Trendz9

Trendz9

RECL had given break out of H&S pattern on monthly chart. Monthly chart are to be read as longterm view. Views on RECL are for next 6 month. Recl after giving life time high of 167 on May 2017, had corrected to Rs 60 in march 20. Till October 202 it retraced 0.382 Fibonacci level two times Makig it double top. From Oct 21 till May 22 it retraced to 83,which is ...

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Nifty had retraced 0.618 level of 15100 to 18900 move at 16800 from last June till 13 March. On weekly chart nifty is making higher high and higher low for last 10 week. ( green line). Since 13 is a fibonacci no nifty is expected to make new high and low for 3 more weeks. ( it is based on Fibonacci levels not necessary). MacD is just above signal line and just...

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Dow opened at 32787 gave low of 32700. After an hour Dow broke yesterdays high and with no no time next candle stick made high of 33028. Yester day after making low of 32575 Dow recovered forming shooting star pattern, which is formed because of buyers emerging at lower lever an pushing index up. Today is follow up buying day. If Dow closes with green long...

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Yesterday Dow had closed at 33055. This is third time Dow had come near 33000 support area. This was also support zone from Dec to 5th Jan and then Dow had made high of 34400. Today too Dow had closed near support zone. Question is what next. As per our previous analysis, Dow is facing resistance at lower high made on 10th May @ 33772 and 19th may @ 33650. The...

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On 1st May after forming bearish shooting star pattern Dow had made new lower high trend at 33652. Dow after giving false breakdown below 50 DMA on 16th May Dow was not able to break above 20 DMA (red line ). Instead it made new lower low yesterday( as per today's candle stick.) As per chart Dow is stuck b/w 20 and 50 DMA in small range. MaCD is in neutral zone ....

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1. From 1 Dec 2022 till 8 March Nifty had made lower low and lower high. 2. From 16 March to 27 March Nifty had made 3 bottom @ 16800, and reversed the trend, making higher low and higher high till 15th May. 16th may it was unable to make new high , instead made double top@ 18475 and retraced three day making lower low. On 19th may shooting star...

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In last analysis we noticed that Dow was taking support at 20 DEMA. Will Dow hold this support or not is big question. If we have look at MACD Signal it is showing a sell signal. So technical. parameters are saying Dow is going to break 20 DEMA. Now if we see fundamentals thei banks are going through tough times. Inflation is till high, and if Tuesdays IP data...

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A perfect bearish Shooting star pattern formed at top of rally and confirmation candle ctick on 2nd May and today bearish engulfing candlestick pattern is making Dow look much bearish. Target for this pattern is 32000 with sl above todays high