The price is moving in a Down Trend ,between a Descending Channel perfectly. There may be a breakdown . THERES HIGH PROBABILITY TO ACHIEVE TARGET 1. If the selling pressure remains persistent ,Target 2 can also be achieved. PLEASE BEFORE INITIATING A TRADE CHECK THE TREND BY WHICHEVER SIGNAL YOU RELY ON. TRADE WISELY AND SMARTLY .
BNF has tested major resistance levels and has failed to cross over. There’s sort of Diamond pattern on top trend and can be considered as bearish signal.
Clear breakout on day chart also there’s ascending triangle formation in 15 minutes timeframe . It should reach target tomorrow or day after tomorrow .
Strong possibility to achieve Target 1. If momentum and trend continues can achieve Target 2 as well. One should watch 1st 5 minute candle and then trade for Target. Do not carry forward, for 7th January .
Not much complex, simple one! There’s been an important support zone ,which is successfully tested and passed . Target 1 achievement holds stronger probability, and if trend and momentum continues , Target 2 also can be achieved . Trade wisely and smartly.
The price is currently bound by an ascending channel . Its displaying a very good price action . Very high probability of achieving Target 1 , as it has respected the channel support trend line just above powerful Exponential Moving Average. Confirm the trend first before initiating the trade . I am not hoping for breakout before quarterly results. Trade Wisely...
The price action of the stock clearly states The Trend is Bullish from past few sessions. It’s quite interesting to analyse the chart at such levels. There’s Strong probability to achieve Target 1 in the upcoming session . In spite of heavy volumes coming in, the price action has not given any specific momentum in today’s trading session, other than the opening...
Since 5 Trading Sessions , price was moving in Ascending Channel. During last Session the trend line has been broken. There’s High Probability to achieve Target 1 and bounce back . If the selling pressure remains persistent , Target 2 could be achieved too. BEFORE INITIATING THE TRADE , CHECK THE TREND BY WHICHEVER SIGNAL YOU RELY ON. TRADE WISELY AND SMARTLY
Stong probability to achieve Target 1. The analysis can be active for 2 trading sessions ,depending on the TREND, so follow accordingly. Before initiating the trade, please confirm the trend by whichever signal you rely on. TRADE SMARTLY AND WISELY