Weekly closing above trendline support with bullish RSI divergence shows bullish bias. Potential broadening wedge pattern is more likely to form as highlighted if it sustains above trendline support on weekly timeframe. If this plays out as expected, then the max upside should be around 7250 level (top of the wedge pattern). Everyone is having a bearish outlook...
Metal index is showing good moves after budget along with Elliot wave counts. Possibly wave i & ii of 5 is completed, and possibly wave III of 5th is started. Wave Structure could be like this Macd in daily Macd in hourly Rsi in hourly Bollinger band challenged in hourly Dmi adx also positive Disclaimer I am not sebi registered analyst My studies are...
As i said in the video wait for breakout to happen, risky trader may accumulate it @CMP for a target of 52week high/1630+ This is not a call/financial advice and it meant for educational purpose only. I'm not responsible for your profit/losses. check out my other videos too. Hope you guys found useful. Thank you.
Enter only above yellow range and red are the targets, green is the SL, one can trail the position till the Green trend line breaks Share your thought on this, Thank you.
NSE:TATASTEEL Important levels marked on the chart. This is my personal view and not recommendation.
TATA METALIKS 1HR is making a triangle pattern, breakout of that can give good targets.
Studying the EW wave with Harmonic and finding out high probable zones from from which swing high and swing low forms up has been a passion for me. I think EW wave analysis with Harmonic M and W structure provides low risk and high probability setups. One of the advantage of this analysis is to have minimum risk as these are all leading indications of the price...
Possible targets are explained with FIB relations. It is at Harmonic 1.618 FIB PRZ but not showing any weakness still I still feel 1075 to 1100 is a high probable zone from where we should see profit booking.
Since 2010, on the monthly chart, the stock has tested a level of 100 three times. Now the stock is testing level 100 again today. If stock sustains this level, we can see the upcoming levels up to 120 and above in a couple of months. The stock is also strong fundamentally. 1st target 110 2nd Target 120 Sl 96.50
Will SAIL sail through? Coming out of a channel of more than a decade. Plus Metal Super cycle. Supported by huge volumes.
Nifty metal index in wave iv of 3 and would probably move up after this leg in v of 3, where 3=1
Don't get easily fooled by the positive news for metal stocks post budget, here is the weekly chart of Nifty metal! Sideways action since the initiation of the index! Now if you are good at catching tops n and bottoms of the market you can go ahead and trade it, but even Hedge fund managers have a tough time doing this so good luck 😉
TATASTEEL multiyear breakout, strong resistance near 750 level, need to be kept in focus by looking at the price action and the volume levels. levels as high as 910 developed in TATASTEEL. NIFTY METAL performing very good. STEEL companies all over the world performing well. Go long on TATASTEEL with stop loss at 700 level, highly unlikely to be reached. MACD...
Price formed a double top pattern at major resistance level (on monthly charts). At retest of the support, price has formed a Gravestone Doji followed by Bearish Engulfing (on daily charts) both of which are negative signals. Since past 2 years corrections have been triggered from the month of January, again this cycle may be repeated
I has been trading in a rising wedge. Breakout on either side can give a good momentum. Today's candle looks like a hammer at trendline support.
Script giving multiple signals by not crossing crucial 38-40 RSI levels. Option Chain 130 String Support, May Close above 130 by Expiry. All-Time Lowest value Strong Support around 120. Trying to Break 50 Days EMA on a regular basis.
Price Is In Demand Zone . Swing Retraced 0.618 And Taking Support . Buy Above 161 Sl :- 154 , 151.5 Target :- 167 , 180
Inside Bar Formation ( 4 Candle Close Under One Candle ( Doji form on 16 june ) Price Is In Supply Zone ( Tested Once ) Price Is On Resistance Zone ADX Above 25 +DI IS Above -DI Go Short Below 146.75 SL :- 154.6 OR FOR Aggressive ( Previous To The candle which Broke 146.75 High ) Target On Support Of Trendline It can BREAK Trendline also So Trail Your Sl...