weak counter likely to show a breakdown below 180 the counter is facing resistance on every upmove it can witness a decent downmove #shortsell candidate
Box size: The minimum price movement required for a new column to be added to the chart. Reversal amount: The number of Xs or O's in a column before a new column is added. Support and resistance levels : Areas where the price has difficulty falling below (support) or rising above (resistance). Price targets: The level at which a trader expects the price to...
Point and figure charting is a type of technical analysis that is used to identify trends and potential buying or selling opportunities in a security's price. Unlike traditional bar charts, which display a security's price and volume over a while, point and figure charts only show price movements, disregarding the passage of time. The chart is constructed using...
USDINR: it used to trade with 97% precision in regression channel trends, which is now decisively broken. The current candle seems more like a temporary pullback and the Indian currency might witness strength in upcoming sessions. only believing charts, I would be comfortable having a short stance for target 79.95
Bollinger band suggest the counter is ready to make a breakout multiple times respected bollinger band earlier as shown in the chart. the counter in past have seen support from mid or lower band while resistance at the upper band along with retracements at mid band when in uptrend. which sugest the counter is a good candidate to play via BB
Ceat tyre was in uptrend however stock on weekly chart was making multiple wicks at higherareas. the stock was trading near earlier resistance. The RSI indicator suggested heavily overbought with above 2 things into place. also along with this there was a lower high formation too! indicating supply !
PCBL is a proxy play for auto upmove Stock consolidating near life high areas ! a high probability counter to get dobled up with a horizon of not less than 2 years
short sell pullback trade idea with high+200 point sl
the stock has spent good amt of time in zone 175 to 180 odd zone now trying to lift up o higher zone to mke a new LTH so as per charts , a pullback upto 180/185 levels will be an excellent entry for 200/202 zone with stop at 175 odd zones
the stock as per chart and price action is a range play for either sides overall good as long as above 830 for 950/960 targets wile a good short opportunity in zone 950/970 for 830/820 targets
apollo hospital biased sell