Coal India is Currently trading at a Strong Support of 200. Also, the candle indicate an incoming buying pressure at this level. A strong close over 202.5 range could trigger an up move till 218 / 225
Expecting Short up to 0.8965 upon breakdown in AUD CAD
VEDL is Currently reacting to the Resistance created by the Trend Line. The candle patterns suggest a recurring selling pressure arising from this Level. Also, there is a Bear Sash pattern here (Marked in arrow), indicating that the stock has prepared for a down move in the coming days.
After a Strong 'Bull Run' Emera gets its well deserved rest. The price has formed a Triple Top pattern (Marked in Flags) which indicates a Selling Dominance. Also, the recent Candle patterns clearly suggest the presence of Selling Coming to Trend lines, it's really a wonderful sight! The last Swing point of every Trend line, Neatly connects to the Next - like...
Jindal Steel which has been trading around a Round Number Level of 100 is now breaking out of it in a strong way. After gathering momentum for more than 4 months at a Strong Psychological Support , we can only expect the price trend to reverse.
Mcdowell trades in a General Uptrend; and we see a Strong Price Consolidation as the price begins to slide. This only Adds more Strength to the Existing Uptrend. There are TWO Geometrical Chart patterns, a Triangle, and a Rectangle, in Mcdowell, both indicating a Strong consolidation, which usually is a Preparation for the Next Big Move. Now, with the...
Nifty finally managed to break out of a Strong Resistance at 11,700 levels. The candles prior to Break out indicates a small consolidation at a Resistance. And when price consolidates at a Resistance, it tends to continue in the same direction most of the times. So, we can expect Nifty to make New Highs soon
M&M has made new Higher highs and Higher Lows (Marked in Arrows), indicating that a New Up trend is established. We also see an Ascending Triangle Pattern, which is a continuation pattern, that indicates a resumption of the underlying Up-trend. The price is Currently stuck at a Round number Resistance @ 600 , breaking out of which would create a Strong move...
A Bull Flag pattern has formed in AUBANK (NSE). The price had been Trading in a Range between 640 & 700 for nearly 5 Months now. And now we see a Bull Flag pattern in it. The candle patterns are also indicating a Slowness in Selling pressure, arising from the Round number Resistance, 700. After months of Grinding, now the Buying is picking up momentum -...
RECLTD is reacting to a Strong Support level @ 127 level. The price began to trade in a Range at this level, which indicates an incoming Buying Pressure. Also, the price managed to close Above the 132 Resistance Level, which also indicates the Buying Strength. So, we can Expect the price to continue in its newly established trend. A break down below 122 levels...
A Neat descending Triangle in Cumminsind indicates indicates selling, since a descending triangle is a sell pattern. But the Price flow in this Chart indicates that the price is Strongly rejecting any new Lows at 550 (Round Number Support) which indicates incoming Buying pressure around this area. Also, we see a Break out of the Triangle, giving a slight...
A Strong Resistance (in 4 Hour Time Frame) at 210 levels in Berkshire Hathway doesn't seem to discourage the Buying Activity. The price still Strongly holds the line at around 207.50 level. Although the candles suggest selling pressure, a strong selling is yet to arrive. This reaction could be for the 210 (Round Number) level. What we see at this level is more...
MSFT is trading near its highs. Up top, we find a very nice ascending triangle pattern. Despite the selling pressure that the Stock has been facing for past two months, The price still comfortably reclines on this up trend line. We also see multiple Low rejections in the candles as the price declines toward this Trend line (Marked in Green arrows). And for...
An attempt that started during the first week of July, has finally succeeded. Ever since the price broke out of 10,000 Mark, during Mid-June, all we could see is a building up of selling pressure - attempting to drive the price back down. We could clearly see that, from then on every attempt that is made to take the Price up (beyond the Trend line), is met with...
A Sharp triangle is formed in Crude oil (Weekly). Interestingly the price is Trading near a Strong Psychological Support of $50 . Will the Crude oil be able to break out of this range? Interestingly, Crude oil has also created a Rectangle pattern over the weeks. A Rectangle inside a Triangle - It only indicates there's a lot going on around this area of $50 &...
Gold Broke out of a Strong Range a few weeks ago. Gold was trading in this range for nearly a year now. This in itself is a Strong indication of buying momentum. Adding to this, there was also a (Micro)Trend Line Support, which Gold used to gain a little more Up-Thrust! It has been 4 months now and we see some incoming Selling pressure at the tops (Marked by...