Price will reach the marked Monthly Demand Zone and then move up
H&S pattern formed after reaching the Weekly supply zone, will test the below marked Demand zone and then move up
Price is at Strong Demand Zone. Price is the testing this major resistance turned support for the first time, so major probability is it will not break, unless there is some insider news about the company fundamentals. Can be accumulated for Long term at this Discounted Price in the Demand Zone, as it is a Strong Fundamental Company. PS- I am not SEBI...
Be Cautious Long Position Holders in Muthoot Finance If you have any Open Long Position in Muthoot Finance, keep eye on the price movement in the next week. Major Monthly Support has been Breached. It has been tested multiple times in the past few months, so major probability is it may get broken now fully. Moreover, it shows probability of Death Cross. 50 MA...
Death CrossOver :- 50MA falling down 200MA ---------------------- Price broke the Major Support and going down. Large Volume Selling can be seen in the last two days, Bears are in the Driver Seat now. So, not advisable to take Long Position now. One, Two green candles may form now as Pullback Bull Leg, so be cautious for taking Long Positions. Next Major...
Stock- CAMS Death Cross is observed in Daily Time Frame. 50MA has crossed 200MA from above & now 200MA is acting as resistance, It has formed like Double Bottom and rose up and gave breakout above the strong resistance and the resistance trend line but during reversal from bottom, no consecutive big bull candles are formed like the big red candles while going...
Reliance Monthly Chart is forming Cup and Handle Pattern