Dolor index made double bottom on daily chart. While price was making double bottom... RSI made higher lows & price went in consolidation phase. Today it is trying to break this consolidation on upward sode.
As shown in daily chart of tcs, wave E starts on upside making violation of red support line a false breakdown.
Crude price reverse back from around 90.50 for 7 times in last 12 days. Today again it visited the hurdle and turned back. Interesting to watch .
Price is trying to take support at prior low but RSI is making lower low. Looking at scenario, we can guess that... Price can not sustain at these levels.
Crude 15 minutes timeframe has 🐻 divergence. Chance of price drop is there.
On hourly chart, there's bullish divergence. Chance of upmove is increasing.
RSI diversion appears on 15 min mcx crude chart. Shorting can be good idea for scalping purpose.
price can go down because there is clere rsi diversion on mcx crude 15 min chart. short term scalping idea
mcx crude hourly chart, bull wedge is about to break out. Target is big, watch break out level.
on hourly chart of nifty index, we can see that the inde is trading in the last wave of inverse H&S pattern. It is very near to the neckline which is situated at 14900 around. If price cross it northwards & sustain there , then it can move upward till 15300 round with some resistance of prior highs. If rejected at neckline , then vertical fall can be expected.
If price sustain above R line of wedge .... there are 3 targets mentioned in hourly chart
From 31st July 2020 till today bank nifty is moving within an ascending channel. On many occasions price respected resistance line and support line of the channel. Just now it kissed the support line and turn upward. Now we can expect movement towards resistance line of the mentioned ascending channel. As a result we are heading towards new high of bank nifty....
NIFTY can bounce back towards new high from here
Index is trading at 4 m9nth support line. Can take support here.
From 6th Jan onwards GoldM price is in falling wedge. Wait for breakout ...... price should go up after breakout
On weekly chart price is in symmetrical triangle but on lesser time frame chart price reversed upward and moving upward in a ascending channel. there is descending resistance line placed around 1540. If price cross it upwards then prior high's 1600 & 1640 are next resistance . Looking at ascending channel .... price should cross all hurdles in its upward journey.
CUB price is in flag pattern on hourly chart. Flag pole is in place and final portion of the pattern is in progress. Price is falling making a wedge & taken support from supportline ( black ).