ONGC has reached to the 100 percent retracement levels and there is is no major support . As soon as the chart gives strong signals we could go long on ongc. The rsi is also travelling at 15. This gives us a clear signal that it is oversold.
target 1 - 147
target 2- 153
stoploss - 139
Today nifty had shown clear signs for strong bearishness in the market . there are two support zones currently in the nifty 50 .the breaking of the first support will give us the target of the second support i.e. at the level of 16450. the time frame must be 5 min . The RSI has also shown he bearishness. The prices are also travelling at the support levels of the...
Wipro has formed a head and shoulders pattern in the weekly chart and it has broken its neckline with a great volume . Almost half of the region is covered and we might see a downfall of upto the levels of 385 within the next few weeks . Although it has to first break the support of 460 level in order to reach the desired target . The long term trendline is also...
By analyzing the long term view in the monthly , weekly and daily chart , bank nifty is likely to follow the current downward trend . The trend will continue for one week and after that we could see an upward trend . Also the current prices are below 200 moving averages , so currently we could not be bullish on nifty , considering the long term view . The RSI is...
The market from a long time is creating a pattern for falling wedge within which all levels are been respected . In continuation with the long term trend and the short term trend the market will be in a bullish mode for the next 15-20days . The next target to be achieved by the market is upto the levels of 17600 . Talking about the indicators the moving averages...
a zone was broken in nifty bank after continuimg it fo almost 7 months. This parallel channel had its pullback and reversal .
short price - 36860
target price - 34312
Duration - 2-4 days
A double bottom pattern is formed on bitcoin us dollor chart .
Buy price - 57452
target 1 - 60302
target 2 - 60950
target 3 - 66386
duration for t1 and t2 is 2-3 days
and duration for third target is 1 week
A major breakdownn occured on the lower trendlne of 1 month. The breakdown could be figured in 1 hour time frame.
Short Price - 170
Target Price (T 1) - 150
T 2 - 140
Duration - 15- 20 days
