oldwine

oldwine

After a Bullish Trend, it tends to consolidate for some time and again continues its prior trend. 33% , 50%, 66% retracement level, is the level in which most bounce back and continue the prior trend. --- It kind of forming a FLAG pattern to. --- Volume looks good too.

oldwine

Today the National Aluminium has broken out from the Ascending Triangle . --- The volume is comparatively high. The quarterly results are positive too. --- Now the breakout has happened, the previous resistance will act as a support 35.00 --- This is a good chance --- Ignore the RSI

oldwine Updated 

Heavy resistance @ 149.70 ___ If it breaks the support of 139.4, then it perfect for shorting as per Double Top Pattern. ___ If it does NOT break the support, it maybe a trend reversal to the resistance or movement of price in sideways. ___ Warning: Today is the quarterly earning result of COAL IND. Please ensure to look at that too. ___ Have a different view,...

oldwine Updated 

I already published this IDEA before in June 4. Please view it. Whole Pharma was under pressure TODAY. ___ Target 1. 475 Target 2. 470 Target 3. 450 Stop Loss @ 499 ___ IF YOU HAVE A DIFFERENT VIEW ,PLEASE SHARE, SO THAT I CAN IMPROVE MY LEARNING. ___ THANK YOU

oldwine Updated 

Sun Pharma ____ DOUBLE TOP __1 day chart pattern ____ APRIL 27 tested a new high (504.80) and failed to break it. Almost after month+ it has risen above to its Previous HIGH. ___ I would go SHORT around " IF THERE IS ANY RESISTANCE AROUND IT'S PERVIOUS HIGH OR IF THERE IS A SIGN OF A NEGATIVE CANDLE ( HANGING MAN ) IN THE NEXT FEW DAYS" TARGET__ 475- 450 STOP...