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Technicalalysis

impulse wave in HINDUSTAN PETRO. Alternative wave.Elliott Wave Analysis:- Both correction and impulse wave we are expecting a correction. once correction get ended an impulse take place. View 1:- There is also expected an impulse wave i) completed and a correction wave ii) was almost over if raise start then impulse wave iii) is expected to move on. View2:- Correction wave was still pending and a low was expected. once the low was completed then the impulse wave of v wave was expected . I'm not a SEBI registered advisor. Kindly consult your financial advisor.
NSE:HINDPETRO
by n0m0ret0ss
Classic Double Top!Let's Start by admitting the fact that price action works like crisp in FOREX. A beautiful breakout at $1.36459 made GBPUSD hit $1.37437 - $1.37493 Levels. Which happened to be a small time resistance level. (During October 2021) Price then reacted to the resistance and set up its camp down at $1.37007 Levels. Selling pressure was still intact when it tried crossing $1.37437 - $1.37493 Levels again - 1st Indication for a possible Double top. I.e, $1.37007 Levels Could possibly be the Neck Line. Hah! That's what happened! Price Almost respected our resistance level, and started its jouney downwards. - 2nd Indication for a Double Top. EMA 9 Going below EMA 21 + RSI breaking its 47 levels Made themselves in the play for going short. Candle at 7:30 with its good selling pressure and closing below the neckline confirmed the death of $1.37007 levels - THE FINAL INDICATION. And the trade went on it's journey downwards as predicted.
by pranay0508mishra
6
Current scenario on NZDCADPrice action at its finest shape and form and previous data giving extra confidence After an Impulse move to upside and breaking a 4H zone ,the price is currently moving in a extended descending channel or bullish correction before moving more to the upside. While analysing previous weeks price movement we can see a very similar extended bearish correction at the same area before movement to the downside by breaking an ascending channel I tried my best to the represent the movement with path tool ,hoping it will be usesful for someone
Long
by mohdfajas
1
Coca Cola may get bitter here!The stock is in a dominant trend up. Recently a lower high and lower low price pattern has been noticed on the daily charts. The RSI also seems to have shifted the range from bullish 80-40 zones to neutral 60-40 zones in the past few weeks. Important support levels are marked on the charts. Breaking them may result into corrections. The degree of the corrections are still not predictable, but the RSI forewarns. To get more insights into RSI visit www.prorsi.com
NYSE:KOShort
by BharatJhunjhunwala