Jet Airways:Weekly chart. Beautiful and clear flag pattern seen. Breakout will take to 240. But real bull trend in Jet airways will not come till it crosses 370
Price can reverse from here (5.15). Currently the price is sitting on a trend line. If we break 5.15 and remain below it for 6-12 hours, we may see further significantly lower levels.
The chart is of Gold ETF of UTI, India. at the moment, moving in a downward wedge. We have a high chance for price to go to 2670 levels which is also where green trend line will support it. We may get a reversal from that level.
Weekly chart - 5 years. Stock dipped but came up and closed on first Barrier band support of 154-161. If breached, it will head towards second support which is at Barrier band 125-133.
Hourly chart. Expecting the pennant to breakout soon. RSI in positive zone. Expecting move to 84-86 in coming 3-6 days.
Biocon: pennant formation. breakout expected soon. Good move expected. As per the smaller triangle with base C-D, move can be 10%. As per larger triangle, base A-B, price can move 20%.
I think we can see 800 soon if inverted HnS breaks out.
DJI will probably take one of these two routes - Curve A or Curve B. Comment what you think looks probable. The three trend lines extend from Feb 2013
Ripple has a support at barrier band 0.43-0.47 and a resistance at barrier band 0.67-0.70. I have coined the term barrier band for the first time :)
BTC has a resistance at 6772 . Major bull trend cant come before it rises before 7819. 200 EMA is also showing absence of any good sign at the moment.
Six year chart shows USDINR going towards 74. It has a strong resistance around that level and can reverse from there. If it crosses the green trend line, we can see 77 levels in a few months.
#usdtry has to come out of this triangle pattern to give a clear Idea of which direction it will move. Maximum time will be around 10 October 2018.