According to the trend analysis of oil prices, a dip is expected soon in the prices of crude oil. And it is expected to soon reach 88-90 $ per barrel and the dip is expected to continue further. This dip in oil prices is a good indication for the stock markets in the world. So the time to get bullish in the stock markets will come soon. Lets wait and watch.
I have been watching over Varun Beverages graph since it fell drastically at the price of 822 INR. I have been observing upward rally of VBL since then and right now it has reached 930 INR and is expected to give more returns within next month. Today the graph of VBL crossed 20 MA and right now is in safe zone to buy as well as one can go for swing trade of 12-15...
I have been observing this share since a month and it was in a downtrend till that time but now the pattern under the circle that is green-red-green where the last green candlestick of the three overtakes the red candlestick by a good margin and the graph is above 20 MA and 200 MA (20 MA above 200 MA line). This indicates the bullish uptrend rally to start soon...
Nifty Metal index is cyclical in structure and follows sinosuidal wave in general case. Right now the wave of that index is having a bounce back and we can see that the wave has just crossed its lowest point and increasing towards its highest peak as shown through arrow. A reasonable return is expected within next one-and-half month through metal stocks in Nifty...
According to fibonacci retracement, the market to have a correction in the month of february and nifty to touch 16400 points, approximately. As per the pattern detected in graph, the trend will be in down trend as lower highs and lower lows are generated. Support will be generated at 16800 points where the graph will be above 20 MA and 200 MA (20 MA above 200 MA).
The inverted double bottom pattern is created as shown in the graph which is considered bullish for the stock. So the rally will start soon for this stock and also within the white circle shown is the green-red-green pattern of candlesticks (where green overtakes red) which indicates the extremely bullish behaviour of the graph in future. The graph is expected to...
The pattern is abiding by the fibonacci projection & a rally is expected soon as shown in the figure. The graph indicates increase in 3 floors of fib projections and 2 floors of retracement in a single wave.
