Apple, prices are taking support near $91-92 and recovering since last year. prices have formed Descending triangle and is expected to give breakout any time soon. prices have already made low trice and touched the lower band while prices on upper band has been touch twice.
As per my study, prices are expected to touch higher and likely to give a positive...
We have seen that crude prices have recovered nearly $12 from lower levels. Technically prices have formed bearish shark pattern and can correct till $30. One should think to book their long position somewhere around $38.5-$39. Technically, short can be done around $40 with stop of $43.50 and could wait lower till $32.
Nifty 50 Index has formed Head & Shoulder pattern and it has break with opening below the neck line. Prices has opened with almost 1 percent down and sustained below the same till last session of todays market. Moreover it has seen that RSI 14,9 is also suggesting positive divergence, in which prices should trade higher. Need to see what market actually follow the...
JSW Energy owned by billionaire Sajjan Jindal. JSW Energy has given sharp recovery from the bottom and it it likely tot trade higher till lower band of descending channel. Prices has been shoot up with positive RSI(14,9) , where RSI has exited from oversold zone. Traders should accumulate it with SL of 68 with Target of 84 and 100 in short term.
Escorts India prices has shoot up and break both horizontal trend line as well as ascending trend line. Prices might find some resistance near previous high but as per volume analysis and RSI suggest that it will give breakout of previous high. Hence, buying is recommended for the target of 180 in coming weaks
Vipul stock has been seen some fresh buying as two major block deals also happen in yesterdays trading session. Prices has given breakout of descending trend line with strong volume. Next resistance for prices might be the levels where horizontal and ascending trend line crosses each other. Accumulate for the target of 51.00
As some notification has been coming from government on exporting sugar and as per the international rates this would be a key factor for sugar companies to increase their margin. Shree Renuka is one of the biggest producers of sugar and likely to get most benefit. Technically, Shree Renuka has breakdown the descending trendline and given close above the same. As...
JSW Steel has been sharply recovered from nearly 52 week low. Some short covering is taking place and some traders have created as it seems some good momentum in this week's trading session. Overall Metals trend is bearish and short covering is expected till 1020. As overall trend is bearish this long position is only suggested till next week.
After a long rally now it seems that prices are struggling around 1.618 of Fib Retra. Prices have breakdown the NIKE pattern and also traded below the ascending trend line of 45' . Price seems that it is possible that prices may trade lower till 1.000 Fib Retra
As Crude Oil has been recovered after a three day fall. While, IOC chart also suggest that prices may take some resistance around upper trend line. Prices of Indian Oil is likely to trade lower around 380 or levels
TCS prices are tacking resistance of downward slopping trend line and it is likely to give bullish breakout . As per the pattern AB=CD it is likely to trade positive and strong USD against INR likely to force prices towards north.
Applying Fib Retracement and RSI on GBPINR chart, we can analyze that RSI is indicating Bearish Divergence. While, On Fib Retracement prices are trading near 3/1, breaking below the same can likely to trade lower to touch 4/1. Overall it seems to be that INR is going to appreciate against GBP
It has clearly seen that RSI is forming bullish divergence. Breakout of Higher band around 150/152 levels and sustaining above the same price might trades towards north and retrace till 61.8% which comes around 175
As we can see that prices are trading in lower channel and after short covering now prices is likely to take resistance of higher band again. Prices can be short with strict stop loss of higher band on closing basis and one should wait for the target of 215, breaking and sustaining below the same might trade lower to touch lower band to continue the channel
It is clearly shown in chart that prices have taken support of lower band around 2160/2180 and it has moved towards north to touch higher band 2500/2520. It should be accumulate on every dip as it is expected to form higher high- higher low pattern. Trading above the higher band likely to trade higher till 2700