USD JPY Look Like Changing Trend to Sell Direction Short Below 145 Target 143 , 142
Hi again traders. Rcent USD weakness and EU positive news performed a shift in EURUSD trend. However, I am seeing that the past broken support which I pointed out with the eclipses, has not been retested and perhaps now is the time for this check. I consider this current level of important resistance which might drive the price at least in my first TP area or...
lets see if we can secure this trade with at least 1:1 RR. SL of just 40 points . Candle close above 18020 will change every thing Until then its a good risk reward . Closing below 17940 will be considered as proper weakness then one can plan for positional trades. As of now not that much weakness but in smaller TF i have observed market breaking the structure and...
HINDALCO failed to complete the BOWL pattern now it is trying to make a CUP with Handle pattern Buying levels above 415 with the SL of 4 to 5 rs and we can look for 1:1 to 1:2 target or more depending upon the volume. selling is preferred below the 400 level and risky traders can have sold below 408 with the target of 404 up to 400 can continue further below 400...
Hi traders, based on the price action of last Friday, I see that the price at the moment lays close to a bearish Orderblock Area and a clear resistance level, which is being approached with very small - body candles. As a result, I am expecting a fall to fill the Sunday - night to Monday opening. Good Luck!
IOC - The stock even in a strong market condition is struggling to get past 21 day EMA - The stock traded in yellow channel for approximately 3 months - Now trading in the red channel zone Target for the current set up 64.15 / 61 Be cautious if IOC closes above 68. Pattern gets invalidated if stock goes above 70.30 Take care and safe trading...!!! Like and...
Grasim formed an inverted " HEAD AND SHOULDER PATTERN " and the first target of 1700 is achieved. Now it's trying to cross the zone 1650 - 1700. Thus the Volume in Grasim looks good near the resistance level of 1700. BUYING - 1704 or above we can look for buying and a morning 5min candle should close above 1700 will give a good rise. - we can look...
Asian Paints - After 3 Black crows candle stick pattern, recovery in the stock has been tepid so far - The tepid recovery is also due to rise in crude oil prices during the same time. - Given the setup, one may consider to sell Asian Paints 3500 Call Option around 50 (October series) Keep a close watch if Asian Paints closes above 21 day EMA ( currently...
ITC after long support of 20DMA now closed a candle below 20DMA in the 1-day chart. On the lower side, we can see a trendline breakdown too and 50 DMA is our next TARGET. Also, 10DMA crossed the 20DMA in the 1-day chart now we can trade for short up to lower support line. The evening star candle was formed, showing a downtrend later on a Doji and a gap down...
BSE stock is providing good apportunity for buying in future.
Hindalco taking resistance at previous swing high Bearish Candle breaking 100 SMA Go Short at CMP 436 Target 350 SL 465 (Closing Basis)
Gail is at the support and Bollinger Bands are squeezed and the breakdown of the lower band. Macd is Bearish Crossover RSI is below 40 So short near the close of the candle for the targets of 84 and 78.
Reliance on weekly chart following trendline wait for retest and bounce . DISCLAIMER : This is only for educational purpose only. do your own analysis before buying and selling. hope you liked it. keep it simple.
RELIANCE is making a good triangle pattern and moving averages are also showing bearishness in the stock thus Reliance can enter the Bear market once it breaks the triangle. THE MAJOR support is now 2400 that's gonna be the first target and the second target can be 2200.
Sell Trend Activated EURUSD 4HOURS CHART ...........
USDCHF PAIR will get strong USDJPY PAIR will get weak CHFJPY will fall indefinitely FOLLOW SL and TP
Long Term Trend Line broken With High Volume Sell on highs near 245-48 Or on brak of 240 area Sl above 250 tgt 210 Looks like 1:3+ R:R
jindak steel looking weak because the share has takeing resistance from old trend line short below 400. NSE:JINDALSTEL