VijayBabuA

VijayBabuA

it has formed double top on monthly chart, and currently at support level. if 20M MA is broken down, double top pattern activates. let us how it plays.

VijayBabuA

it is nicely consolidating between upper & lower trendlines. for the last 1 year, it has been consolidating within 25% from peak. respecting upper and lower trendlines well. just took the support at lower trendline and bounced from there. breakout expected soon. triangle look a like pattern, but not exactly.

VijayBabuA

it shows positive divergence on daily chart. some pull back expected, 7-8% from here on. resistance trendline still intact.

VijayBabuA

it is breaking inverted flag downside. keeping watching.

VijayBabuA

looks nice R:R setup. we can go long towards moving average for 15% upside.

VijayBabuA

Weekly support trendline is placed at 85 levels. Double target is 90 levels. oversold on weekly chart. we can expect a short term rally on towards 20WMA.

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.