it will be interesting to see which side will it break , but currently it is at the lower trendline support
as we can see price is available at the line where it has taken support multiple times, technically macd crossover has happened in daily time frame , rsi below 30 , stochastic showing oversold , both trendlines giving confirmation of a support , so a long position can be initiated here.
from the chart it is clear that stock is reacting to the drawn lines, it is indicating that stock is in clear downtrend and trusted buying could be done only at the purple line which is lying around 645-650. right now price is at 30 month high + 30 month low /2 and also 60 month high + 60 month low /2 , both of them are lying at 676.38 eventually, making the...
this script is around support area, keep an eye on it and add it to your watch list
Dear friends, Most of the time we first guess, then assume and finally start calculating whether the price of an instrument is to go up or down.We then make a strategy either to go long or short, still a number of times we fail to gain the profit as per calculations. It is because of the swings that creates confusion and we have to close our positions in...
we can see multiple times this area has created long long wicks in weekly candle. As the week is just starting and last week it has given close above 1/3 gann angle at a higher timeframe, and also the is in oversold area, shorting now safe till 725.5 where it is lying the yearly pivot. I do not think this can reverse trend before touching yearly pivot. However a...
refer chart , we can see a big short candle today with a long wick . it says buyers are there at the lower level but I feel it will be a good idea to go short keeping a stop at 35960 for a target of 34200
use strict stoploss and refer chart for a clear understanding.
as we can see script is now available at the lower leg of the trending channel , so a long position can be initiated , for daily traders stoploss should be 848 and for long time traders stoploss should be 834. its 50 week ema is at 890-895 so target should be 890 for day traders and for weekly traders a trailing stoploss can be used as per comfort.
as we can see the gann line has taken multiple times the selling pressure and has absorbed it well. so this time also expecting the same thing to happen again as stock has tested 50 day ema and daily chart ichimoku kijunsen is at 421.7 exactly from where it has shown a pull back. let s hope for the best for the buyers.
script has created a bullish bat pattern can be bought with 1 percent stoploss of previous day low for a good profit. refer chart
dlf has shown active price denial action at 1.618 retracement line of last year march low. So, taking it a trend reversal point a short can be initiated for target 317. For better understanding refer chart
it can be clearly seen that the script is struggling at 1.272 retracement level since last 3 months at the price 434.80 to give a monthly close above it and not succeeding. But also each month a higher wick is making in the process. Also schiff pitchfork 0.5 retracement line has become a hard obstacle to breakout since last 4 months , here it is also not win over...
well market is all about thinking opposite what the market is expecting. as a rule 2.618 considered overbought in any time frame , it is here icicibank trading and struggled at 2.618 level in daily time frame, rest all other higher time frames have green closes. so keeping a stoploss at 707 on daily close basis I will like to short this script for target 680.
it is struggling at 4803, a daily close above it might give a pull back of 100 points. sell can also be initiated close below black line.
as we can see the sock has broken triangle pattern convincingly and has entered the demand zone, for long term investors it will be a good idea to accumulate now.
pel has reached 78.6 retracement of its all time high , so keeping a stoploss of around 90 points a short can be initiated for target of 90 points initially which can be trailed with modified stoploss.
as we can see rbl bank is bottomed at a harmonic levels and creating a bat pattern. so for long term traders stoploss should be 170 with a target of 200.