sebin7tony

sebin7tony Updated 

General trend is bullish and it moves in a contracting channel. It tested the lower bound of the channel multiple times and bounced from it. Last candle bounced back with relatively good volume from the march 20th low confirming that buyers are still interested in 604 levels. This trade will get invalidate once it breaks the lower bound of the channel. Target :...

sebin7tony Updated 

enclosing triangle, bullish sign from the bottom line. target : 525 Sl : 493

sebin7tony Updated 

Main trend looks like forming lower lows

sebin7tony

Feels that SBIN is following the bullish trend line. short term target should be 345. breaking below the trend line will invalidate the pattern

sebin7tony

Clearly the rsi shows that the momentum is changing and it is struggling to make higher high. All eyes on whether it can break the lower trend line. It will be a short if it is breaking the trend line. Trade not active yet

sebin7tony

Reason for the conclusion is that it easily broke the trend line. and travelling up. retracement expected as RSI is at higher levels. If it breaks the trend line then bears will catch hold

sebin7tony Updated 

Forming H&S and on the verge of breaking the neckline

sebin7tony Updated 

SunPharma is on a roll to down trip. Last few days were red. Fib extension is at 1.618. RSI is deep down at 18. Correction in this trade is much needed !! All we just need is a one strong bullish candle for trade long with Target 1 : 500 Target 2 : 520 Trade valid only if it is above 460 with bullish reversal patterns.

sebin7tony Updated 

It has nicely taken the resistance with low RSI. Will it continue its downward journey ?

sebin7tony Updated 

1) Support @ 9700 2) @ 61.8 fib level Mostly will be bullish with target 9804 & 9885. RSI is also down. A close below 9700 will drag Nifty to 9600 levels

sebin7tony Updated 

It is at support at 940-950 levels. Current value 946 If the close below 940 then sell with target : 900 SL : 960 If it closes above 960 then Buy withe target 1030 , SL : 940

sebin7tony Updated 

It has crossed important resistance at 620 range comfortably. Next resistance will be at 665 levels. So we can target 660 price target for the airline company.

sebin7tony

Idea is forming ascending wedge pattern with bollinger squeez. Buy above 88.3 on 5 minute chart close. Target 91.3 Sl : 86.30

sebin7tony

There is a Bearish divergence in SBI in overbought RSI areas. It might can go up to 313 zone for the resistance then reverse it.