CMP near support lines RSI levels below median 50 MACD line cutting signal line Pivots Fibonacci testing Price levels Strong fundamentals (event driven) #Targert500
Strong upward sloping support line Testing Pivot fibonacci resistance lines.
Ascending triangle formation trend Correction in the breakout trend, Buy at the support level near 200 or 201 Target price is 230. Stoploss near 190.
RIGHT TIME TO BUY At 173 price range near the support line and set a target of 197 and keep long position Well supported by trend analysis, Exponential moving average and bollinger bands.
There is a formation of ascending wedge and the price breaks resistance at 193 thereby pushing the price above . IMP: there are two doji formation meaning indecision in the market and the next day sellers were aggressive. GOOD TIME TO SHORT
We can observe that their has been formation of ascending triangle forming a wedge and the price breaks the upper resistance at 94. This means that the buyers are aggressive and the investors could fill in the positions when the price breaks resistance at 94
It a good opportunity for investors to buy in the price range of 48 and exit their positions before the price hits the resistance line