Cocos has been trading below 200 MA and it also broke the 50% Fibonacci level. The next level to watch is 61.8%. If cocos doesn’t sustain near given 61.8% zone we can see bears getting in control. Trade safe
Enjoin coin was moving in uptrend making HH,HL. At the breakout of channel , Enjin retraced back from Fibonacci 38.2% level which is always consider as a good reversal sign. Now here a catch, if Enjin had to continue the uptrend it would have not waited in range market. Enjin on other hand is also sustaining below 200ma which indicates bearish control or bearish...
ETH/USDT has been trading above 200 ma and formed a bullish pennant pattern. Bullish pennant price pattern is uptrend continuation pattern & Ethereum broken the resistance level with good increase in volume. Those who are already in position or planning to enter can enter which half quantity and later see if ETH is retested this pattern. If it does, we can add...
Ambuja cement has been trading in a Rangebound market for a long period of time. Zoom in on higher time frame and we can look that every time when the price of the stock comes near resistance, there’s a good reversal happening. Historical data suggest that same might repeat again only if there’s a good volume. Also to check how much this trend can continue we used...
If TATAMOTORS break above 200 MA and sustains well with good volume look for long setup because we can expect the price diff of same range (Plotted on Chart). Fibonacci 50% will be first target & 61.8% second target. Trade safe.
Tata motors is trading at a crucial level. Looking at the chart, the price of stock is trading near 200 MA. There were very few data available on 15 min but after looking at bigger picture we were able to plot two good points for shorting TATA motors. 1) On bigger time frame , 45 min or 1 hour chart , stock is trading below 200 MA, indicating bearish trend. 2)...
Banknifty is forming a head n shoulder kinda price action pattern. Wait for the neckline to be broken. As almost half of the days done, we expect this move for tomorrow. Trade safe.
Banknifty had broken its major downtrend channel. It’s also sustain below 50% Fibonacci level on its major downtrend. US bond rises again and it affected the USA market while closing. Historical data sys, whenever this news has affected USA markets, there were selling seen the next day in Indian market. Bank nifty closed in rangebound market & any side breakout...
Looking at SBIN on 15 mins chart we can observe that, every time SBIN comes near the resistance, there a good selling with good volume. Same has happened today. We can see a good reversal , engulfing candle & good selling volume from same resistance level. Look for short opportunity once support of the trendline is broken.
Nifty has broken its major resistance trendline & changed its trend from bearish to bullish. It tried breaking the Fibonacci 61.8% level but couldn’t break it. We can also see a possible cup formation. Price has been trading inside the cup we made on chart. If nifty trades in range for tomorrow we can confirm that the cup n handle pattern is completed and a...
EGLD/USDT has formed Bullish pennant & also broken the trendline with increase in volume. Look for long opportunity. Trade safe.
Ava has broken a downtrend channel and has changed its trend. $34 is my first target. Would add more quantity if it sustains above 200 ma.
Federal bank has been trading below 200 Ma. According to the price action we can see a falling wedge pattern which is a uptrend continuation pattern. Plan your trade accordingly. Look for long setup only after breakout of Wedge pattern.
Theta/usdt trading at above 200 Ma, indicating bullish momentum. We believe theta can test the support level again and form a reversal W pattern.
ETH/USDT has been trading below 200 ma and formed a bearish continuation pattern called being rising wedge. Rising wedge can be formed in uptrend & downtrend too. As ETH is sustaining below 200 ma line , it indicates that bears are in control & we can see some more fall. Levels are drawn for trades. Look for shorting opportunity once support of the rising wedge...
LONG - Mostly all of the index, stocks are trading near the Gap up area that was occurred with Budget day news. We think it’s very very crucial support because it has been tested multiple times on smaller as well as bigger timeframe. Very crucial situation but there’s few points that indicates that we can see reversal from the current price. 1) MACD DIVERGENCE 2)...
We are still long on NIFTY50 but we wanted to post for selling scenario too. If Nifty50 doesn’t sustain the bullish pressure near the gap fill area and break the support , we can definitely see NIFTY50 in bear mode. Plan you trade accordingly. Because there’s no immediate support and Nifty50 if falls can give you 400-500 points.
LONG SCENERIO - Nifty50 has been trading in a very crucial level. The gap up from 2nd of Feb (Budget day)has being acting as very crucial support & seems to be like big players spot. Well we wanted to know if NIFTY has a momentum while giving reversal from support & we plotted a divergence that has occurred near support area. Note while doing analysis, we also...