The long term support of 80.75 was broken on Monthly chart. Weak Relative Strength when compared to Nifty50 Index
Head and Shoulder Pattern in Monthly Chart Formation Took 4 Years. Major downtrend possible in next 2 Years in the Bharat Forge. Also, lower high can be seen in the ratio of Bharat Forge to Nifty Levels.
Double Bottom RSI Divergence High Relative Strength wrt Nifty50 Premium Beverage company hit by the covid-19 may rise.
RSI Divergence found in Manappuram Finance Ltd in weekly charts. People may not prefer Baning Finance, another side effect of Covid-19 Quarantine.
Bearish Triangle + Bad data
Crude may hit more high due to the increase in demand as many countries have open the lockdown and technically the RSI divergence is visible. The weekly close above the 30.12 will give a positive view in the analysis.
There are many types of chart. Line Chart Bar Chart Candlestick Chart Heikin Ashi Chart Kaagi Chart Point & Figure Chart In this we will study only the first three charts, which shows the true value of the security with respect to time. The other three are calculated values and do not show the true value at particular time interval. To learn more ...
Case 1: Symmetric triangle pattern in silver and silver to gold ratio at an important resistance. If the resistance is crossed, silver may outperformed gold in this bullish cycle. Also, if volume supports, this can be bullish wave 5 (Elliott Wave Count) Case 2: On the contrary, if the volume does not support and this just makes a new high and return back,...
Bullish Flag Chart Pattern + Bullish Thrusting Candlestick Pattern
Inverted H&S + Production Demand
Double bottom + RSI Divergence can be seen in weekly charts.
Double Top Formation. Fall of an angel. In this case Asian Paints.
Double Bottom + RSI Divergence
Bearish Descending Triangle in Play