Bitcoin just retested its all time high range and recorded an inverted hammer in the supply zone (Weekly). Clear distribution is seen in lower timeframes like 4 hours and 1 hour; many patterns are identified. If these patterns were identified without the weekly inverted hammer, then we can consider long. But in this case, its clear indication of distribution.
CIPLA which was travelling within a parallel channel had just broken out and closed higher for the day. Going long from here, one can hold for the target of 940 ranges. If anyone missed this break out, not to bother - can wait for a retest & reversal around 850 to 845 ranges and enter there. SL for this breakout shall be below 834
AUROPHARMA which broke out the wedge pattern flew up till 998 and then decided for pattern's retest. The retest was successful and recorded a sharp reversal. One can use this opportunity and go long with a SL of 941 and below. The longer target for this breakout is at 1090 ranges. Getting some quantities of AUROPHARMA in cash market is also a considerable investment.
MCDOWELL had just broken out and closed above the resistance trendline in daily timeframe. One can use this opportunity and go long by opening or wait for a retest and reversal around 625 ranges in hourly timeframe. Target for this breakout shall be 665 to 670 ranges and SL to be maintained is 614 ranges.
The price is taking considerable resistance against the dynamic resistance/trend line.
A strong price rejection can be seen in 4 hours time-frame. This could attract more sellers or even make the existing buyers to change side.
Overall a channel is formed. However, we can see more or less similar volume of buyers and sellers during both corrective and impulse...
The price is consolidating near the recent resistance zone of 1.685 to 1.705.
This implies buyers were able push the price till resistance; but sellers are not strong enough at the resistance point to push the price lower.
But, buyers are able to hold it higher. Anytime the price can burst to next resistance of 1.768 to 1.778.
Hence buying is recommended at...
If price trades below $21.90, selling is advisable. Heavy sellers dominated from $26 to $20.77.
Then buyers were able to retrace only till $23.60 - the recent high.
Price is taking a dynamic resistance of 20 EMA - which is kind of strong trend indication.
First Opposing Force for this fall can be expected around $20.25 to $19.70; further price can test $18.60 as...
Ascending triangle pattern is seen in NG (like in crude yesterday), this implies buyers are in control.
The price comfortably closed above the triangle's top (1.730 zone).
Buyers can push the price higher from here till next supply zone of 1.825 to 1.850. Post which they would take a breathe or rest - will be decided later.
As of now, its a temporary buy.
Ascending triangle pattern is seen. The pattern is broken at top and we can expect the price to travel till $27.50 ranges.
This could be a temporary push; after testing the $27.50 ranges, price can fall further - either till previous low or even below. Lets wait and see.