Chart Pattern near ATH (All time High)
Three White Soldiers (with decreasing volume) = BEARISH
Wait to see what happens on Monday then initiate the trade
according to the movement. Stock is expected to be volatile.
After breaching 383 & 390 levels, stock will resume its
UPTREND in medium term trend.
1) Formed an EXHAUSTIVE candle on friday. (Neutral)
2) On Intraday chart, stock had a very good opening move, but after SBIN results, (being its peer) it also faced a selling pressure. Due to which short covering was seen, but before this event, stock was enjoying...
Stock might be getting ready to move out of
corrective phase & continue its uptrend
Based on DEMAND & SUPPLY ANALYSIS,
125 & below = strong sellers area, & stock has breached this level.
And trend reversal will get confirmed when it will breach 138 lvl.
It is generally observed that if stock crosses 76.8% retracement lvl,
then 90% of the times, it...
Is it really turned BULLISH?
Facing resistance on 50% fib retracement level @ 1175
Trade with cautious. So much hype is going around on
TV and NEWS
I am bearish on this scrip. Looking for SHORT below 1125 level
1) Testing its ATH (All Time High) level.
2) Perfect 'v' formation @ important level
(which is very very bullish indication)
3) 78.6% fibonacci extension level on WEEKLY timeframe
coincides with ATH. As we know, breakout of 76.8% lvl of
fib extension considered as continuation of the mail trend.
4) Concern : forming DOJI from last two days.
5) Relief : Even...
Ladder formation (Another rare pattern)
Like INFY this stock is also following ladder pattern
but in downtrend.
Generally it is observed that on of these ladder steps,
stocks breaks the channel and moves with tremendous
Is IRB ready for this move???
Bounced back from fib retracement level
& formed bullish divergence. But note,
unable to cross 1425 level
New longs are added today.
If moves up tomorrow then
it will be fueled by strong short covering
Huge addition of OI @ 1440CE. This is only
thing which is indicating bearishness, all
other indicates towards...
Spent last two weeks consolidating between 50% (312) & 61.8%(319) fib extension levels.
go LONG above 316/318 for TG1 330 TG2 340 SL 310 (3pm closing basis)
Strong support @ 312
Lost momentum in uptrend completely, if it wants to continue its uptrend, it should bounce up in next 2-3 days otherwise pullback will initiate (based on FUT OI & option analysis)
Watch for 1210 level
If breaks out of then TG will be 1260
& if it respects the 1210 lvl then pull back will
bring it to 1163.
Observe the volume is high in last two
trading sessions. But indicators showing oversold.
Be cautious when you enter into the trade