SELL
GBPUSD follow the trend if it's break strong support level.Trading suggestion:
. There is still a possibility of temporary chances to return from the support line(1.21650). if so, traders can set orders based on Price Action and expect to reach short-term targets. In between that retail traders try for short term BUY.
Technical analysis:
. GBPUSD is in downtrend but if it breaks the support then it will continue the trend.
. The price is below the 200 EMA which acts as a dynamic resistance.
SL: Break Above Resistance suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.22908). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Sunparma Sell at current levels Target of 418Sunparma Sell at current levels Target of 425 to 418, as there is no support in between. the stock has rallied 60% from March lows if we consider 15% to 20 Retracement level that level comes to 525 and 400 So go short on Sunparma. We had given target of 440 on 14th may to sell it when it was trading aroung 454..
INDIGO CHART ANALYSISHello Everyone,
Happy Sunday! Hope you all are ready for tomorrow :)
As we all know, the lockdown is extended till 17th May 2020, and this is going to put all the plans on hold for aviation sector. Additionally, looking at the Indigo chart pattern, I find it bearish as it isn't breaking 1080 target from long time now.
Here are my targets:
If it breaks 981 below, then go for 950 as the first target
If it continues to break 950 then go for long 915
My third target would be 885, if it breaks 915 too
I'm sure, tomorrow we'll see selling coming in Indigo and tomorrow itself, we can see the target hitting of 915.
Thanks,
Akshay