200 is acting as support but its been tested too many times...
Lower highs structure is bearish for the stock.
I am betting on it to break and move lower towards 185 and then 175 and maybe even lower.
Invalidation of the structure will be higher low and higher high.
Liking Hcl tech here because its in oversold zone on lover timeframe and also bullish divs on 15 min chart.
It stocks are in selloff phase so its a risky trade. Longing for a bounce.
I am expecting short covering on this stock in next couple of days as lot of call writing has happened.
Stop is 900.
Contra bet in this bulllish Market.
Banknifty chart seems to have topped at 37700. Since then, It has been printing Lower highs with base of 34500 - 35000.
Index must break the lower high formation to turn bullish again Or Break the base of 35000
Index may test Previous All time high of 33000 which also happens to be 61% retracement of the whole 30000 to...
535 Seems to be very Important Level for the time being for Bharti Airtel Stock.
This level has act as resistance and support multiple times.
CMP is 552 and it does not look ultra bullish like last month.
Today ABFRL Chart printed a bullish Reversal candle after weeks of slow bleeding.
Price found a bottom at 97 and quickly got bought up above 110. Sign of buyers interested in the stock at this price.
Few days ago the stock saw massive buy volume when it jumped 10% to 125rs But it was quickly brought down buy sellers and then few days of bleeding...
India cement Chart shows Descending Triangle, Back to back Lower Highs with support at 90.
Multiple Tests will Break 90 and we should see 65-68 if the pattern works out.
65-68 zone is also Historical Horizontal Support area.
Tata motors Daily chart shows that the price is sitting on support at 160 levels.
At the same time, one can see Bullish Divergence which indicates a bounce from here.
If 160 level fails, Stock will find support at 134-140 levels.
Ascending Triangle in the making for BTC?
Setup Void if price falls Aggressively below 4050 without proper bounce.
If Setup works, i am looking for 5k+
An ascending triangle is generally considered to be a continuation pattern, meaning that it is usually found amid a period of consolidation within an uptrend, but it may also occur as a reversal pattern...