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Bank nifty under the patter of falling wedge... it has a crucial support at 17140 (which is april month candle low), Also there is a gap at 17317. One can take entry after filling the gap with stop loss of 17140 for a target of 18700. Please note, I am not a certified analyst . View shared here is only for learning purpose.
In the #SBIN HA chart, we can see that it has made a low at 173.55 on 24th March 2020 and recently it breaks its low on 8th May with a low price of 166.10 but at the same time we can see, though the price is in downtrend yet the RSI(15) is in an uptrend which clearly signifies that SBIN might be bottom out in near time. One can wait for the Closing Price > 176 on...
. There is a possibility of temporary retracement to suggested support line (202.17). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. ETHUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
The current price of the stock being the same as it was in January 2003 and if it breaks the channel pattern, suggests to me that there could be an excellent opportunity for going long (swing). Comment and tell me what you guys think. Lets help each other and share ideas!
We can see a clear rising wedge formation on AUDJPY and there is a very high possibility of breakout of support, if it does then there is a chance of going on SHORT on this trade and get a minimum of 500pips in your pocket