USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
JAIPRAKASH ASSOCIA, SOUTH INDIA BANK, ADANI POWER LTD, RELIANCE COMM LTD, DEWAN HOUSING FIN, SUZLON ENERGY LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
enclosing triangle, bullish sign from the bottom line.
target : 525
Sl : 493
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 : ...
Main trend looks like forming lower lows
Feels that SBIN is following the bullish trend line. short term target should be 345. breaking below the trend line will invalidate the pattern
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
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
Forming H&S and on the verge of breaking the neckline
It has nicely taken the resistance with low RSI. Will it continue its downward journey ?
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.
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
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
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.
Idea is forming ascending wedge pattern with bollinger squeez. Buy above 88.3 on 5 minute chart close. Target 91.3 Sl : 86.30
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.