USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
UTTAM VALUE STEELS, ADANI POWER LTD, RELIANCE COMM LTD, JAIPRAKASH ASSOCIA, SUZLON ENERGY LTD, TV18 BROADCAST LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Nifty formed a bearish candle from 50% fibonacci level. A short pullback can be expected. Also, the stochastic indicator showed a bearish divergence further showing the possibility of a pullback.
ONGC has hit the first fibonacci level and is expected to retrace from the point since a bearish candle has formed.
Bearish engulfing pattern has been spotted at the top of a rally in heromotoco. Also, there is an immediate resistance at the same level.Both RSI and stochastic have given bearish crossovers. Stochastic lies in the overbought zone.
BOTH RSI AND STOCHASTIC HAVE GIVEN BEARISH CROSSOVERS FROM OVERBOUGHT ZONES. ALSO EVENING STAR PATTERN HAS BEEN OBSERVED AT THE TOP OF A RALLY.
Stochastic has given a bearish crossover from the overbought zone. RSI has also given a bearish crossover of 9-day weighted moving average.
A bearish divergence has appeared in rsi, stochastic as well as macd indicators.
Following parameters suggest a short trade:
double top formation
candlestick pattern-"dark cloud cover"
stochastic in overbought zone
price hits upper bollinger band