mkmunir3

mkmunir3

Reverse Cup and Handle with reasonable volumes on rise. Target 1 is 8590 target 2 is 8880. Stop loss at 8050. Not a recommendation for anyone. For my own record only. :)

mkmunir3

Tata motors has crossed the critical barrier zone of 193-211. Now the target 1 is 280, target 2 is 320 . Resistance strong resistance will be encountered in 300- 320 Zone. If we get a fall, 200-210 will act as a strong support.

mkmunir3

We can expect a move to an important Fibonacci level of 2.618 which comes at 30500 for Bitcoin

mkmunir3

BTCUSD Hourly chart. Expect BTC to take further direction as per the breakout or breakdown of this triangle pattern.

mkmunir3 Updated 

Nifty moving in the upward channel comfortably. I don't think we need to worry till we are in this channel.

mkmunir3

Nifty is moving on a Gann fan line. Till Nifty leaves the line and starts moving below it for a few sessions, no need to worry about breaking of this uptrend. We can easily reach 14000.

mkmunir3

If we see the Fibonacci levels, we can get an idea of the approximate Nifty target. If we see Fibonacci analysis as per the period of fall from Feb 2005 to Feb 2016 taken as a base, we see the Fibonacci levels have been important resistance and support levels. 8900 was an important level, then 10200 was also an important level as per Fibonacci analysis...

mkmunir3

As seen in the figure, the Gann fan shows the movement of DOW over the previous decades. Looks probable that the present rally may not sustain and we will see a fall back towards the lower line. So in that direction, the first major stop maybe at the horizontal trend line around 23380 .

mkmunir3

Expecting bottom formation in range of 26-30 in a few months as per long term trend lines

mkmunir3

Expecting bottom formation at 10050 - 10400 in Nifty as per long term and medium term duration trend lines.

mkmunir3

Expecting a bottom in Dow / DJI between 22100 -22800 levels. Trend lines indicate probability of these levels.

mkmunir3

Buy BTC with a T1 of 10500 and T2 10700. Keep stoploss of S1 9660, S2 9000. How to take action as per my recommendations: T1= target 1, T2= target 2, S1= stoploss level 1, S2= stoploss level 2. is you buy at 5000 with T1 =5200, T2=5400, you should sell half at 5200 and sell another half at 5400. If we have S1=4900 and S2=4800, and the price starts moving down...

mkmunir3

inverted HnS in this stock. targets marked with pink lines. stoploss of 5%.

mkmunir3

Nifty has been forming lower lows in RSI since a few months. RSI shows negative divergence in weekly chart implying tendency to further move down. Next 4-6 weeks are crucial to decide if Nifty will resume a clear uptrend

mkmunir3

USD/TRY is expected to breakout or breakdown from triangle pattern. reducing volumes shows indecisiveness of the market. May take two to three months to take a clear upward or downward direction. upward target 6.0 , downward target 5.5

mkmunir3

The stock is expected to undergo bottom formation . At the moment, weekly RSI is far below 50. If it starts rising, key level to cross is 582 then 598. Will take a few months.

mkmunir3

Yes bank has been falling with high volumes. There is strong support at Rs 29 level. If it breaks, we have strong support at 25 which is unlikely to break in near future till some really bad news comes in.

mkmunir3

As seen in BTC weekly chart, it is trading around the 50 EMA. RSI is at 44. Can fall further. Important support 6772. If hat also breaks, it can fall to 6190 but probably not expected to break it. Revival may take a few months.