Southern Petrochemicals Industries Corporation Limited : Trading technical call for Medium Term
NSE »SPIC & BSE »590030
CMP: 48.7, Closing based SL 42.9, Targets 54 55.5 57
* All time high and Close breakout
* Weekly pole and Flag Pattern Breakout
* Volume Breakout
* Swing high breakout
Discliamer: All levels are for Educational Purpose Only.
Stock should five Valid KBO Setup Next week. Entry Will be Triggered above 202.40 STOP CANDLE CLOSE BELOW KS LOW.
Target 282/320/If Sustains above 320 for 2 Consecutive Days then Big Rally to come/529/640
Stock formed Bullish Divergence and Price did try to push up a bit and resulting to a failure. But this time we have KBO lets see how this Stock reacts after...
I rarely publish these longterm ideas but here i am pointing out the current wave 4 on a weekly chart.
So in the long run we will be short the CC1! but since we are currently in a wave 4 we will be looking for long positions.
For a starter position i placed a long entry @2000, next @1975, @1935 and finally @1900
Soft targets start @2290,@2610 and very distant...
Hi Guys, look for sell in this one, corrections looks complete, always wait for breakout correction then sell. this is part of bigger correction on daily time frame as c wave for now, or it can be more complex but take this sell if it give good setup on lower timeframe.
I have posted a previous idea about long term Elliot Wave, here is the analysis mid term in logarithmic scale.
If this is correct we could see BTC to reach the long term wave 5 in November coinciding with the medium term wave 5 reaching around 6000USD to start then the correction phase that could reach around 1800 on wave 5 by January 2018 within a longer term...
Excellent bottom fishing opportunity in Coal India Ltd. Its trading near IPO Rate(Rs.245). This zone is major support point( Analyze coal India's behavior during Aug 2013 to Feb 2014). Nearly 2cr quantity traded on major reversal day(17 Aug 2017) which was highest since Feb 2015. All in all excellent risk reward zone to initiate the trade.
Due to BTC that keeps breaking the resistance barriers I believe that it has yet to reach its major deviation resistance barrier which might lie between $3850 - $ 4000. We see in August a possible Elliott 5 wave forming which could lead to a major regression in middle to late August to the areas of $3400 - $3600. Thus I would advise traders to put in medium term...
Entry 1: 109.0, Stop Loss 1: 108.75, Target 1: 114.4, Risk to Reward Ratio: 1:19.4
Entry 2: 108.3, Stop Loss 2: 108.00, Target 2: 114.4, Risk to Reward Ratio: 1:28.33
Trade cautiously and await for confirmation of entry signals
Consider the horizontal channel which repeats itself over a 1- 1.5 Month Period
Support levels at 109 & 108.35
Nobody can say how, until maybe after...
Buthindsight is 20/20 and foresight, well that's for blindmice looking for a piece of cheese in a maze of time and space.
Weekly - BTCUSD
1Hour - BTCUSD
AUD/JPY is recently one of the most dynamically moving pairs. The price is growing really fast since the beginning of June, almost without any major corrections. Some declines happened only last Friday. As you can see, price after withdrawal to support set by previous high, very quickly began to grow. It was a classic re-test of the previously defeated level....
Hey all, what we can see here on the NZDJPY pair is that it has been oversold to the point where it looks like it might be breaking out of the pitchfork pattern. As usual, I plan to play the odds - which in this case involves the pair diving back into the pitchfork formation.
Hey all, I've got a simplified graph here with just the bare features required to visualize the fact that the pair has been adhering to this pitchfork quite nicely. I expect it to hit the following three targets sometime within the next few months. This is barring a complete bearish reversal due to the Canadian dollar's recent strength, which may end up causing...
Hey all, I've mapped out the potential completion of a bearish bat pattern that should signal a reversal for this particular pair. I'm setting the entry just beneath the 0.786 level of the larger Fibonacci retracement so that the movement can be confirmed to be reversing. Following the entry, we have 3 potential target areas that the price might be headed towards:...
Hey all, I've given this pair another look since my last analysis on USDCHF very recently hit its final target. Following that last target, we can now see that the price has been consolidating in the area between the 0.382 and 0.236 levels on the blue fibonacci retracements. From here, the price can push up through the 0.382 level to test the upper level of the...
Hey all, what we have here are signs of a potential rising wedge formation on EURJPY due to the higher highs and higher lows being formed since the 18th of May. Fibonacci levels applied on a larger timescale seem to show the price working well between the 0.5 and 0.618 levels - an idea supported by the recent rejection of a new high on the 16th and on the 24th. If...
Has the moment arrived? it looks like the GBPNZD has formed a nice setup to short. The end of wave C is close, maybe already finished. Anyway
we can see that it has formed a double sealing in a hard connalty resistence in 1.88770. Tendence going down quite close from were we are now. Did I mention RSI is already overbought on W1, D1 and H4?
We aim to...