Strong consolidation above support 220. At 100ema support & RSI strong
Infosys has corrected/ fallen around 10 % and trading around Major SUPPORT Zone. We can anticipate -->It has tested the support zone more than 5 times, expect some reversal as per fib. -->Head & Shoulder pattern has completed it's depth zone. Keep a watch on neckline for reversals. -->Analysis is for next 2 or 3 days. Expecting 20 to 40 points up move. -->Good...
Stock has given a bounce from previous support level / demand zone. Can be added for a positional trade for a medium term trade.
Up wards : We are Looking for Elliote Wave Structure, we need to hold Current zone, if we broke Resistance of 50.33 with Good volume and with Strong bullish candle move, then surely we are going to Chase next resistance in Next move Downwards : If we are not able to hold current zone strongly then we may go low to test levels for future supports, key levels...
Positional idea Pure price action Only for educational purpose Like the Idea See the video for detailed explanation
When looking at the current BTC price you can see it broke down out of the symmetrical triangle and also broke the horizontal support. We also got a 4 hour close out of the triangle, so I'd say we have a confirmed breakdown. I closed all of my long positions earlier today but I still don't know yet if I should short or not, since we were in a heavy uptrend. The...
1. Channel Support 2. Previous All time high act as Support
Nifty opened the Muhurat session with a gap up of 100+ points but it must trade above 18000 for short-covering moves. Near 17950-18000, there is a supply zone created by the shark pattern from where the price could take a dip or could take it by force to the upside for short-covering momentum. Happy trading. :) This is just for educational purposes.
Positional idea on Dabur For details see the video For details see the video Pure price action
ITC - the performance of ITC is similar to the performance of Team India in T20 World Cup... Abysmal - however if we look at it from Chart perspective, we see the stock following the 2-3-5 Rule So what is the 2-3-5 Rule? - It takes 2 point to establish a trend line - Point 3 is your best bet to initiate a trade ( in this case, at 265 since the stock came...
Nice breakout in relaxo expecting Upmove, you can add in your portfolio as this is also good buy for long term you can start buying in chunks TGT - 1550 & ABOVE (As in Blue sky zone, hold it for long term) Disclaimer The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may...
Likely upside move potential in DEEPAKNTR as after breakout the scrip has taken a weeklong halt. Investors might enter if high volumes are observed and participate in flag and pole creation.
Go Long above 598.05 for Targets of 613.65, 629.25 and 644.85 with SL 582.45 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5...
Buy@CMP TGT - 2600 & ABOVE SL - 2250 Disclaimer : The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible...
TRITURBINE slow mover though but if we have weekly closing above 134 tgt 190 TF 6 month
reliance wyckoff accumulation bullish it has shown spring already and now only last phase is pending