Bitcoin has been in a narrow converging range after the big rally faded. Its been making lower highs but the 5900 support tends to hold everytime. So will the support give away or will it breakout of the recent highs to begin a new uptrend? We should wait for confirmation... A confirmation will be a consecutive 2 week closing above the both trend lines
ITC has been following a narrow pattern with 273 as support. Buy above 279.6 Stoploss 273 Target 291 Sell Below 273 Stoploss 278 Target 265
A break of the rising trendline will mean a serious correction. A break on the upside is also possible.
Bitcoin broke below its narrowing range and trading well below its support. A close below 5800 on weekly charts may take the price to next support which is at 4850 and 3200. Caution if you know any crypto bulls.
Wait for a hourly close above or below the range. Buy Reliance above 1116 Stoploss 1094 Target 1174 Sell Reliance below 1081 Stoploss 1098 Target 1024
Sell with closing stoploss of 1500 Target 1320 1285
DLF made a weekly Head and Shoulder on weekly charts broke down and now retesting the neckline. SEll DLF 172 Stoploss 185 target 128 114 (Positional)
50 DMA crosses over 200 DMA which may signal a near term top and possible correction ahead.
Sell HCLTECH 1013 SToploss 1034 Target 956
possible correction ahead
Plotted Fibonacci retracement for 2016 lows of 6825 and 7893 with 9100 as highs. 10020 on the downside and 10596 on the upside seems to be crucial levels for markets...so crucial they can decide future trend. Wait and watch...
Infosys is in a falling channel and is testing support at 635. Buy at 645 with at stoploss around 635 Target 684
Sell Titan Stoploss 895 Target 745 690 (Positional)
A long term bullmarket in Finance stocks may be coming to an end. LICHSG confirms Bearish Head&SHoulder pattern by closing below its neckline(460). SEll on rallies towards 460 and wait for targets of 398 and 355 on this stock with a closing stoploss above 485
HeroMoto has been in a rising channel for some years and has broken down decisively. Stock closed below its support of 2900. Sell with at stoploss of 2950 Targets are 2710 and 2420 2300 (Positional)
US Index S&P500 broke below its rising channel and went for a retest in yesterday's pullback. A weekly close below this channel may signal a correction in Equity markets all around the globe.
Sell ACC at 1520 SToploss 1550 Target 1384 (positional)