Euro against Dollar seems to take off by the bulls in the first week of May , Last month of April the price was almost moved in sideways and its top and bottom not exceed or decreased .. month high were 1.09 and month bottom were 1.076..
New month expects the pair breaks out of this area and may touches the old resistance stays over the years at 1.14
Nifty taking support at around 11800 level as well as a recently developed uptrend line (marked in green). It might bounce back from here and form a sideways pattern before resuming its down move.
But I will not be in hurry to initiate a long trade.. not before there are good volume bullish candles in intraday charts.
Nifty is trading in a sideways trend since start of August. There have been some intraday opportunities, but there is no clear direction so far. It is not worth risking one's capital going for small intraday profits until it breaks the sideways volatile zone.
Long Opportunity will arise once it breaks the sell zone (as market in the chart) to the upside target of...
Wipro is trading sideways between 280 and 300 as we could see in chart. Currently the stock is in the lower bottom of the range making it an opportunity from Risk-Reward perspective to go long.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas....
VIP Industries in recent weeks is in a sideways trend since February. Taking a broader look we could find the price action is forming lower highs and higher lows leading to a triangle pattern.
Currently, the stock looks to be in the middle of both the patterns and only a breakout could give us a clue on next big swing. It would be wise to get in if either 485 or...
Levels mentioned on the chart
Price been cycling between support and resistance recently price touched the support now we expecting the price to hit the resistance.
price been cycling between support and resistance, cretaed solid sideways now looking to bounce back and hit the resistance .
levels mentined on the chart
Dear Readers,
If you see the long term chart of CUMMINSIND, you would find that the stock has been witnessing a sideways movement making higher lows and lower highs.
The internal built of the first leg from the low of 746.15 to the high of 947 and third leg from the low of 747.55 to 921 looks like impulsive movements, please refer to the chart for the reference....
