Its inside falling wedge,
But bouncing from support,
Buy above 69.1 with intraday/short term targets 70.25, 71.25,
If the resistance is broken will keep higher targets
THE INDEX HAS ENGULFED ABOVE THE CLOSE OF THE
PREVIOUS BAR.
STOCKS LIKE BOI AND BANKINDIA AND CANARA BANK
HAVE ALSO SEEN BULLISH ENGULFING PATTERN
BUY ANY OF THE ABOVE STOCKS WITH A SHORT TERM VIEW
NSE:ICICIPRULIICICIPruLife is trading near support area of 360-365 from where it has bounced two times in past one year, same is visible in above chart. We are expecting similar kind of bounce back from these support zone and risk reward is favourable. RSI is showing upwards divergence on daily charts.
We are recommending strong Buy around 373-376 with Stop loss ...
The 4-hour chart of Dollar index has completed an (1-5)Elliot wave. It is due for an ABC corrective wave.
The price action indicates that it has broken the support of 94.18.
A small pullback up to the support level is expected.
Once the the support has been re-tested the index will move towards the next support level placed at 93.22.
looks like btc has found some good support the the short term 1/1 gann, if we keep bouncing and break the 0.618 fib there at 6700 we can go to o.5 fib at 7200, where we also have the 2/1 down trend gann taken from the 20k top.
Hey Everyone!
A small market update about what has been going on lately and what may happen later.
Ever since NIFTY BANK broke its two month long trend line upwards on 15th of June(Friday), the index has been seeing red till 20th of June(Wednesday).
Ever since that trend reversal, a bullish parallel channel has formed. It is shown with the blue dotted ...
the least we could go from here is near the 2300 zone where i have my 0.236 fib, i really think the price would not go below that level.with some good number of hits at this level we might most possibly bounce here, giving us a hope of a double bottom bounce.
cmp - 82.40, in monthly it is has bounced from horizontal support zone. final support at 50. In weekly regular bullish divergence and morning star pattern formed. https://www.tradingview.com/x/09sTRX5M/
1st tgt - 114, 2nd tgt - 160
cmp - 253.65 In weekly, price at horizontal support, in daily regular bullish divergence seen at horizontal support zone.
https://www.tradingview.com/x/uQ4eLRCa/
with sl - 239, 1st tgt - 299
