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SUPPYZONE

ITC - Price Action Analysis The Trend has started by NSE:ITC already reached at the supply zone and also touched the level of 1.131 (Bearish Shark Pattern) at price 338.30 in weekly TF. As per the previous candle closing with rejection, we might assume some profit booking here. SELL : Short opportunity only arise if price breaks the previous week candle low which is 329.70 . BUY: buyers can wait till 300-303 or if its retrace further , you might seen the good correction up to 260 as well. If you have other opinions, please share your comment below and like & follow for upcoming great analysis. Safe Trading ;)
NSE:ITCShort
by vraj8597
5
Close but not quite readyPaypal is down 65% from its ATH last July. It's now flirting with a supply zone that stretches back to 2017. While I'm seeing Bullish Divergence here, I'm also seeing a downward sloping trendline that makes me think we might see one more sharp move down (into the supply zone) before establishing a bottom. If you're a long-term investor, this could be a great place to start building (or adding to) your position. -Mercury ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
NASDAQ:PYPLLong
by mercury_rising
1
ONGC- Price Action Analysis NSE:ONGC already has nearest to their supply zone (143 - 145) and has activated Harmonic BAT pattern with the level of 0.886. BUY : Buying only applicable if price will cross above 145 level and sustains to close on daily basis with high volumes and good momentum. SELL : If any rejection at 143 -145 , might activate Sellers for selling up to 128 -131 and breaking this zone creates tremendous sell off till 115. NOTE : Safe trader can buy above 145 or wait till if price comes at 128 -131 and creates reversal confirmation candle.
NSE:ONGCShort
by vraj8597
GBPAUD: SHORT TRADE IDEA (250 PIPS REWARD)GBPAUD is looking bearish as buyers are losing hold from the 61.8% fibonacci level, Hopefully bearish sentiment continues with this momentum and drive price downwards towards 1.9300 level(TP level). This would certainly be a move for next week. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck ! Happy Friday :)
Short
by Tim298