However, a Bullish Divergence on Weekly as well as Monthly TF is a Positive Sign On the flip side, it may take Support from 53 then 49. Weekly Closing above 53 may trigger Positivity
Bullish on all Time Frames However, Slight Bearish Divergence on Weekly TF is also observed
a Bullish Pin Bar at a Trendline Support is actually a Positive Sign favoring Bulls Double Bottom Formation is around 86 that seems less likely to hit due to the formation of a Morning Star on Daily Basis However, 92.60 is a Hurdle for now Entry can be taken at CMP or around 90 with a Stoploss of 85 (on Closing basis) Initial Target to be around 95 - 96 & then 99 - 100
Bullish on Weekly as well as Monthly TF Cup & Handle Formation Targets around 118
Double bottom with Bullish Divergence on Monthly TF Also a Good Trendline Support making an ascending Triangle formation All these are Positive Triggers on Monthly TF
Double Bottom to be around 29.50 Weekly Support is around 28.70 - 29 that needs to be sustained (in worst case) Initially 30 should be Sustained Stance: May Take Risk with a Stoploss of 28.50 on Closing basis
Though Still Bearish but, Currently at Important Support level Bullish Divergence on Daily TF is also observed Stance: Not a Good Time to Book Loss! Infact average or New entry is Recommended with a Stoploss below 6 on Closing basis
Bearish on Shorter TF but making an Ascending Triangle Formation possible supports can be around 11.30 - 11.70 Stoploss should be 9.90 (on closing basis)
After Successfull Trade as per Our Call # 161; Now: 11 should be Sustained for Further Upside Those who did not book Profit, may trail their Stoploss at 9.40 on Closing basis
Now should Cross 61 to continue this uptrend Next resistance would be then around 72 - 73 initially On the flip side, 53.50 - 54 may act as a Strong Support Entry can be taken with a Stoploss of 49 on Closing basis
Bearish Divergence on Daily TF but Bullish However, Bullish Engulfer is expected On Weekly basis if Closes above 111.50 Making HH HL on Daily TF 111 - 112 can be a Good Support area to take Risk if we can see few Bullish Candles at this level 100 can be the Stoploss level on Closing Basis
Though Bullish on All Time Frames, Bearish Divergence on Monthly TF + Double Bottom around 57 - 58 are favoring Bears However, Bullish Momentum will Only be Continued if 58 - 59 is Sustained
Strong Support is around 4.60 - 5 Closing above this level would be a positive sign
Entry can be taken with a Stoploss of 137 on Closing basis However, Closing above 139.60 - 140 is a Positive Sign 144 is a Very Strong Resistance Risk Averse Players may wait to Cross & Sustain 144; Next Important Resistance is around 147
May Take Support around 216 - 217 However, Bearish Divergence on Weekly TF weakens its Entry here Those who Understand Technical Moves, please note that, Initially 224 - 225 should be Crossed & Sustained for Immediate Target around 234 - 235 Stoploss should be 198 on Closing basis
However, Closing above 19 can be a positive sign 19.40 - 19.50 is the Initial Resistance Sustaining this level will lead it to 21 - 22. Next Strong Resistance will be around 24 - 25
though Not Yet Bullish but Bullish Divergence on Daily TF a perfect 23.60% Support around 12.50 Double Bottom formation is expected at same level around 12.40 - 12.50
Bullish on Weekly as well as Monthly TF However, Bearish Divergence is also observed on Weekly TF