It is been observed that the price action breaks and closes below the upward trending line on daily chart, indicating further weakness and bearishness. Now, it shall further move down to the next support level at around 252-250 levels. It is also important to note that it is facing a strong resistance at around 275-278 levels. Target: 252 Stoploss: 280
The price action is been trading in an uptrend channel for while and it is been going up and down within the channel's trendlines. Today's it is been observed that the price action is correcting after touching the high point of trendline resistance, indicating selling pressure. Now it making lower highs indicating prices to go further down. Now, it is correcting...
The price action breaking out from a consolidation between trend lines or horizontal channel. I believe if the buyers manage to close prices above 500 levels then we might see a long upside move. Kindly confirm the breakout at the end of trading session to initiate trades for tomorrow. Hope you trade with care, Thanks for your support. Regards
It is been observed on weekly chart that the price action firstly breaks out from a downward trendline and now trending up with increasing volumes indicates change in trend and also high pressure and dominance of buyers in the current price action war. I believe it is a great investment opportunity where one can make over 28% returns within few weeks. Target:...
The price action that was trading in a downward trendline has now finally breaks out from the downward trending line, indicating high buying pressure and bullishness. Target: 197-200 Stoploss: 175
Note : This setup is only for Aggressive Traders, if you are conservative trader please stay away. Enter only on valid Break of trendline, use stops wisely Remember if we short now, we are standing in midst of Bull stampede. Nothing Scary,Never Fear just Trade the Plan ! The above wordings deserve a repeat bcos of highly risky trade setup. Now two scenario's...
The price action breaks out from the prevailing downward moving trendline and indicates bullishness. Targets can been taken to 61.8 Fibonacci levels at 495, stoploss 464