Kind of forming a Sym.Triangle with possibility of breakdown, as the RSI indicates!
A sell on rise candidate around the 3050 - 3070 zone.
From CMP, if price breaks below 2970, next stops will be around 2945, 2890, 2850 (best support).
On the contrary, the trend can reverse above 3030; and can go upto 30 60 - 3070.
A close above 3070, will be a bullish break out of...
in this chart i define the BTC big breakout which happen soon in any side, i marked both side hieght how much it goes it breakout done, if price goes up we come in bull trend & if price goes done then we faced last downtrend with bottom.
On weekly chart it shows short and trend seems to be Short,
It is possible for a bounce back momentum play on long side
Looking at triangle formation and Fibonacci retracement levels
Possible to go long @ current level with stoploss at 26639/600 for target insight at 27000, 27112.
At 27000, 27112 seems to be a possible resistance level.
Technical bounce back...
I think indusind bank has been in a symmetric traiangle and is looking for a breakout.. Either side but as per my thought I thik it will give break on the down side first and then might rally so looking for a bearish breakout. You got any dought comment.
SWING TRADE IN YESBANK
A BREAK OF DOWNWARD TRENDLINE WILL ALLOW
YESBANK TO ACHIEVE HIGHER LEVELS
WE CAN USE THE RISING TRENDLINE AS SUPPORT OR EXIT
This is chart of Kotak bank on NSE (INDIA) in daily time frame with CMP @ 1233.95. Following observations made on the chart indicated bullish view and possible long trade:
1. Various horizontal lines have been drawn on the chart exhibiting supports/resistances which are evident with price actions.
2. Post deep correction during 16th July 2018 to 1st Oct 2018,...