Happy Independence day Guys. Today we are going to understand the technical of Central Bank of India in a very easy to understand language.
Here are some important pointers about CBI you should know.
1. Important line : As we see in a Larger timeframe there is a very crucial single support and resistance line. For 11 years that line acted as a very strong...
BAJAJ FINANCE LTD
Key highlights: 💡⚡
📊On 1M Time Frame Stock Showing Reversal of Bullish pennant Pattern .
📊 It can give movement upto the Reversal target of above 7349+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 13500+.
TRADING SUGGESTION:
Now we looking to the gold market coming into reversal area,so wait for market get perfect SELL trade.
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TAKE A TRADE,SIT BACK AND RELAX
2nd wave of the 5th wave have ended, 3rd wave of the 5th wave has started.
bank nifty also consolidated today and formed a bullish flag patter and it gave a good breakout
it have also formed the AB=CD Harmonic pattern
so expecting a gap up opening of minimum 200 points tomorrow
after the completion of 3rd wave expecting a quick fall as a retracement
above...
When price consolidate and break the upper boundary of the consolidations zone near 200 Day MA . High probability price continue the trend . Our work is manage the Quantity and Risk .
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
I will buy UBL because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1107
Target : 1276/1300
Stop loss : 1039
The current BTC chart on a daily timeframe looks read for a big pump to $41k. The squeeze of the trend will create a implusive move and will lead bitcoin.
But, until bitcoin breaks $42.5k, we are in a bearish trend. but this could be an opportunity to book some profit for a short term.
Still a possible risk of breaking it on downward is still their so trade...
Presently, the price is trading in ABC corrective wave inhere the Harmonic Alternate Bat OR Gartley pattern is in progress.
Reversal of Gartley Fromm 1895 of 0.786 fib ratio.
Suppose to, the price fall then, alt. Bat pattern of reversal zone is 1801 nearby for 2009 and 2130-50
we are in wave 5 according to me !!! we are going to see correction till 2nd trend line . you can long there .. hope for best cheers... this is purely my analysis please analysis before trading
Expecting a fall to 120-130 zone. This zone will act as a barrier band. Expect reversal from 120-130 levels. If it breaks this band of 120-130, we can see 100 levels. But there is a less chance to break 120-130.
