OK_Rane

OK_Rane

Red line with histogram represent Point of control where most of the volume has been exchanged and that particular level coincides with 50 % retracement level. Overall it’s a strong resistance.

OK_Rane

At midnight someone bought it heavily, it had broken the ascending triangle support went to previous low and agin went up. It should hold above 51300. Keep eye on 200 ema at15 mins timeframe prices are retracing back from there.

OK_Rane

Current corona crises is going to crumble the economy more than 2020 and by the end of next month majority of annual reports will be out, those will not be positive at all. Overall we are going to witness disinvestment into the market. I have drawn possibilities where market is going to retest the levels.

OK_Rane

Next few target levels of Cadila, I have drawn rising expanding channel with wave counts. I am really excited for upcoming news. Cipla and Cadila were the two picks from me since the starting of this COVID Era, I knew their capabilities. I expect some consolidation in the stock, till 540-550 and it will be a good buy.

OK_Rane

This is likely to be a C wave structure, once it’s breakout the diagonal channel it is likely to fall at 42000, before that I have drawn few minor support levels

OK_Rane

I have highlighted the support and resistance along with potential target in next 7-10 days. Price needs to be held above 0.67 to reach 0.87 level.

OK_Rane

Green horizontal lines are support zone,Consider 6.75 as stop loss.

OK_Rane

Buy it above 1080, that is immediate resistance above neck of head and shoulder. Target : 1180 to 1190, Duration: 16 to 20 Days.

OK_Rane

Price has reached near triangle high,I have highlighted the Target zone after this resistance of 0.63 level. Duration of trade will be until next 7-10 Days. Xrp has made few acquisitions recently, which favours the bullish sentiment.

OK_Rane

I have plotted the HUL wedge formation with ABC wave structure in ascending triangle. The price is likely to retrace up to 2250 to 2230 in 3-4 weeks then again it will bounce back to previous high 2560 in further few weeks, total Duration of pattern will be 7-8 weeks. Observation: 1. Wedge formation in ascending triangle 2. Price is respecting 50 sma on weekly...

OK_Rane

Price has taken support over 390 with high volume and it is ranging in expanding channel. Take entry at 396 with 390 stop loss, target will be 414 -416. Duration is 6-7 Days

OK_Rane

The stock is forming 3rd Wave Major wave, Volume and CMF is Positive and Momentum is stronger. Target : 162-165, after that you may see some correction. Duration of Trade is 7-10 Days.

OK_Rane

ABCD pattern has been completed, now pattern pull back is likely to be up to 458-462, selling volume is not that significant. Price is resting at support level which is just above 200 Ema. Take this trade with the stoploss of 420 and target is 458-462.

OK_Rane

You can observe the 9 and 200 ema cross over and price pattern has well developed into incline channel. You can also see the 5th wave transition, that is likely end within a channel only. The safest entry will be above 1210, target should be 1430-1440. Keep the stop loss at 200ema.

OK_Rane

= Bullish Pennant formation =Retesting with 50% less volume Stop loss : 930 Target: 1118 Purchase 30% Qty at current price and 70% Qty above 976

OK_Rane

Reasons: 1. Yesterday stock price was refused from 2.61 Fibonacci Level (calculated from last low 350) 2. Price is out of ellipse, wait for 630 level to get break down 3. Volume down 4. RSI High, Lose of strength Trading Strategy Probable short targets with Fibonacci retrenchment and support levels 562 (50%) 522 (20%) 482 (30%) take out the position if you...

OK_Rane

ETH is following ascending channel since its last fall to 86 dollars, On 30th April it tried to break out upward channel resistance but unable sustain the movement and thereafter it is moving downward with slight resistance of trend line that is depicted with green color. The white lines are Fibonacci retrenchment level 0.5,0.61,0.786 that represents 187, 211, 245...