Seems like it heating up for another speculative drive. As expected AAIC held strong and jumped from the support zone as i have marked. Keep and eye at resistance zone and golden pocket on the way up.
LALU seems to have broken out from its consolidation, 17.4 will be the flip point to make the counter break the structure in to more bullish! RSI seems broken as well
As expected EXPO crashed until golden pocket and held on it.! RSI shows clear bearish trend without any proper sign of reversal. I have made two hypothetical paths which is possible. However Major support can be expected at 130-133 range.
As expected LIOC broke out from the last update i have done over the weekend and got rejected on point at 206.75 as mentioned above! ^ And in smaller time framers it got retested untill 201.75 and closed at 204. Likely we will clear above resistance point tomorrow. and go towards the marked resistance gradually. RSI seems to be broken out as well.. overall...
LIOC is on a verge of a major breakout, prices are moving along the trendline with fib resistance at 206.75. RSI has broken out and currently on retest while traders taking profit out. Note that all along LIOC being above MA200 is making the counter bullish in overall trend.
Simple chart.. prices and SMAs are converging. A definite big move on the ways.. Mark your stops along lower trend line as well as your entries. have at it !
RCL has broken from its falling wedge trendline (following an exaggerated divergence) and is now consolidating above SMA50, while retesting the broken trendline. Prices can come down up to 28.3 levels until it makes the next HH, breaking 31.3 (latest High). Keep an eye of long consolidation of the counter, RSI trendline breakout will likley to take the prices to...
ASI has beautifully rejected the rising wedge and managed to close above it, while forming a inverted HNS pattern. RSI has also broken the bearish divergence trendline and closed above it. Next Major resistance will be at 9600, and if prices come down, 9400-9350 (trendline resistance become support) will work as a support. Surprise rate hike of 100bps may not be...
EXPO once a major index moving counter has lost a major support (170) is heading towards its next support levels (yellow fib lines) i have used multiple fib charts to get a more accurate setup. golden pocket can be seen around 149-152 range where more buyers will rally to buy. RSI seemed to have retested and crashed before price action came in.
Retest, get set go. One of the sectors which will recover easily with ASI
One of sleeping giant, prepping for a big move. Dont forget the breakout and retest and bullish divergence
PLR was trying to breakout multiple times and time it had been nicely broken out with volumes. RSI shows broken out as well.. Fib resistance are mentioned in charts. however 9.0-9.3 looks like the hardest resistances to get through. Plan your exists properly ~
looks like counter is on a good consolidation with bullish divergence in situ, previously low volume breakout happened is now on retest. daily close above 145 might turn the trend towards positive side.
broke out and currently on a retest. Slow accumulation with a stop around 26 will be ideal for traders !
After briefly getting correct due to bearish divergence, index as well as RSI is forming a inverted HNS pattern. However RSI still show some bearish strength until broken the trendline. Candle close above 9356 will be really bullish for the index.