EUR/GBP Techncial analysisThe 4-hour chart of EUR/GBP is in an ascending channe l formation.
The centre median of the channel is acting as a good support.
As per our analysis we expect it to bounce back from the support to top of the channel.
Wedgebreakout
Godfryphlp short and mid term viewPls see the chart. Wedge pattern breakout given on the chart for that target 1&2 given. Double bottom will confirm, when it breaks the 913 levls for that target given on the chart. Weekly MACD cut and daily MACD crossover helps to reach the target and weekly low RSI and CCI helps to reach the mid term target.
Vijayaraghavan
Kovilpatti.
Adani Power short term viewAdani power may move upto target(shown in graph). Wedge pattern breakout done already. Descending channel breakout may happen upcoming days. Both pattern shows same target only.
Vijayaraghavan,
Kovilpatti
broken out from downtrend,wedge pattern,swing highretesing at 40-43,if price sustain at 40-43 we can see 47,51
LONG:- NCC LimitedWith Good fundamentals, impressive results and robust order book growth of 75%(9-month YoY).
This falling wedge(approx) WITH converging MACD looks like a sound bet to go long in the near term.
GLENMARK Pharma - a bullish Wedge Scrip has formed a classical bullish wedge formation and the break out of the wedge is also supported with volumes
Low risk entry for indicated targets . Seems to be a good trade !
TATA Power at long term breakoutTata Power at Long Term Breakout from falling wedge pattern. Though it has fallen from upper edge quite a few times, This time it seems to have broken out.
