This stock has formed very good flag pattern on daily time frame and yesterday's candle has given breakout, but volume is not satisfying intensity, but above next small hurdle, stock can show good momentum. scenario macd in weekly turned and uptick macd in daily positive and uptick rsi in daily above 60 and uptick Disclaimer i am not a sebi registered analyst...
Cipla, this stock has witnessed long consolidation in wave II and it closed below 50WEMA for a brief while, and also closed below good support level, and then stock has witnessed sharp pullback, fortunately, we can say that it was fake break down. In terms of wave counts, the stock is in circle wave 3, within that it is further getting subdivided. wave II of 3 is...
One can go long in this stock at current levels or in dips (if any) with stop loss of 4640 levels all the key levels are mentioned on chart macd in 2 hours positive and uptick macd in daily uptick rsi in 2 hours is above 60 Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before...
Important levels of Nifty spot chart are mentioned in chart Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing
Important levels of Nifty spot chart are mentioned in chart Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing
The human Behaviour in Relation to money is always dominated by fear, greed and hope. Candlestick analysis will help us to understand these changing psychological factors by showing us how buyers and sellers interact with each others. 1) It is considered as a visual representation of what is going on in the market. 2) By looking at candlesticks, we can get...
Wipro has shown good strength and featured in the list of the strong stocks in the past 10 trading sessions, If we look at the setup, the stock is trading perfectly within a channel. Recently, it took support at the lower end of the rising channel and has crossed its key hurdles, The upper of the rising channel is around the 850 levels. In term of wave counts,...
Hello Friends, Trendlines are one of the best part of technical analysis, see how resistances turns into supports, and supports turns into resistances. One can start with practicing with Trendlines...! 1) Trendline is the base for all the technical patterns. So pls start practicing drawing trendline charts and then slowly move to next patterns. 2) Practice...
IEX has given Breakout from (0) and (B) trendline with good intensity of volume in daily time frame, Wave structure is also suggesting impulse move ahead, Now wave 4 has seen a long consolidation and we may be ready for wave 5, as wave 5 unfolds we may go towards 350 and 380 plus areas, All other indicators like macd, rsi, dmi adx, bollinger band, and stochastic...
This stock has been consolidated for two months long period in a very narrow range, recently it gave a fake breakdown and again bounced back towards resistance area, along with rsi positive breakout above 60, and macd positive crossover, if it breakouts resistance zone above 644.50 then it can make up move direction towards north, towards 750 range. after...
This stock has given good breakout of double resistance trendlines along with good intensity of volumes, all other indicators are also suggesting for upside, one can go long at current levels or in dips (if any) with mentioned stop loss and targets on chart. wave structure could be like this key levels are mentioned on chart breakout with good intensity of...
Case study of DISHTV for Educational Purpose. This stock was facing resistance at particular level since last 2 years, and also got consolidation in parallel channel from last 1 year, now Stock making higher highs and higher lows ( Up Trend ) each and every time when price was correcting, the Volume was decreasing, which can makes conviction towards...
The metal index is now falling in a-b-c like most of the moves since May 2021. Here break of the rising channel means we go to test the previous swing low near 5268 and if that does not hold then (c) equal to (a) is at 5090 as the nesxt support level. Each set of abc can be marked as W-X-Y-X-Z. macd in weekly is negative and down tick MACD in daily is negative...
One can go long at current levels or in dips (if any) with stop loss of 5880 for targets of 5990, 6050, 6100, and 6150. Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing I am not responsible for your profits and losses
Aarti Ind. ltd. This stock has taken Resistance twice at same level, then it consolidated as a parallel channel at that same zone, and then it given good breakout from parallel channel along with good intensity of volume, Now it has retraced almost 78.6%, co-incidentally (1) same resistance zone, (2) Parallel channel's top, (3) Support trend line and (4) 200...
Reliance went below the 40DEMA but it has made a comeback after touching the daily lower Bollinger band. More importantly, the daily trend indicator MACD has now turned towards bullish, but still crossover is pending in daily MACD, Overall chart structure suggests that wave 5 can be possibly unfold now. As per Elliot waves guidelines and fib levels principle it...
M&M, This stock has taken support from lower Bollinger band and 40DEMA in daily time frame. This stock has given breakout from resistance trendline in daily time frame along with good intensity of volume, also same candle closed above 20DMA. Wave structure is also suggesting and supporting same view to go long. Indicators supporting are mentioned below in snap...
Only for Educational purpose. This stock TCS is right now in good area where buying could be initiated, we have noticed that the price is right now at lower point of parallel channel in daily time frame, where demand zone is also co-incidentally matches and 200DEMA is also at same level of that area zone, but its not confirmed yet to go long, if any type of...