It has given BO over the trendline DMI+ Strong RSI Strong can go upto next resistance i.e. 224
Levels are market at chart... BO of Trendline... Wait for Retest then it should blast... Lets see our hypothesis work or not..
Monthly 20 EMA is 621 Price is around Monthly EMA There was monthly divergence in RSI in last few months which triggered sale off, now that phase is over.. RSI Now ~ 50 Now it should take support here and if price closes above monthly EMA then it can give a pull back
Price is having resistance around 154 DMI+ in a strong zone RSI in a strong zone 3rd time if this month candle closes above 154 it can touch ATH... lets see our price analysis is correct or not...
Price has taken support of Weekly 20 i.e. 571 Closed below recent resistance of 600.85 i.e. 596 As price closed above 601 next week then price can go upto 700/- lets see our hypothesis give some new learning or not... Adx and RSI also confirming the view...
On Monthly candle after BO, re-test happen at 533 but there was a trendline resistance which has also crossed now, if price closed above that trendline BO price then price can touch ATH.. wait for monthly close to check the analysis.
Stocks may give a rejection after a BO then it is more sustainable BO.. In this chart there is BO on daily chart and there is a rejection candle. Stock can go to the next resistance level
Stocks may give a rejection after a BO then it is more sustainable BO.. In this chart there is BO on daily chart and there is a rejection candle on 75 Min TF.. Stock can go to the next resistance level
Stocks may give a rejection after a BO then it is more sustainable BO.. In this chart there is BO on daily chart and there is a rejection candle on 75 Min TF.. Stock can go to the next resistance level.
If CNXIT give the BO (see other analysis published) then this stock could give a BO as per price action...
Price action will be more stronger if there is BO and retest and RSI between 60 and 80... lets see CNX IT can give the BO... results are on the way...
If stock completes the Correction phase as per Elliott wave and crosses major resistance i.e. 500/- where maximum OI then a new 12345 patter will start...
Few stocks support its critical moving averages beautifully.. it has supported its 200 DEMA and now above 20 DEMA.. further making some pattern and such type of pattern can give a move equal to the depth of the previous move.. but entry should be only above the marked level.
Stock is attempting 3rd time it ATH.. and if it breaks that then sudden shoot up can be visible. Wait for the close of candle on daily chart above the ATH level...
When a stock crosses the highest OI price then it gives an impulse move like a bullet.. 5555 is that area only as 5500 is having highest OI.. T1 and T2 are marked with SL.. never enter into a stock before the entry point...
As the stock breaks from ATH, it may give the similar move between BO level to the previous swing high.. lets see what happen in GMR.. wait for the level to breach for testing this hypothesis...
Price action analysis If stock near the support level and if it crosses EMA20 then it can give an impulse move.. SL 56.80 Entry above 62.95 on 15 min candle close T1 65 T2 74
LTTS If a stock breaks its immediate resistance then only do entry for the immediate high target e.g. Entry above 5450 for a target of 5820. This analysis on monthly chart. Wait for the correct level for entry.