HI TRADERS THIS IS MY 3RD ANALYSIS AS PER ME PC JEWELLERS ARE BREAKS THE RESITANCE AND CAME DOWN . IT IS BREAKS AGAIN GO FOR LONG
WAIT UNTILL RESITANCE BREAK . RISKY TRADERS GO LONG . THIS IS PURLY MY OPENION NOT FOR ADVICE . THIS IS FOR EDUCATIONAL PURPOSE ONLY FINAL DECISION IS YOURS .
EDELWEISS moving in a channel - Ichimoku Uptrend
This is for educational purpose only
Tenkan and Kijun cross above kumo and price above TK
Future Kumo is green
Chikou is above kumo and uptrend
Also you can note RSI divergence ... which is interesting
Heading towards 200 as its moving along a channel and consolidating.
If it moves above 193 tomorrow then...
bank nifty forms doji in the daily chart. we may see a gap down opening tomorrow. and then followed by some up momentum towards 30014 level. If it breached closing will be upward if not it will crash downside. trade with caution it is expiry day.
A new trend has emerged with a breakout and retest from the previous downtrend line signalling a new change in trend for the short term.
Expect the price to continue with its Higher High- Higher Low trend support!
It has completed its correction and form a base at 1540 levels. has crosses 1720-1740 levels which indicates change in trend. My target and my strategy is based on elliot wave theory. target of 1880 is interim target. Moreover i am expecting 3-4% upside on pharma index in next trading sessions