raunaq

raunaq

USDINR looks like a bottom fishing candidate. Current rally has initiated after retesting the 50% Fibonacci retracement level.

raunaq

1) According to Dow Theory, unless Nifty make a lower high and violates the prior higher low (9,700), bull trend is still intact. Lets study the current signs in more detail, --> Violated the short term uptrend support line --> Double top formation --> Negative divergence on RSI --> Retested the upper end of the long term rising channel According to Fibonacci...

raunaq

The stock is retesting the down-trending trendline and is also retesting the 89-day (low) band. The 89-day (high-low) band is one of the most reliable moving average technique, although there is no documentation about it. The stock has rallied approx. 20%-25% from its recent lows. Do share your views about the same!

raunaq

H&S top and RSI showing negative strength. Suggested to buy at Rs.12 earlier, see link below!

raunaq

It can be a potential buy for the reasons mentioned in the chart! Double bottom confirmed by high volume and bollinger band breakout! Trendline break can lead a new leg higher.

raunaq

Retesting the major support levels0

raunaq

Support of trendline. Simple analysis works the best.

raunaq

Rounding bottom breakout on hourly timeframe! Targets - 272 --> 285 Stoploss - 255

raunaq

Measured price objective of 1450 with a stoploss of 1100

raunaq

Targets - 710 --> 760 Stoploss - 635 Previously suggested at Rs. 290, see link below!

raunaq

Inverted head and shoulder breakout, followed by a flag breakout. Target - 425-435

raunaq

The stock is taking support of the trendline. Wait for a breakout up/down.

raunaq

The stock has broken down from a bearish flag formation.

raunaq

A potential Inverted H&S formation on daily chart and double bottom on the weekly chart.

raunaq

The stock is approaching its major support after breaking out from the consolidation range. Add to positions on a confirmation of support.

raunaq

Hello, What do you think guys? Is anticipation of patterns worth it? Or the best way is to just act when the signal occurs? Lets have a discussion on it!

raunaq

The index has reversed a downtrend by breaking out from a declining channel. The 50-day MA (long term) has managed to cross above the 20-day MA (short term) confirming the Golden Crossover of the moving averages. I believe that the downtrend is now over and a new leg higher is now unfolding.

raunaq

A topside breakout of the inverted H&S neckline will confirm the pattern. Will it break on the topside and subsequently recapture the Trendline as well? Wait and watch.