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Trendanalysys

Long Setup in GRASIM on WTFA Ascending Triangle Chart Pattern Breakout happened on the weekly Time frame of NSE:GRASIM Price Action supported by volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. One can initiate the long trade as per the lavel mentioned on the chart. Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Ascending Traingle Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for Education purpose only.
NSE:GRASIMLong
by raigvivek
Nifty's Short-term Analysis as per EWPAs I said earlier post that could go up max 18300(200% of 1st wave) and could be retraced. Likewise, Nifty had gone up and retraced after breaking the lower channel and 20 SMA. And, Nifty looked like has contained 23.6% of 3rd wave. For details, please visit my previous chart analysis. Now, after correcting 23.6% of the minor 3rd wave, Nifty is moving up. Perhaps correction is over(in the case of extending 3rd wave, its normal to correct 23.6% of the move) If Nifty manages to go higher beyond 18060(reflex point) we expect the Nifty to go up and break the lifetime high of 18600 But, if Nifty comes down and slips 17970, then we may see it coming down to the 17790 level (38.2% of 3rd wave) What do you think about it? Please give your valuable opinion.
NSE:NIFTYLong
by kaushikwbslg