USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
VODAFONE IDEA LTD, JET AIRWAYS INDIA, YES BANK, RELIANCE COMM LTD, INFIBEAM AVENUES L, PC JEWELLER LIMITE
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Stock has technically broken down from all it support levels , the last seems to be at 1400 INR , below this the stock will slowly move in three digits.
A falling wedge pattern since jan 2017, however for the reveral a breakout has to be there, expecting a breakout in Oct, 2018 (between 8 &15) weekly basis.
Entry only after the breakout.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Breakout above 2550 can take it to 3100.
Medium term its a bearish counter.
The sideways trend is broken indicating the demand has kicked in. The zone is being retested and will be a support if it sustains.
One can long above 3050 as the trend will be established.
Buy - Above 3050
CBSL - 2850
Target - 3750
Disclaimer..not invested ...not an investing/trading recommendation
As per my wave analysis..
Short term : Prices can go up to the Green TL, only to come back down to around 2700-3000 levels.
Medium term : Buy low at around 2700-3000 levels, when we get the reversal signals, target 5400++
Buy FORCEMOT after a bounce above 3330
Bearish Movement on the charts . If 3260 is taken out see the accumulation zone getting activated till levels of INR 2950 -2850. The Fibonacci retracement level of INR 2850 can provide a bounce and this opportunity can be used to go long .
This setup is a an example of how to read MACAD.
There should be confluence.
Price shot of up after the trend line was broken
There were multiple confulences indicating strong movement in the expected direction.
MA's in all the three MACAD were above the MACAD "0" Line.
There are lot of other factors related to MACAD which made this setup sucessful. Please ...
Watch the green lines in the chart. If the price bounces off either of the two green lines, it would then be a sign that buyers are strong and eager to push the price higher. A Hammer-candle at either of these lines would make me interested in adding more of this stock.