vipulmehta817

vipulmehta817

Shanghai Composite is trading in a range for the last six months since the previous break in early July 2020. The price action last week was bullish and index may finally break out on the bullish side of the channel.

vipulmehta817 Updated 

The level of 345-350 has acted as Support & Resistance multiple times in the past dating back to 2014. Today's (12.17.2020) intraday chart shows the stock hit this zone for three hours during the day and just couldn't breach it. What followed was a major correction in the last hour of the day. Will bulls be able to breach this crucial zone? Or will bears win this...

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LIC Housing Finance (LICHSGFIN) is at key 380 support/resistance zone on the weekly chart. Break above this should be bullish for the stock in the near term.

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HDFCLIFE has formed 'W' pattern along with dark cloud cover candle formation at previous high. RSI is also pointing downward. Reversion to 650 S/R level can be seen in the coming days.

vipulmehta817

US Dollar to Thai Baht (USDTHB) is showing bullish divergence on the daily chart. I am looking at a Long with the initial target of 30.4 from here.

vipulmehta817 Updated 

XAUBTC is giving bullish divergence on 4H chart indicating possible bottoming out and reversal. Long Gold, Short BTC looks like a good trade in the short term.

vipulmehta817 Updated 

Gold ($XAUUSD) is forming Head & Shoulders pattern on the hourly chart with 1820 as the H&S support. Break of 1820 can lead to a breakdown in the Gold price.

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SUNTV forming W on the daily timeframe at 500 psychological as well previous resistance zone. Can we see a down move from here?

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COALINDIA has broken out of its downward channel and is one of the last stocks to recover from the March Covid-19 fall. RSI has reached overbought conditions which indicates strength. The stock is likely to reach 38.2 Fib retracement and psychological zone of 150, crossing which 61.8 Fib retracement of 175 would be the next potential target.

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CIPLA is showing Bullish Flag breakout with above average volume. The gap up which looks like a breakaway gap is indicating further strength in the move. We can look for a price target of 1.618 Fib extension of the recent weekly wave at 880.

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TITAN has breached 1400 ATH level comfortably. RSI also reaching over bought signals indicating strength. Bullish move expected to continue till the next 1.618 Fib extension level of 1813.

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INFRATEL seems to be breaking out of its downward trending channel on the on the weekly timeframe. Breakout confirmation after breaching of 38.2 Fib level of 260 with initial Target of 61.8 Fib level of 345.

vipulmehta817

With all major US treasury bond yields rising, TLT ETF is looking at breaking down from 155 support. A good short trading is developing.