Nifty Hourly Chart forming lower lows which shows a bearish trend. Any Close above the support with good volumes needed for the continuation of uptrend.
I am still bullish on the market even the small correction happens. One should use this opportunity to get their positions at less and discounted price.
This is just for Educational Purpose.
I expect that the correction in Nifty is over and we may head to new highs soon. Hold 9980-9940 as closing basis SL for longs. Expecting 10300 on Nifty (SPOT Value) time frame 2 weeks to 1 month
LTC has been in correction mode for the last week or so with further down time expected towards its support at 35 USD. Its not yet clear how much of an impact a UAHF will have on LTC. Its move breaking the triangle formation will determine its semi-long term movement.
price is moving in an uptrend channel in weekly time frame.
Recently morning star candlestick formed at the channel support, and price is reversing , so 1st tgt - previous swing high - 90.5, and sl - below the channel support - around 76.7 .
gail is moving in an uptrend channel in weekly, and now at channel support, also hidden bullish divergence is seen.
so sl - below the channel support - 342, and 1st tgt - previous swing high - around 425
head and shoulder pattern formed with a neck line around (281.5 - 280.5) level, which was a strong support also, which got broken later. Now price is retesting the broken level.
Here the pattern tgt - 256, and sl should be just above the right shoulder - 296.5 .
How much loud and clear does one want the chart to be....
This is what we had posted on 26th June 2017
Retest of breakout zone and up again on confirmation...
This is what the chart observations were indicating and that is exactly how it panned out...retest of breakout line and zoomed all the way up above 600+.
We have plotted the chart on a 15 minute...
Plastiblends
Cmp 593
Observations from chart:
- the stock has given a breakout & has come out of ascending triangle
- consolidation phase within triangle is of nearly 10 months in 1st chart
- this is generally a low volume stock with occasional spikes in volume
- MFI & RSI are currently in overbought zone
-- in the short term, stock may retrace & test...
Hi All ,
I assume many members here might have gone through some Technical analysis Training programs , Be it indicators,Patterns ,Elliot/Neo wave , Gann Study or Trading psychological training (Online or Classroom session).
In case you if you have learnt it on your own than what books /online resources you followed?
Can You share (online link if...
IDFC BANK this is new bank but i hope that it will will defiantly cross 100rs. level but right now a strong pattern is form cup and handle in both weekly and daily chart and fibo retarcement is also showing some up move.
So i feel immediate target will be 65
second target will be 71
and final target from my side will be 83
Hi Everyone,
Nifty reached its resistance zone, from here we an expect some consolidation 8400 level. My suggestion wait and Enter long @ 8400 level Target - 8900
Seniors Tech Analyst, Please let me know can we call it a Channel Breakout? Even the latest candle has just crossed 200 Day Moving Average. Waiting for the suggestions from Seniors. Thanks.
