Buy ONMOBILE GLOBAL 65 as good long term support range. Weekly support of 55 range respected and bounced back after oversold range. Look for 90 to 95 levels at least 40% upside
there is a formation of bullish engulfing pattern in Maruti Suzuki on the weekly time frame if auto sector gets some boom it will definitely gonna reverse from its support we need to continuously check the auto sector performance made vulnerable because of CORONA and keep an eye at MARUTI SUZUKI and if it shows some correction then 50MA gonna cross 200MA which...
Nifty currently trading below its weekly Dynamic support. If not sustained here Nifty 13800 can be seen very soon.
Disclaimer: Above idea is only for education purpose. No Buy Sell suggested.
ERIS has a weekly support at 555 level. which is also coincides with 21W EMA. and 21W EMA is sloped upwards. it's better to accumulate at current levels for long term.
XAUXAG chart again touched its long term weekly support of 68.5 in Dec-Jan and seems to have bounced off of it. RSI divergence is further supporting the bullish view on the Gold/Silver chart. Initial level of 82.5 is possible in the coming weeks.
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...
PEL seems to respond to a critical Weekly support. Risk-Reward favors a long trade.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important...
