Previous trend: Down Trend (66 to 11)
Present trend: Consolidation (price has again tested Neckline)
Support: 23.90 and 16.10
Resistance: 36.55 and 49.15
Reversal Pattern: Inverse Head and Shoulder
Volume: highest volume of 2.7 mn on the day downward trend line broken.
Price invalidation level/stoploss: 22 on Monthly Closing Basis.
Disclaimer: Only for...
Previous trend: Bearish (1645 to 250)
Present trend: consolidation (price has reversed Downward by making higher low), Prices trading above long term averages.
Support:415 and 335
Resistance: 783 and 948
Pattern: Inverse head and Shoulder breakout above 464
Volume: Volume increasing at lower levels. Sign of Accumulation. last breakout rally had highest volume. The...
Previous trend: Bearish (114 to 30)
Present trend: Bullish (price has broke Downward trendline at 58)
Support: 77 and 58
Resistance: 130 and 157
Pattern: Rounding Bottom breakout above 30 and retesting 30
Volume: highest volume of 6.92 mn on the beginning of May 2021. Last highest monthly volume was in the month Feb 2017 (8.9 mn)
Price invalidation...
Previous trend: Consoldation (110 to 153)
Present trend: Bullish (price has again tested breakout level of 153)
Support: 135 and 115
Resistance: 252 and 335
Breakout: Four yearly breakout
Volume: highest volume of 2.14 mn on the 19/04/2021 weekly basis (level broken 153).
Price invalidation level/stoploss:115 on Monthly Closing Basis.
Disclaimer: Only for...
The stock has rallied on smart money earlier and higher earning expectation and clocked a high of 970+ and later fell down drastically.
I have noticed Pension funds buying on bulk deal column. I feel optimistic of the stock as the fundamentals and management is good and has the capabilities to pull off large infra projects.
Technically, it's trading below it's...
The chart shows the demand and supply zone in USD-JPY pair. The pair is unable to sustain above 114.50 and below 104.50. This broader trading range is followed since year 2017 till date. The pair had broken down on wedge like pattern earlier and fell to 104.50 and then again raced back above 114. Then again the same wedge like pattern is formed and the pair has...
The stock is likely to fall to 55-60 levels or else it can see a phase of consolidation between 60-70 levels.
I believe it can give a sharp bounce back to 120 levels (50% retracement) if 50 level (s/l) hold.
Newton's third law: Every action has an equal and opposite reaction.
Remember the sharper the fall, the sharper the rise.
Dabur is following a cyclical pattern of fall and consolidation with a base formation around 260-265 zone. On breakout above 280, Dabur can make a upmove towards 320+ levels. a double bottom formation has also completed in 4-hourl in.tradingview.com y chart.
USD/CHF HAS BEEN FACING RESISTANCE FROM THE FALLING TRENDLINE. ITS LIKELY TO FALL FURTHUR. USD/CHF CAN BE SHORT IN THE RANGE 1.0050-1.0040 WITH A STOPLOSS ABOVE 1.0080 FOR TARGETS OF 0.97500
ADITYA BIRLA MONEY CAN POTENTIALLY BE MULTIBAGGER, REMEMBER ITS FACE VALUE IS 1, IS ONE OF THE NBFC WHICH HAS DOWNPLAYED THE MARKET. TECHNICALLY AFTER MAKING A BOTTOM AT 10 FOR A CONFIRMATION OF DOUBLE BOTTOM AND THEN A BASE FORMATION AT SUPPORT AT 20, ITS FORMING A TRIANGLE WITH A BREAKOUT ABOVE DOWNWARD SLOPING TRENDLINE. IT CAN MOVE ABOVE TO LEVELS OF 46/59/68....
After the Eurjpy trendline kiss and miss episode, it's time for action reply.
Go short on GBPUSD between 1.2410-1.2415 with s/l above 1.2450 for targets of 1.2358 and 1.2310
After a upmove, the stock was making a triangle formation and expected to break the trendline. With a sl of 258, deepak fertilizers can be short for tgt of 236 (cmp 248.50)
