VijayBabuA

VijayBabuA

next support seems to be available at 3500. however it can trade in the range of 3500 - 4500 for some time. one can enter at 3500, for shorter gains.

VijayBabuA

it has formed H&S on daily chart. 1000-1100 zone going to be crucial to decide consolidation/rally/fall. any rejections at 20DMA may bring to 1000 levels again. this script has to be in watch mode.

VijayBabuA

it is ready for weekly breakout. hovering just below resistance levels. on daily time frame, it hasn't retraced below 38.2% fib retracement levels. breakout on daily timeframe will bring potential upside upto 310.

VijayBabuA

it is better to exit any rally in this counter. falling bar volumes are high compared to raising bar volumes on hourly time frame. it's vice-versa of what we have seen during rally. 1000 level could be crucial, it is most likely to fall.

VijayBabuA

1000 level going to be crucial, any break down will open up 20% downside.

VijayBabuA

it has broke down 500 levels. lets wait for weekly close for confirmation. if any rejection at 500 levels will open up 378 levels.

VijayBabuA

it has formed indecisive candle on daily chart. Any rally can take it upto 530 levels. however rejection at 530 levels may bring new lows. Weekly RSI has fallen below 60 levels, indicating lost momentum. interestingly monthly chart forming evening star. wait till month end for confirmation otherwise a rejection at 530 levels shall confirm bearishness or...

VijayBabuA

LTI at weekly breakout level. we can see some pull back from here.

VijayBabuA

rejection from 20WMA. weekly trend LH-LL. 15% downside from current level is clearly visible

VijayBabuA

it has formed double top with bearish divergence, it can fall upto support trendline. which is 15% below from current levels.

VijayBabuA

it has brokedown weekly swing low. 2900 - 3500 would be the zone of consolidation. rejection from 20W MA and formed at new low on Weekly chart. RSI at at 40. will test previous low of 30 levels

VijayBabuA

it has been consolidating for a quite long time. above 450 can open-up 500 levels. above 520 shall be bull trend January has recorded as highest volume month with a peak of 458. Weekly volumes are clocking above 20WMA average volume.(Green). Morning star was seen on monthly chart ad 20M MA.

VijayBabuA

it has formed double top on weekly chart and broken neckline downside. 1400 looks on the cards. which also matches with Fib retracement of 38.2%.

VijayBabuA

it has formed flag pattern on daily chart. price is near 52W High. on monthly chart, it is 10 year breakout. 200 looks easy for this. any pull back toward trendline can be brought. Monthly RSI crossing above 60, indicating more bullishness.

VijayBabuA

RSI is consolidating between 55-60. Trading above 20DMA. consolidating above 20DMA with low volatility. closing above 183 can give rally toward ATH on daily chart. R:R is 1:3 Monthly chart looks more interesting. ATH breakout on Monthly chart will pullout further rally

VijayBabuA

it is hanging above 20DMA. looks like inverted H&S on daily chart. if it doesn't sustain above 20DMA, we may see right shoulder. it is making lower highs and lower lows on daily chart.

VijayBabuA

RSMW making higher lower and ready for breakout. above 460 level, can make ATH. RSI Just below 60 levels.

VijayBabuA

it has retraced to 38.2% level on weekly chart. formed hammer on weekly chart at 38.2% fib retracement. on daily chart continuous downtrend. closing above 500 on weekly basis will make it attempt ATH.