Technical analysis is a trading tool employed to evaluate securities and attempt to forecast their future movement by analyzing statistics gathered from trading activity, such as price movement and volume. Unlike fundamental analysts who attempt to evaluate a security's intrinsic value, technical analysts focus on charts of price movement and various analytical tools to evaluate a security's strength or weakness and forecast future price changes.
Over the years, numerous technical indicators have been developed by analysts in attempts to accurately forecast future price movements. Some indicators are focused primarily on identifying the current market trend, including support and resistance areas, while others are focused on determining the strength of a trend and the likelihood of its continuation. Commonly used technical indicators include trendlines, moving averages and momentum indicators such as the moving average convergence divergence (MACD) indicator.
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.1300 would begin in Midterm.
Trade Setup:
We opened 8 BUY trade(s) @ 1.1677 (day close price) based on 'Vale & Two-day reversal candle' at 2018.08.27 signaled by DTO.
Total Profit: 40 pip
Closed trade(s): 0 pip Profit
Open trade(s): 40 pip ...
As on 18/09/18, Bank Nifty is in downtrend as per candlestick pattern and also moving averages. Crucial Resistance level is 26644.36 and crucial support is 26363.54. If it breaks 26390 then sell bank nifty for target 26302/26131/26041 with stoploss 26500. Also, Bank Nifty is forming bearish engulfing in monthly time frame.
As on 16/09/18, Apollo tyres may fly from the current level as per fibonacci and trend line. Buy when the share crosses 247.20 for targets 251.80/257.55/260.45 with stoploss 230.60
As on 16th September 2018, as per fibonacci and trend lines, resistance is 1388.95 and support is 1322.95 in daily time frame. Although the trend is not very clear but if it crosses 1385.50 then it will be in uptrend and if it touches and crosses 1329.70 then it will go in downtrend so trade accordingly. I will update LT in the coming days with the share movement ...
Ason 16/09/18, ITC is in downtrend in daily time frame. Crucial resistance level is 308.42 and crucial support level is 305.82 as per pivot points (fibonacci). Short ITC if it crosses 297 for target 290/287/280 with stoploss 311.40.
$NPXSbtc Not Following Any Chart Pattern
$NPXS is still in Bearish Mode ,
Swing will change if NPXS Break and Hold above 33 sato...
So Bullish Swing will start after 33 satoshi
As you can seen we have put 2 target on chart
first is Mid Term.
second is Long term.
We have also mention Support or stop loss Area on chart.
Note: This is only for Educational ...
Midterm forecast:
While the price is below the resistance 0.9305, beginning of downtrend is expected.
We make sure when the support at 0.8965 breaks.
If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Trading suggestion:
There is a possibility of temporary retracement to suggested resistance zone (0.9045 to ...
QTUM Holding the Support Area
Qtum Has Ready to break the Down channel pattern
Already touch the meanwhile Buttom.
Qtum is also Consolidating the price.
EMA & SMMA is very near to cross still not Crossover completed.
If Qtum break the Bullish line then we Assume some trend Changing in price.
i have mantion 5 Target Its totally depend on BTC market
if ...
NSE:JETAIRWAYS has been in downtrend every Jan 2018 and from the highs of 870 the price has crashed to around 260 levels. Recent news of delaying the result had an impact on the price and investors initially weren't that keen on buying the stock.
Looking at the recent trend and especially looking volume structure there is clear signs of the stock being ...
Midterm forecast:
While the price is above the support 13.60, beginning of uptrend is expected.
We make sure when the resistance at 15.60 breaks.
If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Trading suggestion:
There is a possibility of temporary retracement to suggested Buy Zone (14.650 to 14.400). We wait ...
As on 18/09/2018, Canara bank is in downtrend.
Resistance Level: 250.88
Support Level: 243.28
As per fibonacci and trend lines, Canara bank still appears bearish.
Sell Canara bank for targets 240/234.50/225.20 with stoploss 257.25
Get Cautioned!!! Don't Buy AuroPharma At This Level Because It Above 70 RSI (means it is over brought now) So On Lower RSI Below 60 & Buy It Above 828.
Keep The target Of 880 & You can Also Move It When The Stock Price Breaks The Resistance At 883 Price Levels & Stop Loss Below 790 Would Be Better.
Keep Trading,
& Best Of Luck For The Next Trade!!!
ARKBTC has Break up the Down Channel Successful.
Ark following some uptrend we will Book Profit with the help of Fibonacci and Resistance Level.
I have mention 3 target as you can check on the chart.
We have also mention support or Stop loss Area
Keep in mind about BTC movement .
Note: This is only for Educational Purpose this is not an Investment advice. ...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.7650 would begin in Midterm.
We will close our open trades, if the Midterm level 1.7650 is broken.
New trading suggestion:
Price may also reach 1.7650, if price reaches this level, there is a second chance to get more profit and reinvest ...
Biocon has been on a long consolidation and second attempt to break out last week. May be a successful break out coming up :)
Join us at www.tradinginzones.com
![AUROPHARMA: AuroPharma Buying [Setup]](https://s3.tradingview.com/x/xwP62bez_mid.webp "AuroPharma Buying [Setup]")
