See the reaction at the lower line on the rising wedge. Once we break down we have two targets on the chart. A better entry could be the top of the wedge if you would like to sweeten the Risk-Reward ratio. I believe we will make a lower low. This rally doesn't make much sense and at these levels, I much rather be sitting in cash rather than hoping that the bubble...
Hello guys! Infratel seems to be forming an ascending triangle, and holding the strong trend line. Price has been rejected at support 4 times as indicated with arrows in the chart. It is now closing in on the top resistance, if broken / flipped will aim for new all time highs. MACD and Stoch RSI support the bias.
Hey guys! IndusIndBk has broken out of its major resistance level and has flipped it to support. It has consolidated for a while above the support, which is healthy. And, it's closing in on the D-Day. MACD is converging bullish adding to the bias. Stoch RSI has bottomed out and is ready for a reversal. Next possible resistances are way above 600...
Hi Friends, I am sharing this technical analysis for Kotak Bank and its for intraday purpose to trade on 22nd Jun 2020
Hi All Please find the LT analysis for intraday on 22nd Jun 2020....
We have Really Good Setup on SBI First Buy 175 - 180 RS if comes to that than buy someone else another entry above 200 RS
if Price unable to hold than next Support is 1200 Rs right now market is bullish so we expect it to go above but we will wait for perfect entry rather than gambling
Volume is good we need daily close above the Trend line Support if we have that on monday market than ready for the big 10% jackpot
We discuss about daily breakout in last chart and we have that daily breakout now price going above. Target overall done with reliance debt free .. more to come
Bank nifty analisis and it says that its gonna be a short entry... Please see the analysis.... #banknifty #nifty #NSE #niftybank
Price taking support 188 rs now , from now price can move above We need monday daily candle close above 195 if we achieve that close than it can move higher
Daily price close above 520 than it is really ready to move above. if price not close above 520 than it can take support at the lower region around ( 480 rs ) for short time.
Outlook isn't good, Strong correction coming up. -Head and Shoulders pattern forming.
JSW STEEL Has broken out of a ascending triangle and has retested the support quite a few times, holding strong. - MACD is closing in and a bullish crossover is imminent, implying a continuation upwards. - The price action is currently supported by the 50MA on the 2H TF. - First target is 205 (7%) - Second target is 231 (~20%) If you like my charts, don't...
JSWENERGY is showing buying pressure at this level. -MACD is crossing bullish on the 1H which will take the price past 45. -Resistances are at 46.5 and 49. -Please leave a like :)
NTPC has make a good triangle and will take trade after breakout
Both Rounding Bottom And Bullish Wedge formed in #Vedanta ( #VEDL ) The Exponential Moving Averages crossed above Closing Price of last candle closed above the resistance with a huge increase in volume Expect a bullish reversal Final Target will be 140-145 Up side potential high Return:Risk Ratio High.
After few days of consolidation, we may see upside moves again my stop loss will be 388 and looking for the target of 450.