This Weekly Support (around 152 - 153) should be honored for Upside If 159 is Crossed & Sustained, we may witness 179 and then 200
if this last Monthly candle closes above 46.70 - 47, this would be a Perfect Morning Star Formation (combination of last 3 candles) However, Double Bottom is around 42 and also 0.786 fib level of Entire Rally Bullish Divergence is also being created on Weekly basis; & appeared on Daily TF
On 1080 as you see on the chart we have a hight probability to have a downtrend because we have the breakout of the vwap and the support Line.Thanks!
Bullish on All Time Frames However, Needs to Break & Sustain 31 initially 33 & then 36 - 37 would be the Initial Resistance Points and in a bit longer term, 46 can be witnessed
Sell idea on 1060 as you see on the chart because we have the breakout with force the vwap and the support line by sellers. Thanks!
Weekly Support is around 74 Good Support around 73.50 - 74.20 If 73.70 is Sustained, we may witness 77 and then 79 initially Stoploss should be around 72
On 1010 as you see on the chart we will have a hight probability to have an uptrend if only if we have the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume.! Thanks!
Sell idea on 1180 as you see on the chart because we have the breakout with force the vwap indicator and also the breakout with force the support line.Thanks!
Broke out it's cup and handle pattern and now in process of full-filling cup depth. Now trading on bullish flag which will break at through it at 55 SR. Full-filling Flag height will take us to 60 SR. Full-filling flagpole height will take us to 67SR. At 67 SR its cup depth will be full-filled and completed Breaking through 67 SR will open for a new wave/rally...
Immediate Support lies around 12200 - 12380 However, Bearish Divergence on Daily TF To Continue its Bullish Trend, 13100 should be Crossed & Sustained 13400 & 13900 are next level Resistances Remember, there is No Harm in Index as long as it is Trading Above 11800 If this level is broken, Trend Reversal is Possible
74.50 - 75.50 is an Important Support Levels Otherwise, Crossing 84 - 85 may lead it towards Double Top Zone around 93
Bullish on Weekly as well as Monthly TF Bearish Divergence on Weekly Daily TF
Double Bottom around 30 Safe Entry: Above 32.80 Target 35 Stoploss 30 (Closing basis) Risky Players may take entry at CMP with Stoploss 28.70 on Closing Basis
Though Still Bullish on Weekly TF But Clear Bearish Divergence on Daily TF 90 is the Breakout level of Monthly Resistance
Potential Harmonic Pattern. Targets are shown on the chart.
Completed Harmonic Pattern We are expection correction till the target shown on the chart.
Potential Harmonic Pattern, not activated yet. Potential target for long term are shown on the chart.
Hello ladies and gentleman,according my analysis To SAUDI BASIC INDUSTRIES STOCK .there is agreat probability long to 96 SAR.