Levels and reason on chart. For Free economics learning - follow my blog - www.economics4u.org
Based on Pring KST and 20 sma, intraday target of usd - 70.50 positional target - 70.20'/69.79/69.40 CMP - 70.774 (at the time of writing this trading idea)
Crude Oil looks bullish on 15 min charts, with a target at 60.69 USd. All details on chart. Demand and supply zones will be perfectly respected.
Reliance at a make or break point. Any positive closing can bring reliance above 1260 levels and any negative closing below 1170 can drag it down to 1112.
INR looks to get stronger on the back of a rate cut by the US Fed, coupled with rising short term optimism, though the long term outlook for INR is grossly negative.
With a good enough consolidation on the charts, showing accumulation at the levels of 10200-10500, long targets of 12500/13900 are valid on BTC. Expect an upside price volume breakout soon enough.
All details on chart - Corrective wave C in progress now.
BnF has reversed from the .78 fib retracement in a classic channel. It is all set to touch the support of 25400. With the last election budget coming up, this doesn't seem far. A massive sell-off is enough.
KSCL is forming a bullish cup and handle, with the election budget in mind, ca n go long for decisive returns.
S&P 500 index is at the verge of a flag breakout on the 15 minutes TF. Targets are near 2570. Wait for confirmation by the next candle, and a mostly probable retest of the resistance turned support before entering.
USD INR looks to go down till 69.115.
ICICI Bank is forming a bullish white swan on the 30 min charts, and is expected to hit 352, before bouncing off to 370+ A good options trade can be taken on this basis, on the Jan'19 series. . . . . . . . . . Kindly consult your advisor before taking any decisions. We teach, and practice what we teach ;)
ICICI is forming Inv HnS with favourable volume profiles, favouring the long side breakout, as already given in a previous analysis (used harmonics last time)
Nifty index, has formed a bearish correction wave after the completion of the impulse wave that started at the end of the 2008 Crisis, pushing equities higher and higher. NIFTY looks to make lows at 9800 or even drift lower as time passes. With elections around the corner, it doesn't seem that impossible either. SO, keep your positions light and breezy in the...
Raymond Ltd is forming a bullish cypher pattern, with target of 1000+ positionally, making it a good buy at the CMP of 822.3 DYOR
ACC limited looks to complete the HnS pattern in the hourly charts before showing a definite movement.
BnF looks like it just broke the support of the small channel that was made between 27120 and 27180. See the first two candles and decide whether to go long or short. The Risk-Reward in short is much better than long side. So, i go for Short. If it breaks 27090, on the 10 min candle, gap filling followed by fresh shorts (In the volatile market that we have, with...