USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
RELIANCE COMM LTD, YES BANK, VODAFONE IDEA LTD, SUZLON ENERGY LTD, INFIBEAM AVENUES L, JET AIRWAYS INDIA
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
the stock is going through a channel so it has to come retrace back and the go down.so lets catch the downfall
After testing support Edlewiss has turned bullish. Support is at 163, target 240
The last 8/1 angle support is at 163, if turns positive, target can be 242
Strong support at 170 below that 134
I think headed lower
1. No vested interest
2. Educational purpose only
Major break down happened on daily chart. Seems all set to go 200 forst then 180. There it should make base by sideways trading before startinh going up again.
H&S target has been achieved.
Being a novice would like to have opinions from expert that -
whether this pattern qualifies for the classical charting pattern conditions of H&S or not ?
Head & Shoulder Pattern target completed ?
Can we have the expert chartist views please.
Please Do Your Own Analysis
This is my Personal View
it formed a bullish engulfing in the end of a downtrend chance to be a reversal
Reversal confirmation on intraday charts
Levels mentioned in charts ...
Without the cat....
Buy with stops near 270 for tgts as indicated
TAKE SOME RISK.. ;)
Short EDELWEISS see chart for details