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 0.6430 would begin in Midterm.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 0.6580 on 01/03/2019, so more gains to resistance(s) 0.6860, 0.6970, 0.7025 ...
#1
I have been watching and speculating nifty since long and apparently whenever I felt the fate of the market, it respected my opinion and turns out to be in the direction of the favor, participants and its likelihood.
Well, lastly, If the price breaks the slanting resistance and closes above it, and if the high of today's candle is broken tomorrow that is 16th ...
UPCOMING SHORT IN TVS MOTORS
BEARISH SHARK PATTERN
SELL at 580
TGT 1 571 T2 567
5-6 days time frame (after the trade is active)
FOR MORE CHARTS FOLLOW
t.me
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:
A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic ...
RELIANCE IND (CMP: 1184.35)
TECHNICAL OUTLOOK:
>Breakout on volume front i.e. huge volume generated as compared to last two months avg volume
>Breakout on DPO
>Breakout on RSI
MARKET OUTLOOK:
>Buy it above 1190
>Target (Buy Side): 1200>>1220
>Sell it below 1150
>Target (Sell Side): 1130>>1115
FUTURES FRONT:
> For JAN’19 contract an expiry is expected between ...
#3 Entered at the low of the doji formed under the green slanting resistance. Holding currently
What an opportunity. :)
Confluence 1: Broke the head and shoulder.
confluence 2: Out of the triangle.
Stay humble
work hard
stay blessed
Stock is raising up with good volume. If it able to cross the resistance of 800, then we can see a good room for improvement till 840. After 840 it will become super bullish
FOREXCOM:GBPUSD
In 4 hours map pair showing sideways market and narrowing its the chart that shows breakout towards up or down.
and lots of important news coming on the way so we will observe the next move and trade
Today GBP have lots of news so trade wise.
Check More details traderand.co
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