Currently it has given a breakout. Wait for daily close. 5700 is the target. Observe the pattern and trade accordingly.
Look for buying opportunities till 714. And again after 714.
Silver 🥈 has broken out of a beautiful pattern. Look at RSI for trade call.
DRREDDY has broken down the crescent moon channel that I was following since Aug 2015. Market is also hyper bearish. Look for short opportunities. Target 1: 1170 Add more short positions on close below 1170.
OIL INDIA followed trendline from 30th August 2024 to 31st December 2024 (for 4 months) and has given a breakout. From 2nd Jan to 23rd Jan it followed the box and couldn't show strength and lost momentum on 24th Jan. Plan trade accordingly.
There are 3 levels of resistances drawn. 1st - 23270 2nd - 23600 3rd - 24000 Look for short opportunities at momentum loss at any of these resistance points.
Bitcoin is showing resistance currently at 108339 last month and 109327 this month. Historically in monthly chart whenever the price touched the trendline, the price has seen a reversal. Stay alert new investors and traders.
Cipla has started the bull run after daily breakout on 19th Dec and completing 0.618 level fibonacci retracement on 26th Dec.
While XAB clearly adhered to rules of Bearish Cypher pattern, BC did not hit inverse fib ratio 1.272 of AB. Observations 1. The price precisely touched 0.236 Fib level and bounced back. 2. The retracement level drawn from X to C, the price closed above 0.382 Fib level at 2,076.75 which makes it a key support level. Bullish Breakout on daily level. Double bottom...