Retest completed at support level around 3290. Looking good to sustain it's level and rally upwards to target 1 of 3380. RSI at a level of 55 is good to go long too. Note: 1) For educational purposes only. 2) Please check before following.
Inverted head and shoulders pattern formation. Standing at neckline. Possible breakout. If sustains level after retest, a good up-move can be observed. Can be bought above 733 after retest. Target 1 - 754 Target 2 - 773 Note: 1) For educational purposes only. 2) Please check before following.
Symmetrical triangle formation. Wait for breakout and retest. Have an eye on volume at breakout to avoid false breakouts. As up and down moves both are possible, both targets are provided at points where some resistance or support can kick in. Targets: Upward target - 2064. Downward target - 1900. Unless any news flows in, a good possible upward movement is...
Head and shoulder pattern formed. Presently standing on neckline at 1382. Looks good to go short below 1358. 1382 - 1358 -> no trade zone. Wait for retest before shorting to avoid a false breakout. Target - 1300 support level. Note: 1) For educational purposes only. 2) Please check before following.
Morning star pattern could be formed. Green candle volume is good thus showing good resistance at support level. No trade zone between 441 and 445. Above 445 looks good to go till 458. Wait for retest to avoid false breakouts. Note: 1)For educational purposes only. 2)Please check before following.
Descending triangle formation. Faced resistance as per trend line. Reds on volume chart are significantly more than greens with better volumes indicating selling. May provide 2 targets if breakout happens. Target 1 - 254 Target 2 - 225 only if breakout occurs. Please wait for confirmation before breakout else could be trapped in a false breakout. Note: 1)Only...
Up move with good strength in volume. Breakout followed by retest. Low reds as per volume chart indicating weak selling. Hence, conviction to rise is high and an opportunity. Looks good to be long above 234. Target 1 - 250 before resistance kicks in. Note: Only for educational purposes. Please check before following.
Inverted head and shoulder pattern? Cup and holder pattern? History repeating? Exponential moving average (5 day, 20 day) forming a buy signal. Important resistance level of 362 broken with good volumes. Can move up until 380.