OK_Rane

OK_Rane

After a down fall of last week, Nifty taken a support on extended trend line of previous downward channel and consolidated for last 4 sessions. Today, it given a breakout of wedge pattern. It is a reversal pattern. Short term view of next 4-5 session suggests, nifty to move at 18000 level. consider, 17450 as support

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Today, Must be a tough day at office, we are going through a sharp correction but it is just way of the market. We should acclimatize with it. Lets begin with analysis, Assuming the Current price action, Nifty had formed Head and Shoulder pattern which suggests correction up to 16800 and If you consider ABC wave formation it shows completion at 16600. So these...

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Tata Power has strong momentum with volume rise. It has given Wedge Breakout, as it has surpasses ATH and it is likely to reach 172-175 by Monday. Sectoral tailwinds are in favour, keep stoploss at upper trendline

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Price reversal has crossed 50% value from the top, retracement is expected at this Point as it comes near fibo ratios and historical resistance, both are coincides with each other. I checked MVRV ratio, it is overvalued. Volume activity is quite low. It is the time to take 50 - 60% exit, let the prices settle over 50 K, Support levels are 47.5 K and 43.3 K

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We are probably under 4th wave of Major wave C. it is behaving as per the characteristic of wave 4 which is complex because wave 2 was simple and it has consolidated in tringle form. this correction may last still mid august. Short it below 30 K

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Target : 180, 165 Duration : 20 to 30 Days

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Why ? Fundamentally strong coins are holding the position, which is rare but excellent sign. Previously, every altcoins used to follow BTC but this time we are witnessing the resistance. BTC dominance is inversely proportional to Alt coins. Does it mean, people are understanding the value of cryptocurrency? No, but it has slightly improve. unless regulation...

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Price has taken support over broadening ascending channel, Targeted zones are highlighted with red horizontal line. take a position with the stop loss of 1936.

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I have plotted Descending Channel Break out chart with ABC wave. Triangle target 7.25 with the Stoploss of 6.68.

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Price has taken support over 585 to 595 level, ABCD pattern has been predicted which gets complete at next resistance level that comes around 690 to 705 level. Target should be, 690 and 705 with stop loss of 595. Recently announced dividend that causes this pressure of selling, it has reduced the delivery volume by 2%. Duration of the trade should be 1 Month

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Observations : 1. Expanding channel contains 2 patterns, Head and Shoulder, Cup and Handle. 2. Breakout with increase in Volume 3. Strong momentum 4. Fundamentally strong deal Targets: T1 : 112 T2 : 125 Stoploss: 97

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Observations: 1. High Volume in last 2 Days 2. Channel Breakout 3. Price has taken support over 200 EMA Entry : 30% at Current price and 70% at 115 Stop loss: 104 Target: 127 to 129

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- Symmetrical triangle Breakout - High Volume - Support on 200 EMA First Target 290-293 Second Target 320

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- Bearish Butterfly formation - increased in selling formation - Overbought level - Price extended to upper Bollinger Band Stop loss : 81250 1st Target : 67600 to 68850 2nd Target : 53400 to 56650

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Observtions: 1. Bullish shark pattern 2. Price is at lower end of Bollinger band 3. Reversal with Doji formation 4. RSI is at 37 Target : 1st 5.45 2nd C point 6.10(highlighted region) Stoploss: 4.30

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Observations : 1. Expanding channel pattern 2. Current price at support of 379 to 381 level 3. More than 50% retrenchment 4. RSI Divergence Entry 393 Stop loss 378 Exit 425 Risk Reward Ratio: 2.28

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1. This is a good stock at affordable price. Investors can look for this stock, current movement is bearish. here I have drawn cup and handle pattern, where target could have been 70 if neckline was broken at 45. now with help of fibonacci I have drawn probable retracement levels 2. RSI is in Oversold trajectory. 3. 200EMA resistance Entry level :31-35 Exit :...

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since last 15 - 20 days BTC is consolidating, It is likely to break down side. Considering the current channel, It may come to 10130 to 10150 level and you can oberved the decline in relative strength as well. Duration : 7 to 10 days.