AbsoluteAnalysis

AbsoluteAnalysis

AUBANK is a few points away from the price where it started. The trading strategy is to wait for the resistance range 250-246.90 for a retest of the all-time high and upper targets of 261.50 to 268 as new highs. Upon rejection or confirmation of rejection of this resistance level, prices will fall to 231 and 221, respectively, as T1 and T2.

AbsoluteAnalysis

Silver run halts at immediate resistance $36.12698 On breakout, upside targets are T1, T2 and T3 as mentioned respectively. If price rejects this and falls below the Immediate support, then the 2024 year's high level will be a strong support to invalidate bullish sentiment. Below S2, it will still be a weak bullish zone instead of a reversal or bearish knock. IMO,...

AbsoluteAnalysis

The ATH level will be retested and will act as immediate resistance and a possible pullback zone. Price breaking out this level will target 2005 and 2025 as initial targets. Prices if rejecting this, it will create a double top with RSI divergence. Price breaking out will trigger a buy, with Immediate resistance a support for exit.

AbsoluteAnalysis

RSI is still above 50, indicating bullish sentiment, and prices are at the retesting level of the trendline, providing another opportunity to buy. Right now, it is advised to wait and reconfirm this level as support for any buying entry confirmation. RSI is also above the breakout trendline. If the oscillator breaks the supporting trendline, then prices will show...

AbsoluteAnalysis Updated 

Tataelxsi a good pick for a long term investment. Firstly, it is rejecting the trendline support drew from 2022, secondly, it has respected the trendline and once it breaks and tests 5924, it is a good buy entry for targets of 6411, 6944 and 7474. Stop is below 5900.

AbsoluteAnalysis

On breakdown of the support, prices will fall till the middle of the higher timeframe channel, which falls at around $3210. On bounce, the prices will revert to the upper level of the lower timeframe channel, which falls at the $ 3350 level. Buying will be above $3296

AbsoluteAnalysis Updated 

Two points are showing a bullish trap in CESC chart (daily timeframe):- 1. Prices are exhausting in the channel. A volume spike is needed for the channel breakout, which is missing here. 2. Prices made higher highs, but RSI made lower highs, showing divergence. This means there are good chances for a bearish breakout. 3. A failed breakout from the lower channel...

AbsoluteAnalysis

On monthly/weekly timeframe, prices have made a channel which is marked here as "Channel on higher timeframe". On small price action, the price is trading in the formation of a pennant. The breakout of this trendline resistance will take prices to the upper side target of $3390 and $3392. This trendline resistance influences the higher timeframe channel, making it...

AbsoluteAnalysis

RBL BANK's price action has completed a rounding bottom pattern. This trade will be triggered by the breakout of the rim, i.e., the resistance line. If this happens, the cup and handle will be invalidated. Target = Breakout Point + Depth of bottom. Another pattern in formation is the Cup and Handle. A cup is formed, and the handle should ideally be 38.2%...

AbsoluteAnalysis

Are we looking at a similar but mirrored bar pattern from 2008 to 2014? Similarities:- 1. Impulse and steep wave. 2. Consolidation in the format of a triangle. On the breakout, we had another fall equivalent to 61.8% of the impulse wave. If we are witnessing the same pattern, then on the breakout of this triangle consolidation, we will have the USOIL prices at...

AbsoluteAnalysis Updated 

Reliance is making a falling wedge pattern, a bullish reversal setup that typically breaks to the upside. A breakout above the upper wedge line confirms the wedge breakout. The immediate target will be the top of the pattern zone — ~1300–1320. Extended target (measured move): Adding the wedge height (~200 points) to the breakout level → Can aim for 1450–1500...

AbsoluteAnalysis

Bearish divergence in SOLARIND is supported by falling RSI and higher prices. The projected targets are key pivots, i.e.,12898, 12641, 12124, and 11411 as T1, T2, T3, and T4, respectively. Stop will be above 13675. A safer entry is suggested on break and retest of 13483.50

AbsoluteAnalysis Updated 

Double bottom pattern in Copper. Entry confirmation when price will close above entry level, i.e., 4.55935 and test this level as support. This is supported by a very slight divergence in RSI. The pattern is invalidated if the recent low, i.e., 4.51510, is breached. The targets are shared on the chart as T1, T2, T3 and T4 respectively.

AbsoluteAnalysis

A bearish divergence in TVSMOTORS is visible. The selling entry will be below the low of the last session, 2815, with downside targets of 2783, 2720, and 2700, respectively. RSI has confirmed the negative divergence with lower lows while price is making the higher highs. If the price opens above the immediate resistance range of 2870 to 2880, the bearish view...

AbsoluteAnalysis

The price is making lower lows, and the RSI is making higher highs, which is a clear bullish divergence. The RSI divergence hints that the sellers are running out of strength. The price action suggests a potential breakout to the upside, but only if the price breaks the resistance trendline with volume and confirmation on a lower time frame by testing this...

AbsoluteAnalysis

Short-term Elliott wave 4th should be 382% of wave 3, and the price is finding resistance at this level. From here, XAUUSD finds a downside target of $3141 as the 5th wave finishes this entire wave pattern. This pattern invalidates if the price breaks the resistance of $3186.50 and entire elliot wave invalidates if it crosses above low of 1st wave.

AbsoluteAnalysis Updated 

The fall of XAUUSD has found support. The potential reversal zone presents a buying opportunity, as it has also completed an AB=CD pattern. Stop will be below the PRZ i.e., $3137-3116.240 All details, including targets, resistance, are shared in the chart. If there is any confusion, feel free to comment.

AbsoluteAnalysis

A clean triangle breakout for MARUTI. The upside target is 13620, and the stop is below the upper triangle line. The entry validates once it gives a breakout and tests the upper line in the lower timeframe, not less than 4 hours. RSI also has space for this price to meet the projected level.