EPL’s share is trading above all major SMA’S EXCEPT 200 days SMA .
FURTHER it is hovering near the resistance level. It has taken the resistance at two important patterns i.e. the channel pattern and between two horizontal lines.
However the major volatility with the lower volumes in the last two trading days may stop the price from rising.
A positive opening...
prevailing scenario
wave (ii) maybe over in abc subminuette correction
monitor prices evolution in a motive mode
wave iii over 1.2151 (fib 1.618 wave i ext - losing momentum)
wave iv unfolding (expeted sideways - test 1.2114 area)
ALT: continuation of wave (ii)
subminuette correction abc if motive i-v fails
critical price area
previus daily close 1.2145
PP...
the price channel is broken and price polback it,
if the support range is broken we will see price fall,
but if broken the upward triangle we will see price rice.
SHILPAMED (NIFTY_500 ) Closing Price of 14/05/2021 has crossed all the major simple moving averages including 5, 10,15,20,50,100 Days.
The closing price is hovering near to its 200 days daily moving average which also act as major resistant for the stock.
There are very good chances that it would cross the 200 days SMA and can show a good rally.
Disclaimer:...
Tesla broke the 20ma in the 30min chart, and it did a bottom higher than the last one, indicating that it'll break the bear trend. The confirmation will come when it breaks the 592.65.
In the 4h it just hit the support area, and if it breaks the resistance mentioned above, we'll see a nice trade! This support area is seen in the daily chart as well:
Let's...
prevailing scenario
wave (ii) maybe over in abc subminuette correction
monitor prices evolution in an impulsive mode
ALT: continuation of wave (ii) either in a simple or complex correction
critical price area
previus daily close 1.2077
PP/FIB 1.2080 PP / 1.2131-1.2153 (fib 0.618 – 0,786)
static S/R 1.2106 key – 1.2153 critical
volatility D 1.2058-1.2156
The pair is breaking through a strong resistance line, which has been retested several times in the last weeks. A possible positive movement is expected. Take your profits at the shown levels.
TP1: 1.47880
TP2: 1.48430
For the idea, I am using a 4h time frame. I believe in bigger time frames, as they prove to show more stable results.
Please like and follow, if...
We are faced with two important possibilities.
If the high resistance level is broken, the candles rise to the next resistance level.
If this does not happen , the candles fall ...
POSITIONAL INVESTMENT VIEW IN #HDFC BREAK OUT GIVEN AT 2423 NOW WAIT FOR RETEST BREAKOUT LEVLS FOR ENTRY
BUY HDFC 2405 ADD MORE 3150
STOP LOSS - 2340 CLBS
TARGET -2500 2550 2600 2650 ++++
A bullish trend has broken a resistance zone and it turns to a support area for the chart.We see two higher peaks in price but two lower peaks in RSI indicator. This is a bearish signal for the chart but we speculate that the chart will be supported by that support area and ascending trend line.
after corrective (w)(x)(y) in ((a))
now unfolding wave ((b))
wave ((b)) should run in 3 waves
maybe now motive wave (a) is running - reached strong resistence area 1.2060/1.2090
(dynamic, static, fib retrac 0,618).
U.S. payrolls data, due at 1230 GMT
better stay out , wait and see
Gold (XAUUAS) Short-term rise, but long-term bearish.
The gold price is $ 2075 / oz from August 2020 falling to the low $ 1676 / oz in March 2021, and the chart pattern presents a downtrend.
March-April gold prices rose mainly due to
1. U.S. Dollar Index fell.
2. The U.S. Treasury Yield Curve Rates at a range of 1.6-1.7%, stay in the range and no longer rise.
3....
Triangle breakout can be followed.
Be careful if the price falls below the white trend.
Üçgen takp edilebilir.
Beyaz trendin altında diikkatli olmak gerek.
