Uptrend
Just Dial Down Trend | Trade NiveshJust Dial has denied news reports, and has said there has not been a data breach of 100 million users on its platform. It added, there was a vulnerability on its older version of the app which has now been fixed. The stock is down over 3 percent.
but according to my chart analysis just dial become very bullish share
Uptrend in FBFB formed a double Bottom from 11/18 to 02/19 which was confirmed by the succesful breakout on 14 january. Fueled by the earnings Reports on 30 january FB had a big upside gap. Now we have breakout of the consolidation and so we have further updside potential.
Profit Target 215$, Stop loss 165$
2:1 reward : risk ratio
Ethereum Short/Mid term target ($240)(Personal opinion - NOT A FINANCIAL ADVICE )
Since Bitcoin broke all the recent resistance levels like a hot knife slicing through a piece of butter, we do have a lot of reasons to be bullish on Cryptocurrencies for the mid term.
Dips on $ETH are worth buying and I'd consider levels below $150 to be a good buy . The price-action-squeezing triangle can seemingly breakout either ways so I'm going to be
cautious if the price is not able to maintain the bullish bias in the short term.
Sentiment would soon incline towards "GREED" in no time and we'll see moon boys screaming $10,000 BTC soon.
So beware of that kinda sentiment. I strongly believe we need to retest the lows again in order to maintain a Price - Strength for the next bull run!
Trade with caution and responsibilities, always hedge against your risk and never forget Stop Losses.
LONG in HAVELLS on NSE (INDIA)The analysis is based on weekly chart. It looks that enough consolidation has taken place in Havells and scrip is all set to move up. In support of this view, following supportive evidences on chart have been observed:
1. In last three weeks, bears tried hard to push the price lower but it has recovered sharply forming pin bars. It is also observed that price has taken decisive support near 550 zone which had acted as resistance during JAN 2018 to JULY 2018 until it broke out on 23rd July 2018 with gap up.
2. Trend line drawn on the chart also indicates supports at multiple locations (Nov 2016, Dec 2016, Feb 2018, March 2018 and now in Oct 2018.
3. Strong support (last three week's PIN BARS) also coincide with key retracement Fib level (78.6%) of the previous rise in price during JAN 2018 to AUG 2018.
4. There is no divergence observed in price & momentum on RSI.
5. RSI has gone past 40 in daily time frame which accompanies with decisive bull candle with good volume after gap down opening on 19th Oct 2018 especially in exceptionally bear market overall on 19th Oct 2018 overall.
In view of above observation, it looks that Havells might move up to achieve its previous high (726) and on breakout of this previous high may make a new top. Therefore, two targets have been arrived as shown on the chart :
(a). Target -1 : 726 (Previous high)
(b). Target-2 : 986 ( 1.27% on Fib extension of previous bull run/rise)
(c) Stop can be exercised at 547 (below PIN BARS of previous three weeks)
Happy Trading !!!
EQUITAS Holdings - HH HL formationHH = Higher high
HL - Higher low
Long above prev day high
Sl = prev day low
Target 1 - 163.3
If it breaks 163.3 it can go up to 170