AbbottIndia has broken upward from a triangle pattern and price is current at retest zone of previous resistance and falling trendline. a 1:3.6 RR trade can be initiated entry 17950- 910 ( flip reaction level) target 19428 ( nearest supply zone) sl 14478 ( close below the falling trendline) key levels 17253 ema 21 19000 psychological and option barrier level
ABB has created a HH-HL structure with tiny flag channel at top under formation, pole length ~300 indicating very bullish target of new ATH on horizon. key levels to watch recent HL 2014 support 1889 close resistance 2336 next supply zone 2400-2668 EMA 21 2220 could be reaction level trade setup 1. if market remains bearish then put can be sold below ema 21 as...
Welspun is approaching ATH levels that could act as resistance in short term however the bullish momentum will resume after a pullback to breakout level of 208. view negates upon weekly closing above ATH and below 188 ( swing low)
a major range breakdown in silver, next support 18.6
gold is at critical level of rising trend line, watch out for reversal or breakdown for further trend and trade
whirlpool has broken the channel on downside .... wait for closing below for a further selloff
Sonacom has broken falling trendline with positive RS and rising RSI. swing low of 620 is stoploss.
hidden bullish divergence has formed on daily chart with respect to RSI, wait for price breakout of triangle consolidation to initiate any long trade
price has taken out swing high and retesting the levels, good price band to accumulate for very long term
as reliance crossed ATH with relative outperformance to nifty, a bearish divergence is spotted in RSI ahead of results. not a short opinion but a caution to book profits and if any short develop then go for it.
bullish flag breakout in avadh sugar pole length 271
SRF is in uptrend with price breaking out previous swing high with positive RS but it is done with a divergence on RSI so 2621 level on closing basis is now crucial to validate this breakout, if sustained long trade can be initiated else could correct upto 10 %.
aggressive buying in PK Tea price crossed last swing high and short/long term moving averages, wait for 353 cross and close along with golden crossover for fresh entry RS turned positive
weekly demand zone at 12962 provided a buying with a breach of 21 dema and last created supply area, thus confirmation of sustained buying from zone. candlestick too form N reversal at demand.... a bullish sign. The way forward:- it is in a weak supply zone with a small supply zone of 14590-14675 over head that may pushback to 21 dema for further rally to...
DXY is stuck in range 95.5-96.7 although making bullish structure and a possible inverted head and shoulder pattern with depth of 4 points eventually, if triggered, breaking the range for 100. the trendline already faked out once could still act as a support for last time. Key levels 96.295 close above it means smaller range breakout then range shifts upward with...
Zinc has broken out of range with higher volumes and retest with lower volume. after nickel another commodity breaking out
Sharda cropchem has all positive indicators and price broke ATH levels, an ATH close will further fuel rally
TSLA looking weak and likely to test swing low and complete ABCD harmonic with overhead resistance