UnknownUnicorn4260559

UnknownUnicorn4260559 Updated 

Auro Pharma is trading in the range shown by trendline on chart. It has bounced 3 times (up arrow) from the support line of consolidation zone. RSI is also in oversold territory and has rebound from below 20 to above 20. Any correction towards 695-690 range can be used to initiate buy position with stop loss below 668 for target 732- 755 on up side.

UnknownUnicorn4260559 Updated 

Yes Bank is trading near it's previous low of 147. Strength of seller looks weakening as -DMI has crossed DMI signal line to the downside. One can initiate buy position keeping SL at 120 for delivery buy and 145 for intraday trade.

UnknownUnicorn4260559 Updated 

Crudeoil has come out of upward moving channel on lower side. Target of breakout is $56. It has also formed triangle after breakout which is a continuation pattern. It is expected to fall on break of $ 60.50 for target of 56.50 and stop loss of $ 62 .

UnknownUnicorn4260559 Updated 

USDINR is looking positive on daily chart. 5 DEMA has crossed 13 DEMA to upside. RSI is also in control and moving upward. It is trading in parallel channel. Resistance of parallel channel is placed somewhere near the 70.50-70.60. It is well supported by 38.2% retracement level of entire fall from from 74.52 to 68.30 which is 70.68. It is expected to move upward...

UnknownUnicorn4260559 Updated 

We do no track and suggest Bitcoin to our clients. However, those who have already invested at higher levels and still holding position can continue to hold. 10 WEMA has crossed 20 WEMA on upper side which signals bullish trend in medium term. It has come out out of channel pattern on log scale with huge volume. As long as 4400 is protected on closing basis, trend...

UnknownUnicorn4260559 Updated 

After falsifying the inverted head & shoulder breakout, BEML is moving towards the lower end of channel which is also near to 38.2 % retracement level of entire rally from bottom to nearest top. 795 is the support on daily chart. RSI is in oversold territory. BEML has a tendency to revert towards 10 DEMA after 10-13% correction in price. Considering 10 DEMA,...

UnknownUnicorn4260559 Updated 

Advance Enzymes has saw two types of breakout on daily chart. First breakout is from falling wedge (bullish) trend reversal pattern with huge volumes. Second breakout is from parallel channel (black line) but not supported by volumes. Both the reversal have happened on log scale which is used to gauge the long term trend reversal points. On weekly chart, 10 WEMA...

UnknownUnicorn4260559 Updated 

PNB had given breakout from the inverted H&S with high volumes. Target of the breakout was 112 but counter retraced from 100 and again cam back to 87 level. Counter should take support around 84 which is 38.2% retracement of entire rally from 58 to 100. After 84 , next support comes at 80-81 range which is also a support of neckline. As counter drifted down from...

UnknownUnicorn4260559 Updated 

As evident from the daily chart, we are seeing 70-80% mirror type image and situation in Nifty. Index gave negative cross over on ADX (-DMI crossed DMI line to the upside) on 11-Sep-18 and after that market fell by more than 1250 points. It didn't hold trendline support and kept falling. 10 DEMA had already signaled negative trend when it crossed 20 DEMA to down...

UnknownUnicorn4260559 Updated 

CNX IT has broken out of very short term uptrend with huge gap. Breakout gaps are normally filled over a period of time. It has already come down below 20 DEMA. Stochastic is showing downward momentum and still some heat is left for seller. Traders can initiate short in CNXIT at cmo 16145 and on rise towards 16240 with stop loss above 16400 for target 15830-15760....

UnknownUnicorn4260559 Updated 

Pharma look short as the 20 EMA has crossed 10 EMA on the lower side . 9340 would act as a resistance on the upper side and 9070 would act as support on the lower side. Stochastic is also pointing correction in CNX Pharma.

UnknownUnicorn4260559 Updated 

EURINR is on short term recovery path after giving breakout from Head & Shoulder pattern. Falling trend line suggests upside is capped at 78.90-79 region. 5 DEMA is still below 13 DEMA .Today's close above 78.20-78.25 may turn it upward. As long as 80.40 (38.2% retracement of entire fall) holds on daily closing basis, we can expect pair to pursue H&S target of 72....

UnknownUnicorn4260559 Updated 

Reliance has triggered sell on ADX and the strength of downward move is strong. 1238-1240 would act as support as all Indicators are oversold on hourly chart. However, bounce from the support is likely to face resistance at 1275 & 1290 zone. Any rise towards 1275 can be used to initiate short with stop loss above 1310 for target of 1195-1186( long term support...

UnknownUnicorn4260559 Updated 

Buy Tata Motor at 187.50 stop loss 184.4 TGT 195.

UnknownUnicorn4260559

Nifty has achieved target of inverted H&S. Very short term moving averages are pointing towards downward momentum to continue. We expect market to move downward as long as 10425 holds as a resistance for intraday trading. Overall, 11650 would as a major reversal point for upward move. Till the time all rise in index might see creation of short position. On lower...

UnknownUnicorn4260559

Gold is still trading in the $1265-1300 range. It has taken support of trend line after the emergence of positive divergence on RSI . 10 EMA is still trading below 20 EMA which shows the negative trend is not over. We'll wait for breakout from the range to decide future course of action. Till the time, we'll remain on side line.

UnknownUnicorn4260559 Updated 

Nifty has broken out of Inverted H&S pattern plus consolidation in between 11550-11780 (11856). RSI on 15,30,60 minutes chart has entered into oversold territory. Normally, in such steep fall, we do not see any recovery as momentum of the fall has suddenly increased. So any attempt by buyer gets blocked by sellers who have got upper hand. For tomorrow, trader...

UnknownUnicorn4260559 Updated 

As it is evident from the daily and weekly chart, BEML has formed inverted H&S pattern. Breakout took place sometimes in the past but target of the pattern 1300 + is still to be seen. 938-927 would be the range to buy with stop loss below 900 ( daily closing). The best part is H&S which is a trend reversal pattern has been formed after a multi month bearish trend....