flipped resistance and support, need a break on closing basis for fresh direction.
it could form a double bottom or breakdown from here. either way possible 10% move
Learning harmonics (in kindergarten) Bearish Shark could form in Nifty.
KIMS broken out of handle correction phase. Depth of cup 322 in 114 trading sessions
1. Price has given a breakout on closing basis 2. RS positive, uptrending and close to high 3. RSI uptrending, nearing 70
Radico Khaitan tried to break the range with continuous momentum backed with rising volume. RS and moving averages are positive bias. Need a close above 1215 for price to break out. Price has crossed closing basis resistance which will strengthen any move upward.
Praj is in falg correction on monthly and in a 100 point range on weekly time frame. Currently price has retested lower band. Key levels 1. Upper band of range 410 2. Resistance 350 3. Support 292 PS: 10x pole length (43 to 410) breakout may see 2x in long run
double Inverse head and shoulder breakout on Deepak nitrite Key levels 1. pattern depth 400 2. Breakout level 2372 3. Resistance 2700/2847 4. Support 2275 Good RR 1:3.5
barring the negative news and hysteria, there is lower low and channel support Levels to watch 156
Market is yet to make a significant higher-low on higher timeframe. the current correction could end with confluence of 13 Mema, DZ and 23.6 retracement of corona rally.
at inflection point, a close above trendline will strengthen structure for far resistances
PNB has broken long term channel on lower side, not a good sign in short term if retest doesnt break above. levels to watch 1. view negated when close in channel 2. short below 36.75 3. nearest support 35.5/33.5/31.5
bearish flag on EURUSD chart .................................................................
AB Cap brokes falling trendline and closed above donchian channel with above average volume, script to rise to next level of resistances of 125 and 135 in short term.
CNX 100 has made head and shoulder and is again making the same with probable target of major breakout level of 16200
downward sloping trendline is broken with volumes and indicator support from RS and RSI, now upward sloping trendline could act as a support.
1. a probable rounding bottom on long term 2. in uptrend higher highs and higher lows in staircase pattern from corona bottom in march 2020 (ATL not broken) 3. level of 800 is held post breakout 4. probability of carrying the same pattern with resistances marked on charts that could act as top of stair 5. rising trendline key levels resistance...
Recent months have seen a major correction in most of the emerging markets across the world. As per this basket chart of index the fall has reached COVID 2020 bottom, a reversal or consolidation to follow. If broken many overstreched markets could enter short term bear market