After reaching all time high with the support of results, bank nifty look like forming dojo/spinning top at these levels.
This is made strong in weekly chart as it has formed at top of a rally and close to all time levels.
Similarly HDFC, ICICI, Kodak doesn’t look positive on weekly chart either
The chart shows Fibonacci extension levels, which started from Rs. 70 to Rs. 650. There was 78.6% retracement shown from the top to Rs. 190 level. The price is currently trading at Rs. 280, which can be taken as a buy point. The Fibonacci extension levels show the prospective exit points giving returns ranging from about 50% to 130%, depending on the on how long...
The 200-SMA of a weekly chart is probably the main indicator of a secular bull market. It's almost never breakdown, except if a crash happens, and then prices usually come back quickly to the uptrend. Or, the other situation, when an extended bear market begins, and in that case, prices will remain under this MA for a while and the battle around it lasts...
It seems we are at the 5th wave. After hitting around 32k (wave 5) Big sell could come around 20k. Then ready to go for (3)rd wave. This wave may start the crypto bullrun.
The weekly chart of the GBPAUD shows a strong uptrend. To me, they are aided by the fundamentals of weak oil prices. On an average daily basis, GBPAUD moves 25 pips. So need to enter at the right price - reminder to self.
CMP 170.95 | Near 52 Week High | Stock gained more than 20% in one month | Strong Momentum: Price above short, medium and long term moving averages | RSI indicating price strength
Camlin Fine Sciences Ltd is the world`s second largest manufacturer and marketer of food grade antioxidants TBHQ and BHA.The company`s product range includes Food Ingredients like...
The enckline of the double bottom, which is also the top trendline of this rising channel shown here. Is currently still resistance, however should it start to close a few consecutive weekly candles above this neckline/top trendline and then trigger the breakout the target would be around 9 cents. *not financial advice*
Most people assume layoffs are going to drive the price of the stock down. NOPE, general consensus on the professional side is the sooner layoffs begin, the faster the company can recover from declining revenues and earnings, and reinvent.
META is a stock in a sub-industry that has few members, hence it is used in many ETFs and mutual funds due to that rare...
red horizontal represents a head and shoulder neckline and the descending dotted red trendline leads to the breakdown target should that pattern be validated. The ascending dotted green trendline is a line that leads to the measured move breakout target if we validated the wedge pattern. The dotted tan trendline is the breakout target if that wedge is more valid...
As you're seeing on this chart - made my 2nd long entry. The first order didn't get filled. I've decided now, that the 38's % fibo retracement seem to give enough support. Would be better if the price has been touching the broken trendline below, but this setup may also work. Let's see.
Good trades, folks!
Just like my previous idea I posted on gala, mana is also currently inside a similar bear flag where the flag is also a descending channel. The full breakdown target for this would be negative 1.80 so I think it’s more likely this bear flag breaks upward…the descending channel on its own usually breaks up so often when you see it as the flag of a bear flag it can...
ITC has given a weekly closing above its supply zone of 260-265 after 3 years also breaking its previous 52 week high with very heavy volumes.
From the chart, it is clearly visible it is an inverted head and shoulder pattern and stock has given closing above its neckline.
Let's see whether it sustains the breakout and bring happy faces on many investors' face;)
See chart image. Entered long here. A little bit too late but it seems like it works so far. If you've got questions feel free to use the comment section here. Good trades, folks!
CMP 80.05 | Strong Momentum | Increasing profits every quarter for the past 2 quarters | FII / FPI or Institutions increasing their shareholding | New 52 week high
*Not recommendation
Multi-product company manufacturing CR tubes, cold rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components, and road safety systems
