We are seeing MTP BD in W with overall DT.
D is breaking a strong ST multiple times with momentum candles, again a nice DT.
Can look to enter using the 75m when it makes a pullup to EMA or D RT. Need to look at price action when it makes a pull up before taking entry.
Monthly is clearly bullish, a perfect Uptrend.
Weekly, we are seeing a CC at EMA +0.5 Fib level with an overall trend being up.
In the Daily, we are seeing multiple RCs at D ST and last candle closing above EMA though with a small body. Would have been better if we had got a good green candle.
In the 75m, price is...
M: SW, Recent DT, Broke 50EMA.
W: Clear DT, RHD, Small Body Red Candle.
D: DT started
75m: Need a clear BD of 1490 to go swing short
15m: DT Started, 50 EMA BD. Can go intra short if price opens below 1508
ONLY IF it breaks below 1490 clearly, I will take a short entry.
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Weekly is showing a halt in the continued DT. Price below 50 EMA.
The weekly zone is proving important in Daily. I am seeing 4 rejections. Yesterday price closed below the 50 EMA. We can see 6 back to back red bars, giving a nice bear picture.
In the 75 min, price broke the level of 467 on 6th Jan and is giving a nice pullback to test it with two wick...
A green hammer has formed at the monthly support. Overall, a heavy downtrend is seen.
In the weekly, the Price turned sideways from a downtrend from April. There is a stiff resistance at 2750. Nothing is so bullish from the RSI.
In the Daily, price has broken the Trend Line...
The weekly price is at a strong support now. Momentum of bears seems to be losing.
In the Daily, we see a Bullish Divergence with the RSI on 13 Dec and 16 Dec. In the 75 min, TL is broken, but not with conviction.
But, since RSI is oversold everywhere, I would love to go long...
First time since 4th Dec, the price is about to close above EMA. Stiff Support is being faced at the psychological 14000 level. The trendline has been broken with a retest. Plus, we see a Triple Bottom. Entered long at 14200 with SL at 14000. Can look for big targets as higher Time frames are bullish
Weekly has a double bottom and a recent Higher High. But, predominantly, it's a Downtrend. There is a wide bearish RSI divergence too. Price is hovering at an important level.
In Daily, nothing is supporting. There is a break of Trendline, but not convincing.
75 min is...
The price is at a very crucial zone in the Weekly. A mountain pattern is forming in the Weekly. You can call it Head and Shoulders. Facing stiff resistance from the Weekly area.
In the Daily, the long term TL has been broken comfortably on 2nd Dec. The recent trend was already down. Price is seen moving in this parallel...
We can clearly see the price struggling to breakout of the Weekly Levels. In the Daily, we can see a Negative Divergence with RSI (orange line) followed by Double Red Inside Bar. If today, the price breaks below the yesterday's range, we can expect quick down move.
In the monthly, we see strong upmove towards the monthly level. Nothing so bearish.
Weekly is coming from the Monthly resistance. Also, we see a break in Trendline in the Weekly. Bias shifts towards weakness although there is a nice uptrend which may even continue further.
Monthly is clearly bullish with great momentum candle breaking out of the monthly resistance. A double bottom can also be spotted.
Weekly too gives a positive picture. Price has broken out of the resistances and smashed them. A pullback from this nice uptrend can be seen to test weekly support.
With a bearish bias established in Britannia through my earlier post, I am seeing an interesting intraday opportunity to short today. In 15 min, there is a good upward rejection of EMA and Pivot and a subsequent engulfing red candle. RSI Hidden Bearish Divergence also supports. EMA crossover has already occurred far back and trend is on our side. Will look to...
Writing it in live markets.
Weekly at resistance. Red small candles, clear rejections and a bearish hidden RSI divergence gives me a clear weak bias in the weekly.
Daily forms a Double Top pattern along with a weak Trendline break. Need a break below the support (Orange line) for swing short.
Weekly is in a nominal uptrend. The last candle however, broke below the support of 253.
There's an Ascending Triange (orange) breakdown in Daily which coincides with the Monthly Support (blue). I had already caught a couple of short trades in ITC using the aggressive 75 mins (Ascending Triangle) . ...