Support and Resistance
Mighty Nifty - Weekly Review March 2 - March 6Sustaining 11220 - 11240 will make the price to move towards 11280, 11320, 11360 and 11420. Bearish below 11180 for the targets 11140, 11110, 11060, 11020, 10960, 10920 and 10860.
Intraday SetUp For Dabur 3rd Jan 2020Buy(H4 Breakout)
If in Dabur, the 1st Candle which touches the H4 ie around 462.4 and its next candle is also Bullish and closed above H4 then enter on BUY side around 462.4 with Target around H5 (464.3) and Stop Loss around H3 (461.25).
Buy (L3 reversal)
If Price action is around L3 levels are not able to go below then look for Trend reversal candles. See the 1st Candle which touches the L3 levels Confirmation Candles close should CLOSE Higher than Previous Candle and its low should also be higher than L3 levels then enter BUY side around 458.95 with Target around H3 (461.25) and Stop Loss around L4 (457.8).
Sell (H3 Reversal)
If the Price action around H3 levels are not able to Go above then look for reversal candles, Confirmation candle HIGH should be less than H3 levels and its CLOSE should be less than Previous Candle CLOSE. Sell around H3 ie 461.25 with Target at L3 (458.95) and SL at H4 (462.4).
Sell (L4 Brealout)
If the prices fall below L4 level ie CLOSE is below 457.8 enter SELL position with Target around L5 (455.9) and SL (458.95)
Technical Analysis of Litecoin: 25th February 2018Litecoin has entered into the corrective phase of the Elliot Wave Pattern.
Wave A began yesterday with the bears taking control of the market and the market suffered a major drawdown.
The downtrend is going to continue all the way down until it finds support around the 50-day moving average at a price of about 37.29. This can be a good entry point for going long.
The wave B upwards will be a small wave and it will test the 200-day moving average resistance at about 44.90. Exit the market at this point.
Then the wave C will begin which will took the market downwards. This wave is going to be as long as wave A and is going to find support on the 200-day moving average at a price of about 33.89. This is a good re-entry point. The market is going to go long from this point.
If wave C couldn't find support at the 200-day moving average then the market is going to go down further to test the previous low at around 22.52 which was formed on the second week of December 2018.
LIC HSNG Fin @ "C" Zone of AB=CD & SUpport ZoneBSE:LICHSGFIN LIC Hsng Fin, Fell from 161.8% of Fibo Extension & Now holding C zone also 2015/16 Support zone. Some demand is seen at this level (Nice bullish candle). Outlook will be bullish with recent low (460) as stop.
