As seen in the weekly graph Dow Jones Industrial Average Index had given a breakout from the parallel channel( indicated in bluish color). Which is a downtrend that started at the beginning of this year(2022).
It could be observed from the graph that the index had given the breakout with a good real-body candle and had taken support at the parallel channel...
MEP infrastructure consolidated over 50 days moving average then increases and running above 50 DMA
Stock given trend line breakout
RSI positive
MACD giving buy signal
Running above 50 DMA
JUBILANT PHARMOVA
Broken long term trendline (18 months old)
200 EMA around 410, a breakout above it
can be the trend reversal
Volumes increasing after results
RSI strong
STAY TUNED!!!
YES!!! this is a trend reversal
18 months old trendline breakout
Huge volumes at breakout
Breakout after numbers
head and shoulder breakout above 588
Above 50 ema
Above 200 ema
Wait for a confirmation of resistance breakout and we can go long!!!
Eurchf buy @ 0.98143
Stop loss 0.97343
Target one 0.99143
Target two 1.00143
Trading idea based on pure price action and trend reversel i am seeing over here so i am opening a buy
If you like my idea please follow me and support me🙏
I analyzed GLS on yesterday and today it had given breakout of the previous range by blasting nearly 8%. More strength above 450. Still trend hasn't changed but more chances of bullishness, falling wedge pattern forming in weekly tf.
The weekly chart of Nifty IT shows that it has come near the 50% retracement level.
At the same time it shows a positive RSI divergence. This gives rise to chances of a short term upside.
Though confirmation is required as per price action.
Hello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied.. According to me, an up move of 40-50 % can be expected in CAMS .
Keep trading...
Trade Setup
Short October Futures from the pullback level or current level.
High Volatility
Candlestick Chart
25% move from 32290 (17 Jun 2022) to 39759 (19 Aug 2022)
If we draw Fibonacci retracement for the same level then the 38.20% level comes at 36906.40.
Macd - Bearish Crossover
Renko Chart
Fake breakout of resistance at the level of 39011 and...
From last 6 days NIFTY is taking support so many times at this so it acts as a strong support, once it broken we can see a huge move on the downside
Always follow Risk and Position Management❇️❇️
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading 😊
Nifty Faces Strong Resistance Near 17400 And Unable To Break Previous Candle's High. This Type Of Pattern Indicates A Trend Reversal And A Bearish Rally Is Seen Thereafter.
Short Nifty ~ 17266, With Stop ~ 17430, Target ~ 16800, 16525 Positional Trade Setup.
This is 1D timeframe.
Infosys have formed a inverse head and shoulder pattern with a morning star at bottom in head.
Last three days, 2 good bullish candles, but the volume is average so I need more confirmation to initate the trade.
Will wait to get a closing above 20th July candle with volume support.
Then I can target the 1660-1670 zone.
I can keep stoploss...
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
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