USDINR CMP 73.29 CURRENT RSI 49 ON 3 HRLY A BREAK BELOW RSI 44.36 SHOULD SEE A FALL. TGT 73.006/72.70 THIS VIEW IS ONLY FOR EDUCATIONAL PURPOSE.
Indusind Bank CMP - 522. If you see the horizontal dotted line, below that there is a clear head and shoulder formed. The right shoulder is smaller than the left shoulder. Immediate move of 30 points on upside. RSI on hourly is above 50. Immediate short term target is 550. And then 584 or 600 depending whether the rising wedge or the parallel channel...
An ascending triangle formation in progress. Lets wait for breakout
HUL CMP 1688 A rising wedge pattern is seen on the charts. Also a bearish divergence is seen. Correction can be seen till 1657 levels. View is invalidated once upper trendline is broen. Disclaimer: This chart is only for educational purpose. Views and opinions are welcome.
TVS MOTORS CMP 556 TVS MOTORS IN SUPPORT ZONE LONG CAN BE INITIATED SL 548 TGT 586/595. Disclaimer: This chart is purely for educational purpose. Views and opinions are welcome.
HINDUNILEVER CMP 1594 IS THIS A RISING WEDGE BREAKOUT. TGT 1552.SL 1610 CLOSNG BASIS. DISCLAIMER : THIS CHART IS ONLY FOR EDUCATION PURPOSE. VIEWS AND OPINIONS ARE WELCOME
SBIN 277.85 SBIN has formed a rising wedge. If it breaks the lower trendline, i.e a close below 275, lower levels can be expected. TGT 254. Close above 278 for 2-3 sessions invalidates the wedge. Disclaimer : This chart is only for educational purpose . Views and opinions are welcome.
tataelxsi cmp 1161. Bounced from the green support line, should move upto the red resistance line sl 1132 tgt 1216. Lets see if it goes up now. Disclaimer: These views are not a trading recommendation. Only for educational purpose. Views and opinions are welcome
CMP 235 CLOSE ABOVE 236 TGT 249 ELSE TGT 223. TRYING TO BREAKOUT OF CHANNEL
CMP 239 TGT 251,266,288 SL 225. This is purely based on Fibonacci Series. Lets see if it reacts at the retracement levels. Disclaimer: I am a novice at charting and this chart is purely for educational purpose. Views and opinions , especially of ppl who are good at fibonacci are welcome
CMP: 314 TGT and SL It is observed that Vedanta is moving in an ascending channel. So lower trendline is support and per is Resistance. So it can breakout either ways. So watchout for the breakout. Tgt after breakout would be the height of channel, in this case is 25 pts. since it is a long channel, breakout would be more reliable. Also you can observe that...