The 4 hour right is down against 12/13/2019 peak (147.93) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower. Short GBPJPY @133.133.50 Target 1- 130.50 Target2- 128.00 Sl: 134.00 Good luck !
NSE:NIFTY NSE:BANKNIFTY NSE:CNXPHARMA
The weekly right side is up against 3588, the daily & 4 hour are turning down against the 2/17/20 highs. While above 9338 the index can see the 11234-11680 area. While below the 2/17/20 highs the index can see another swing lower to correct the cycle from the 2009 lows.
The daily right side is down with a bearish sequence & the 4 hour right side is down with a bearish sequence against the 12/13/2019 highs at 1.3522. While above 1.2162 the pair can see some further strength to correct the cycle from the 12/13/19 highs. While below there expect the pair lower.
The weekly is turning up against the 1040 lows from 2015. The daily right side is up against the 8/16/2018 lows at 1159. The 4 hour is turning up against 1451. While above 1566 where the hourly is turning up it can see another high toward 1760 before it corrects the cycle up from the 1040 lows from 2015.
The weekly right side is up with a bullish sequence against the .6920 lows from 7/17/2015. The daily right side is up with a bullish sequence against the .8272 lows from 12/13/19. The 4 hour right side is up with a bullish sequence against the .8287 low. While above .8567 where the hourly right side is up the pair can see a turn higher.
The weekly is turning down and the daily right side is down with a bearish sequence against the 2/16/18 highs at 1.2557. The 4 hour right side is down with a bearish sequence against the 1.1496 highs from 3/9/20 . The hourly is turning down against 1.1149. While below there expect further weakness.
The weekly right side is up against 75.57. The daily is turning down against 114.54 high from 10/4/2018. While below 111.67 where the hourly right side is down expect the pair lower. While the pullback remains above the 101.13 lows where the 4 hour is turning up it can see another swing higher to correct the cycle from the 10/4/18 highs.
NIFTY WEEKLY CHART SHOWING EXHAUSTION NOTE:- VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE VIEW:- RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008 MACD MOMENTUM BAR IS -227 WAS EVEN BELOW THAT BUT MANANGED TO COVER...
The pair is favored to remain in a cycle higher in wave (1) from the 8/26/19 lows where the daily is turning up. The 4 hour right side is up from the 107.63 lows where wave 4 ended. While a pullback remains above the 109.75 lows where the hourly is turning up the pair can see the 111.00 -111.50 area in wave 5 of (1) before it corrects the cycle up from the 8/26/19 lows
POSITIONAL TRADE IN WIPRO !!(DEC FUT)!! VIEW -WEEKLY ANALYSIS -STRONG TRENDLINE AND PRICE LEVEL SUPPORT NOTE -ITS A CONTRA TRADE BUILDING POSITIONAL LONGS -PLEASE TRADE ACCORDING TO RISK MANAGEMENT TRADE VIEW 3-4 WEEKS DEC FUT BUY@238 STOP@234 TARGET 1@248 TARGET 2@256 LOT:3200 LOT:2
Price action of Dhanuka Agritech exhibits a sustained weakness in Weekly time frame. The stock has consistently formed lowers and lower highs until recently. By analyzing the recent price action, we could see that the two relatively new lows formed are at the same level indicating that bears might be losing steam. In fact previous weekly candle was huge thereby...
Target 4500 Long term Target open above 7000. Sl 2800
NIFTY closed on the weekly chart with a DOJI indicating indecision in the market along with the classical double top pattern. If the level is not breached, there can be minor correction in the market.
POSITIONAL TRADE IN INDIAN BANK WEEKLY RANGE BREAKOUT LIKELY CLOSE ABOVE 274 WILL ASSURE US 0F 200-DMA BREAK APRIL FUT BUY@274 STOP@262 TARGET@294 LOT:2000 QTY:3 2-TO-3 WEEKS OF TIME FRAME
positional in yesbank march fut Two-inside bar break-out was seen on friday buy@222.5 stop@217.90 tgt@232 qty:1750 lot:1
POSITIONAL TRADE IN ADANIPORTS JAN FUT GOLDEN RATIO CROSSOVER MACD CROSSOVER FUT TRADE BUY@400 STOP@394.5 TARGET 1@405 TARGET 2@412 LOT:2500 QTY:1
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