Let’s quickly start this analysis from June 22 lows.
Weekly Chart
There is a clear A-B-C type corrective pattern which tested into previous highs of Oct 2021. I was expecting some support build up near 18000 levels (for the trend to resume on the upside) in Dec 2022 but that did not happen, and the market just drifted lower and lower to previous support area...
NSE:NIFTY retraced near sub wave 4
Channeled correction in WXY seems to be getting over with RSI Positive Divergence.
Wave 3 Rally to New Highs shall resume soon.
I have received couple of questions and disagreement on the btcusdt divergence move that's about to happen. What's your take? Let's know in the comment section. Thank you!
Ideal swing trade entry setup here in Kotak Bank. Price recently broken out of a major stage consolidation region, and has now retested the breakout level. Now it is adhering to a bullish trend channel and is at the demand line presently, a safe entry with minimal risk can be initiated here.
Structure marked on this stock for short term, in a nice uptrend after correcting for a long time. Also included is a little nested wedge pattern from which the price broke out for a sharp spike up at 2PM today.
The stock was in corrective mode while all other pharma names were making new highs. It gave good Q1 results. 2 new plants are getting operational soon which should provide operational leverage. Very positive for long term. In terms of technicals, it gave strong BO from its falling trend channel and is now making higher highs. With the RSI also trending higher,...
Gave strong BO from its trend channel lines and now taking support at 32% retracement of wave 3 high. Currently, in minor wave ii of 5. Rising gold prices will provide more fuel to its rally. No divergences.
Looking for target of 172 and more.
traders by looking at chart it clearly shows a nice down trend probably market will choose a bearish move just hope for this will keep you updated with trade levels just waiting for this weekly candle to close
