BEML reversed from strong resistance zoneNSE:BEML reversed from strong resistance zone 940. Monthly Pivot R2, Natural Resistance, highest call oi at 940 and shooting star pattern
Support and Resistance
BAJFINANCE Near Strong ResistanceNSE:BAJFINANCE is near strong resistance. Trendline resistance, Monthly Pivot R1, Highest Call OI at 2800 and dark cloud cover candlestick pattern
MIDCAP MANIA MIGHT COME TO A TEMPORARY HALT!!!Midcaps have had a smart up move since the past fortnight and the Midcap index has reached a level where in it had faced resistance and went through distribution and gave way. Today at the day's close, it reached the same level and formed a Doji kind of pattern which indicated indecisiveness. The Rsi has reached a level where in a pullback on the downside might not be ruled out. Also on MACD , as it is a lagging indicator you might see it converging on the down side in the days to come.
There is a possibility the index might move up a bit or stay sideways but a lot of Midcaps gave way in today's trade and that could be an indication of things to come.
Be safe , book your profits!
Divis Lab sitting right at the support1550 is a confluence of supports with horizontal, trendline and 50 EMA support. Highest Put OI is at 1500.
Titan forming a symmetric triangle with multiple resistancesSymmetric Triangle in formation in Titan with Central Pivot, Bollinger Upper Channel, Fib 0.5 acting as resistance. Prior trend is slightly bearish.
Hindalco Approaching Strong Trendline ResistanceNSE:HINDALCO is approaching a longterm trendline resistance with fibonacci 0.618 at the same zone. Sustaining above this line will take the stock to 212. U-turn from here will take the stock to 190.
CEATLTD Is Bullish Above 1150NSE:CEATLTD formed double bottom pattern with 1138 as its neckline. RSI Bullish Divergence can also be seen with pivot R1 of this month and prior gapdown acting as resistance. Highest call OI is at 1150. So, based on above observations NSE:CEATLTD will be bullish if it sustains above 1150 with good volume. If it reverses from R1, it can fall until Central Pivot Point.
ACC is at a Major Resistance 1500NSE:ACC looking bearish as it approached major resistance level of 1500. Trendline resistance, Supply area, Pivot R1 of this month, Fibonacci 0.618 are acting as confluence of resistances. Highest Put OI at 1500 strike. A bearish candlestick pattern will confirm the reversal and bearishness. If it reverses, 1394 is expected.
Jublfood Sitting right at a very strong supportJublfood is sitting right at confluence of trendline supports and Fibonacci 0.618 support.
First channel on Nifty monthly chartI just realized that entire history of Nifty50 can be seen as three neat patterns on monthly chart. This is the first chart for the first 13 years of the exchange and the index. It gave a healthy return of 15% per annum, when banks deposits also gave lower double digit returns.
I personally don't believe anyone could have recognized the pattern and invested to beat others. However, one could argue that the pattern was obvious by late 1990s.
forex | usdsgd | weeklychart | resistancecan take 2-3 weeks to show a negative candle.
if candle close below the 1.36538 than go short .
profit and stop loss targets are given in the chart.
it will be a long term trade.
