Grasim is in up trend on monthly chert, we are at old supply zone and braking of it can give good chance for going long. We are analyzing it on monthly chart so trade will be for long term, keep this levels on your chart if price is not crossing the zone in coming months. Mentioned target can be used for some profit booking. Long term trader can keep the...
As we can see we have downtrend channel resistance just above the price and demand zone just below the price, going long from this point wont be that good trade.
Crude started down move exactly at supply zone, have shared levels on the chart. Structural support exists around 38% Fibonacci level which may become point where price may halt.
As we are approaching the upper line of down trend channel of nifty we need to be ready for big move from those levels, 1) Price can take resistance and reverse 2) Price can trade along the line and move side ways 3) price can move out of channel with force If we want to trade 1st and third possibility then wait for followup on next day. Never try to...
Currently price is in the supply zone and we will be trading only if it closes above or below our entry levels on long and short sides respectively.
We have RSI going in to the below 30 levels and we are at important level of 88%, good place where we can expect price to revers. levels mentioned on the charts are Fibonacci levels considering all time low to all time high in last 20 years. If we go below the 88% then next structural support is around $17 to $18. This is not trade idea or plan but just...
Levels mentioned on the chart. Close above or below mentioned entry levels can provide opportunity for trading.
As we are moving side ways, marking levels to go short and long are important as it can give us good opportunity to make profits in side ways market. Levels marked on charts.
We can visit 1738 going for 23/27 % level of Fibonacci, One needs to be quick in booking profits using demand and supply zones. Levels are mentioned on the charts.
We are at 88% of Fibonacci level and at important junction where are are out of falling trend channel and retesting of lower band of channel is expected. If we come back in to the channel then also the trend remains the same and its down. In falling markets shorting is good idea and in which we can get maximum points.
On weekly chart price is making structural high need to hold structural higher low also.
On weekly charts we are able to find support around marked areas. Price action around these levels is important in future. We are nearing to 50% Fibonacci Level. Next Important level will be 61% hence nifty is expected to react on these levels.
AAPL at old demand zone and can give opportunity to earn more on down side. Supply areas are just above the price. Trading levels are mentioned on chart.
Not suggesting any trade as such just marking areas which will play important role in price movement. Observe the action around these marked levels.
Nifty is in strong down trend, levels where we can expect the change in the trend are marked on chart. Going long in this market wont be a good idea as we are not able to cross the supply zone just above the price.