Traders
A sign of discrepancy or an opportunity!There are times when an indicator reflects a bearish trend but the overall signal reflects a bullish trend. This phenomenon creates a pool of uncertainty and reflects a behavioral aspect of trading which is followed by the trail of institutional investors.
This chart is of a same perspective and it reflects a situation where there is a dec in vol. followed by a mixed-signal between indicators and signals. This particular situation indicates an uptrend by double bottom, a bearish aspect by Ema, and confusion by volume.
It's better to wait for confirmation of the trend in this kind of scenario.
The chances of come into profit is more.The last pin bar is showing price rejection.
Rejection zones are areas where there is no equilibrium in price. The asset is either over or under valuating, meaning that the market might be oversold or overbought. It's important to spot these rejection zones to know when to avoid a trade and where the key pullbacks are.
Maintain stop loss
To the sturdy side naukri is moving. The price above 2683 is bullish.
Expected a small move to downwards and then move towards up-direction.
The price will consolidate within channel
Bullish can mean different things especially for short-term and long-term traders.
Glenmark 23rd april Buy above :- 320.50
Targets :-324 / 326 / 328
Stoploss :- 316.70
Sell Below :- 316
Targets :- 314 / 311 / 308
Stop loss :- 320.20
Good luck
Go with trend.
MARICO Technical AnalysisThe stock is in a nice uptrend. If it breaks the trend line we can see a nice move towards the next resistance which is at 310. What do you think of the setup? Do comment and share your analysis.
M&M is planning for another down wedge?Sell JAN FUT at current level (542)
Stop Loss at 1% (547)
Book Profit at 530 to 520.
Thanks ! Make profit and let me know in the comments...
Important of TAIL on ICICIBANK will full of your pocket.For each U-term , this stock is created TAIL .
Look at the box, I have drawn TAIL so you can easily check it. Suppose, wave(2) has Tur n then it will create a tail on hrs chart .
Resistance 423 nearby.
Predicted waves if everything fine.
ITC 270-271 no worry to buy...!Buy ITC 268 above is not worry for target 278 nearby and if the cross and close above 278... then spike up to 286-292.
This stock is really good for investors. Let me show you the daily chart with projection.
Its time to take advantage of knowledge over the NIFTY, studied.The right side of NIFTY chart, we have found that price rotation and higher trading activities plotted it by using a rectangle. Price value gravitating by control value. Suppose, it's true then, nice can move upto 11780 again. above 11626 we can think the bullish for the short term.
Price ration between buyers and seller are in the range of 11598-11678 appeared. (avoid the 3% penetration, any side price can see fire move)
In fact, there are the number of 5 excess, but I have shown 4 five excesses. Each excess has given single direction move and we are at 4th excess.
