On Hourly chart, the price action is ranging in an ascending triangle. With the last big red candlestick it shows weakness and indicates bearishness.
The price action is been ranging from 1516-1460, about range of 60 points for a while and now I could see a cracking or breaking of it that indicates weakness and bearishness. I would suggest to short for now with a stop loss at 1485. Target 1400
The price action breaks out from the prevailing downward moving trendline and indicates bullishness. Targets can been taken to 61.8 Fibonacci levels at 495, stoploss 464
Strong price action break out from descending triangle and then a confirmation back to previous resistance and now moving up to achieve targets of 1252 and 1263. Keep a stoploss at 1229
It is interesting to watch the price action in this particular banking stock as it first had a high volume breakout from a consolidation and now traders having hesitation to take prices up directly so the price action between buyers and sellers is consolidation in a symmetrical triangle. Looking forward to upside breakout.
Price action breaks out from a big triangle formation on 15 mins chart. Target - 455
The price action within the strong consolidated symmetrical triangle breaks upside today that indicates bullishness. Target:91 Stoploss: 86.50
The price action breaks out from the ascending triangle and it shall continue its downward rally to 8570 and 8535 levels.
U.S. economy and currency looking stronger as per the technical chart. Good time to get in at the lowest risk. Target: 0.9200 SL: 0.8750
After a breakout from a long trending channel, the price action has formed another triangle formation that is likely to break downside in order to confirm previous resistance as new support. Target 1205-1201 SL - 1255
It is been consolidating for a while in a range of a bearish flag pattern. It has already broken out from the strong monthly support levels of 1.0000-0.9950 that signals a bearish momentum in the this pair. USD getting stronger.
Last week Friday closing confirmed the weekly breakout of price action from a previously trading range. Trading range was 40 weeks long where we saw major buying and selling of the stock, which is also called Value Area. As per the volume profile, if any stock's price action moves above the value area then it signals a buy opportunity which we could see at...
After confirming a 20 SMA crossover and breakout from previous support, it surely a sell for now to a target of 538
As per the observations on Hourly chart, I have noticed three points as follow: 1. Breakout from trending channel 2. Retracement Back to 61.8 Fibs level 3. Bearish Divergence on MACD and RSI Stop Loss: 1252 Target : 1220
As per the observations, it has made a breakout from downward trending line on daily charts and also building a bull flag pattern. I would be expecting a breakout from current levels to reach target of 1850 levels. Target 1: 1760 Target 2: 1800 Target 3: 1850 Stoploss: 1720
As per the charts, Indian Rupee strong after the breakout from up trending channel with a long candlestick. This gives a indication. It may be because of GST forecast or may be something loosing up in US economy. We have to see with the time. Now, it is confirmed that this may reach to 66 levels again. Stoploss to be maintained at 67.8450
The price action has reached to the bottom and now we have noticed a breakout from a prevailing downward trendline which indicates a positive sentiment emerging in the price action. I have also noticed a MACD crossover and also RSI getting out from oversold areas. This also indicates positive sentiments. On weekly and Monthly chart I noticed a double bottom and...
It has first made a double top at the 2680 levels and recently it has broken that resistance and made its all time high. It shows a strong positive momentum and beginning of a new bull rally. I assume a basic psychological level of 2850-2900 shall be achieved. RSI and MACD both trending up Target1: 2850 Stop: 2600