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Bitcoin heavy downtrend continues as yet again it reached a new 1-Year low, hitting $4210. Price remains in the support zone of $4375-4044, mentioned in our previous idea (https://www.tradingview.com/chart/BTCUSD/X6NSamsB-Bitcoin-hitting-Massive-Long-Term-Support/). Market is going through a lot of stress ...
On charts the stock is at levels which has the potential to act as support.
The stock looks good to go long from risk:reward perspective.
At CMP and on further dips the stock can be looked for Target of 144/156
Stop loss if closing is below 128 /126
Take care and safe trading...!!!
The stock is likely to head towards 2920 / 3215 levels in medium term
The pattern gets invalidated if the stock closes below the red line on a weekly closing basis
Take care & safe trading...!!!
This week Bitcoin has reached the long-term support, that is 78.6% Fibonacci retracement level at $4387. At the same time it reached the bottom of the descending triangle, and almost tested the 200 Moving Average. Fibonacci, applied to the correctional wave up after breaking the uptrend trendline, is pointing on the $4050 level, that is a 161.8% retracement. ...
Amara Raja Batteries
- The stock has been in down trend channel (red colour) since Aug 2015
- Since Nov 2017 we observe the stock being able to manage to trade in minor blue uptrend channel
Based on the observations Important levels for the stock
- 728-707 is an important zone which needs to be protected
- the potential on the upside ...
This is weekly chart of CIPLA on NSE (INDIA) with CMP @ 529.95. Observations are as follows:
1. A trendline has been drawn which has been tested as support at multiple occasions as indicated by arrows on the chart.
2. Current week bearish candle (yet not closed) has large body with huge surge in volume and hence possibility of its decisive downside breakout can't ...
First target 10700 if wont sustain it back to test 10200 to 10100 levels
if break 10700 level then very fast reach at 11200 and again back to pavilion 10000 and more downside possible if reject from 11200