USDINR is at all-time high but there seems to be more momentum for further upward movement. Broke out of a channeled movement of almost two years, that too with a month-long consolidation. With nifty and other indices lacking strength, the dollar might see some fresh bullishness. PS :- I am an ametuer, let me know if i am correct. Open to suggestions.
The scrip rallied for a long time and corrected when infy fell(collateral fall). Now seeing strength from 61.8% levels of Fibonacci retracement. If this is true, there's a good 13% positivity in very short term.
I am new to Nifty analysis and I observed these patterns where nifty is struggling to move up around the lines I drew. Even now, seems like nifty is getting rejected around 17850 which happened to be on the line joining the first 2 peaks of up moves after the start of the descent. I feel that nifty will consolidate around 17800-850 levels and if it can break...
The stock broke out of an ascending triangular pattern with large volumes. Details in chart.
Long grasim industries for short term gains of up to 10%. Details in chart.
A cup and handle breakout with target of 176. But at 156 with SL 146.
Reversal from Demand Zone. Idea can reach 12-13 levels.
Financially strong stock making a reversal from 61.8% Fibonacci levels. Possible upside of 13% in near future.
Stock forming a Double Bottom and a rounded bottom and reversing from demand zone. Upside to 1050 levels.
Observed reversal from 61.8 level in Fibonacci retracement with a bullish engulfing candle on 22nd April. Possible upside to 425 with stop loss at 325.