Current scenario seems to be a corrective move , that too in a triangular wave structure before the currency prepare gives a terminal thrust to complete its 1-2-3-4-5 impulsive wave. As of now the price will move up & likely to face resistance near the zone of 1.18500 which will complete the wave - d of the triangular wave. After facing the resistance , the...
Follow the trend , Short only when there is a polarity reversal.
Range breakout, Bullish, accumulate on dips or current level for the target of 33.
It seems the pair is just finishing its final leg as wave- e of the corrective triangular wave structure & is ready to give an upside push.
Above 70 stock will lead to the level of 90 !
analysis mentioned on the chart
SBI - One of the largest Bank of India. As per technical structure it is forming a BULLISH FLAG pattern & is consolidating since 10 years in a horizontal trading range. This share can be accumulated at the lower trading range in the zone of 145-150 levels. If we get any closing below 140 & prices start sustaining below 140 levels will lead the stock to reach...
Formation of an impulsive wave having 4th wave already completed. Currently the stock is trading in the 5th wave which is expected to be completed in the zone of 35-34. The idea will be invalidated if the stock sustained above the level of 86 till then it is sell on rise candidate.
analysis mentioned on chart.
after forming a zigzag corrective pattern, the pair is ready to break the recent lows.
analysis mentioned on the chart !