PROBABILITY OF BREAKOUT N THE DIRECTION OF THE TREND
hdfc life after weekly breakout and retest , ready for an upmove
NAMASTE SWING SHORT MAKING A DOUBLE TOP ON WEEKLY AND DAILY TIMEFRAME.
NAMASTE, TIME FRAME: DAILY BRITANNIA SEEMS TO BE TESTING ITS SUPPORT, MOST PROBABLY WILL BREAK DOWN ON DAILY TIME FRAME. ONE CAN LOOK FOR SHORT POISITIONS. NEGATIVE CROSSOVER IN MACD
TIME FRAME: DAILY OPINION: SHORT ITS IN A DOWN TREND ON A DAILY TIME FRAME, AND CLOSE TO 200 DMA, FORMING A DOUBLE TOP. ENTRY CAN BE DONE ONCE THE NECK LINE IS BROKEN. MACD IS IN NEGATIVE CROSS OVER. RISK REWARD 1:1.6. TARGET AND STOP LOSS CAN BE MAINTAINED AS SHOWN. DISCLAIMER : MY POINT OF VIEW MIGHT DIFFER FROM YOURS, SO KINDLY USE YOUR OWN ANALYSIS AS WELL,.
AVOID TRADING IN CRUDE,BECUASE: 1. TODAY IS AN INVENTORY DAY. 2. 100DMA, 200DMA MOVING FROM UPTREND TO DOWN TREND, CRUDE MIGHT TRADE SLUGGISH ,LETS WAIT FOR A TREND. 3.WEEKLY AND DAILY ANALYSIS ARE IN DOWN TREND AND HENCE LOWER TIME FRAMES ALSO HAVE TO COME IN A DOWN TREND. DISCLAIMER: USE YOUR OWN ANALYSIS, MY VIEWS AND POINTS MIGHT DIFFER FROM YOURS
BUY CRUDE ONCE IT BREAKS THE TRIANGLE PATTERN UPWARDS, TIME FRAME 15 MIN. ALREADY BELOW 200 DMA AND GIVEN POSITIVE CROSSOVER IN MACD TARGET OF 15-20 POITNS
TIME FRAME : DAILY THE STOCK IS FLAT ON 100 DMA,200DMA,400DMA. SEEMS TO BE ACCUMULATING AT CURRENT LEVELS FOR A BREAKUP, FORMING A TRIANGULAR PATTERN. ENTRY CAN BE DONE ONCE IT BREAKS THE PATTERN, NOTE ON WEEKLY AND MONTHLY BASIS THIS EQUITY IS IN UPTREND. DISCLAIMER: KINDLY USE YOUR OWN ANALYSIS AND IDEAS.
NAMASTE TIME FRAME : WEEKLY 1.POSITIVE CROSS OVER IN MACD 2.BROKE THE CHANNEL PATTERN. 3.BREAKING THE TREND LINE UPWAYS. 4.BOUNCE FROM 200 DMA 5.DOUBLE BOTTOM FORMATION, BREAKING THE NECK LINE. IT MIGHT FOR A CHANNEL PATTERN AGAIN NEAR TARGET, IF THE RESISTANCE IS BROKEN IT CAN RISE TO 300+ LEVELS. TRADE AT YOUR OWN RISK.