OK_Rane

OK_Rane

The Major pattern is the Broadening pattern which stock is following since last year October 2019, it has almost doubled from then. but if you see from April2020, the stock was consolidating sideways forming channel pattern. So indirectly it contributed towards flag formation, it has broken upside. Technically, There are 2 Targets , Channel and Flag Formation T1...

OK_Rane

The set up has completed round shape, now currently forming handle part, it usually takes 1 month. The probable retrenchment are drawn, wait for formation to get complete. On reversal if price crosses neckline (103) , It may go up to 140-150. Duration will be 8-9 week after neckline break out to reach the estimated level.

OK_Rane

After 4 months of sideways consolidation, Price movement was uncertain, it was creating lower high and higher low continuously as result of that symmetrical triangle appeared. You can observe EMA cross over too Target : 1243, 1356, 1416 Stop loss : 1137 Entry: 1175

OK_Rane

Reasons: 1. Triangle break out, sustain above it 2. Increase in Open interest with Future Price 3. High Volume 4. Fast EMA crosses Medium EMA * 60% of the shares are owned by MF and FII's, apply trailing stop loss (upside only) Entry : 62 Exit : 78 Stop Loss: 56

OK_Rane

Reasons: 1. Diagonal channel break out 2. Delivery volume is increasing in comparison to day, week and month 3.High Volume 4. Relative Strength 5. Monthly options Stats : 800 and 900 has maximum call writing Entry Point : Ideal price is 784, today's high but you can enter at current price Price Target : T1 : 805 ( previous 3 month resistance, Highest call...

OK_Rane

Reasons 1. Stock is above 200EMA 2. Ascending Triangle Breakout 3. High Volume 4.Relative Strength Index 5. Delivery Percentage 48.50% Targets 1. 69.55 (70%) 2. 75 (30%) Stop losses base on risk appetite 1. 55.10 2. 53.70

OK_Rane

Targets 1st : 304 2nd : 320 Duration : 3 to 4 weeks Reasons: 1. News : Privatization of Railways, 30000 cr. more investment 2. Symmetrical triangle break out 3. Stock is above 200 EMA 4. Fast moving average about to cross over

OK_Rane

Reasons : Last 3 candles 1st day red candle 2nd day gap down follow by recovery 3rd day gap up with long green candle High Volume broken down 204.40 resistance, represent 23.60% level as well First Target 240 Second Target : 257 ***You can go long on this stock, has good financial ratios

OK_Rane

Positive factors : 1. 2 out of 3 windows are closed 2. Respected the trend line support 3. Piercing candle 4. Slightly closed above 50% retrencement Negative Factors: 1. 10000 level is psychological support 2. didn't close 3rd window It was an optimistic effort by bulls, Still the price area slightly vulnerable it is not favorable for defensive traders, enter...

OK_Rane

Reason: 1. 3 Window formations 2. Strong refusal after Grave stone formation 3. 3rd window is closed today 4. Over Bought Entry : Current Price Stop Loss: 88.35 Exit 1st : 85.25 Exit 2nd :83.30 *Red line are Resistance *Green lines are Support

OK_Rane

Technical Part : Stock was rejected upside after last week rally, it didn't have any price support in that trajectory, we saw the profit booking on Monday. Some might say, it happened due to financial report but that was just a bite at the cherry. Now stock has retraced more than 50% and heading towards 61.80%. It is Excellent Bargain Price where you can get...

OK_Rane

Things to look at 1. Price is at the base of ascending channel, highlighted with pink color 2. 10000 resistance level, 3 times tested in current rally. It also represent 0.618 retrenchment level based on 2019 July High, 13963 level 3. RSI decreasing

OK_Rane

It already hit 9500 level, that was intersect point where green line that represent Symmetrical triangle on weekly time frame which got cross over with purple line that represent channel resistance on 4 hrs time frame. now I expect, It to be fall on 7950 or 7600 level within next 4-5 days

OK_Rane

BTC likely to get reverse from 9400-9500 level, It may fall on 7800-7900 level. It will take time to break symmetrical triangle , you can close off your position over there. Still volume is not in favor, it is in downtrend, you can see divergence at MACD as well. Don't get carried away

OK_Rane

Last week, we have seen slight pull back, reason could be the year ending and It supposed to be temporary, There is strong resistance at 8900 -9000 level Follow by support at 7900 to 8100 level, it looks vulnerable under current scenario. So, nifty could go below 6850-7000 level, that may happens if lock down extended further. You can start your buy in process...

OK_Rane

We can say, the reliance has sustain the movement which it received yesterday. "When reliance runs, it make sure nifty will run too" It is closed above 23.60% retrenchment level and has got historical support as well, mark with green trend line. next resistance will be at 1155-1168 level. make short purchase at CMP, if market dynamic changes, it goes dip again...

OK_Rane

Patterns to be observed, 1. Head and Shoulder pattern accompanied within descending triangle. 2. Fibonacci Retrenchment level resistance at 23.60% and value is 2.33 USD. 3. EOS Trading above weekly pivot central level i.e 2.12 USD 4. Support level 1.76 to 1.90 USD 5. Increase Volume 6. MACD cross over Buy it on Breakout and EMA Cross over

OK_Rane

2 days back we saw bearish flag reversal in ETH but it unable to sustain the momentum, now, it has back to bearish trajectory. It had crossed the important level of 23.60% Fibonacci retracement and central pivot level on weekly time frame. Entry point is :145-150 Strong support at:100-105 1 st Resistance: 160-163 2nd Resistance: 180-185 3rd Resistance:210-215