AUBANK has given the breakout. It has been in the range then gave a breakout now again it has given the 2nd breakout people who missed the 1st rally might enter now. It will be a nice trade of 1:4 :: R: R. Reason: Bullish Flag and POLE breakout. Support at the VWAP. RSI is entering in Bullish zone. Successful breakout after 5 months High Volume is traded...
as we have been discussing in our last post We have achieved the Target on Nifty. All the important levels are marked on chart.
Banknifty has been consoladating on All-time-High, after proper Tripple TOP formation it has given the breakout to the downside. Now at 45888 It might have a support if that breaks to the downside it will give a very nice target of min 500 points because next Support zone will be near 45313. Reason : Nifty Formed tripple top at all-time-high. RSI value is...
As we have been discussing, NIFTY fall in our last posts. We can see NIFTY has successfully given the breakout yesterday. We could see a nice volume hike at the last hour. Nifty was trading at an all-time high from that; it formed a rising wedge and gave a nice successful break to the downside. Now, we might see a nice move to the downside this week. Reason : ...
GBPUSD is a popular Forex pair that covers 9.6% trading volume pair. GBPUSD has been moving in the falling wedge and soon seems to give a breakout. RSI is moving in the range of 30-50, showing the consolidation region. By looking at the chart structure, it gives a breakout soon. Reason : Trading at strong support Zone. Has been in falling wedge...
GBPUSD is one of the trading pair. By looking on the current structure on chart we can say it's below the major trend. And also reaching to the high demand zone. There is a good possibility it will be bouncing back from here because of Reason : 1. RSI is in oversold zone. But don't have good strength so buyers will start making positions here. 2. Zone has...
AUDUSD is a forex instrument that has 5.4% of trading volume. The Instrument has been in a falling wedge pattern and seems to continue its trend for some time. It has touched the above trendline and might break the rectangle pattern to the downside. If it happens, it might give a violent move to the downside. Once it breaks, wait for the retest, and then enter...
EURUSD is a Forex instrument; by looking at the chart, we can see that EURUSD has been in consolidation mode for the last two months. It's roaming in the support ZONE right now. The consolidation band is contracting and might give a break this time. If it breaks to the upside, it can give nice targets of R: R:: 1:3. Reason : RSI moving up from oversold Zone....
As we discussed, the nifty moment in the morning has been moving in the rising wedge pattern that shows the bulls' weakness. So, a Break of the trendline might trigger a violent move to the downside. Nifty is already trending at an all-time high and has been consolidating for three days. According to the morning update, you might see a good move to the downside soon.
as we have discussed in our last posts, NIFTY is consolidating in the assending trangle or Rising wedge . which is a netrual pattern. by looking at the formation of the pattern it seems the prepration of the upcoming pull back to downside. Reasons : Option chain PCR: 1.22 (Bullish) Consolidating in the assending trangle or Rising wedge which is...
TRU is a performance-based stock. On 28th Aug 23, I posted it's breakout. But unfortunately, it could not be a successful breakout. Now, TRU has retested the Support trendline and is bouncing back. There is a minor resistance at 64 because it has been tested multiple times. This time, it is more likely to break to the upside. Reason : Stock has been...
BALRAMPURCHIN is a performance based stock. and if we look at the chart we can see it has given the breakout after a nice consolidation of more than 1 year. it’s expected to give a nice target of R:R :: 1:3. Reason : Bullish trangle breakout. Support at the VWAP. RSI is in Bullish zone, Trendline break of RSI. Successful breakout after 14 months High...
As we have discussed in our last analysis nifty is trading at All-time-HIGH . So, some consolidation was requried. Today is expiry we mostly expiry used to be sidewways momentum. We can see NIfty has Created a RANGE 19950-20100 . Today I am expecting the sideways moment. ALL important levels are marked on chart. Reason PCR = 1.16 (Bullish) Huge PUT...
Any stock moves in the form of accumulation -> trend -> distribution. Nifty started the accumulation phase and went into the trend; as it touches time high now, people will start booking their profits. As we discussed in yesterday's analysis, it requires some consolidation today. It was mostly consolidation today. As Expiry is the day after tomorrow, I am not...
As we Have been discussing NIFTY gave a breakout on 2st SEP, SInce than we have been playing long on NIFTY. NIFTY flag and pole target is still not completed. Nifty has broken all time high but today's volume was not good enough thats shows people are having Fear of all time high. If we see Nifty Options chain data its super bullish. I am expecting a little...
SUVEN is a performance based stock. and if we look at the chart we can see it has given the breakout after a nice consolidation of more than 1 year. it’s expected to give a nice target of R:R :: 1:5. Reason Support at the VWAP. RSI is in Bullish zone, Trendline break of trangle. Successful breakout after 14 months High Volume trade last 2 days. ...
Hitech is a performance based stock. and if we look at the chart we can see it has given the breakout after a nice consolidation of 6 months. it's exoected to give a nice target of R:R :: 1:4. Reason Support at the VWAP. RSI is in Bullish zone. expected to go higher. Successful breakout after the 6 month consolidation. High Volume trade last 2 days. ...
PEL has gievn breakout earlier. After the 1st eliot Wave it had a nice consolidation and now ready to go for wave 2. people who missed the 1st wave entry can enter here. Reason : Eliot Wave thoery 2nd wave is about to start RSI is bullish Zone, and showing RSI bullish Diversion. Price is > EMAs Price has taken support at VWAP. Break of the important...