Nifty50 formed Evening Star on trend line resistance and closed below 20 DMA can go to test 50 DMA
BankNifty closed below 50 Dma and generated a Hikkake Sell Signal
M&M has given falling wedge breakout. Key Fibonacci levels marked for targets
#DowJones targets should hit 30700 but 24k first
#Reliance short target 1138 to complete the Cypher which 0.786 fib level of X-A. When completed this would be a Bullish Cypher so we can go long at 1138
#UPL is a short candidate for me text book bearish butterfly pattern complete last 2 days candles long legged doji followed by shooting star CMP 869 #Nifty50 #NiftyFutures #Banknifty #niftybank
Cypher pattern Bank of Baroda
Larger trend is down :(
1) Bear Flag 2) Head and Shoulder 3) last 3 weekly candles Shooting star, Hanging man & Bearish engulfing 4) Negative divergence on RSI 5) Stoch RSI in over bought zone. Veiw negated at close above 11200
Bearish divergence on weekly chart and last 3 candles tweezer tops followed by hanging man I am out
NSE:PAPERPROD Paperprod bouncing on long term support of a parallel channel. Huge Volume increase. Going long with target of upper end of the channel;
$XEM Bullish Divergence. Launch of Catapult blockchain shoudl catapult it to All time highs
$IOST 4 hour and 1 hour charts showing bull flag. It wouls soon start a second leg but needs some RSI cooling down first. If you are not in yet can stack buy because oversold rsi may give chance for better entry. But it would take off soon keep on tha bull flag break out
$BTC is about to break major support line target $5000 if broken Next support at $7800 then $6000 and final at $4800