Bandhan Bank seems to look back in consolidation. Therefore, the nearest support becomes the target and previous resistance as SL. Therefore, Enter at CMP 286, Target of 265, and SL of 297.
Gujarat Gas Ltd was in an uptrend in the last few weeks and retested its neckline of H&S. The stock achieved its 1st target (392) as described in the previous idea. Now after the retest it might go for the 2nd target which is placed at 325 from the current levels of 458.
Crude oil may have seen some resistance at 95, therefore entering a consolidation in the range of 87 to 95, where 87 might be good support. Breaking 87 might not be possible as it has lost its momentum in the current downswing. Therefore, it is expected that crude might jump from 87.
Cyclic Pattern Formation. Bullish Cycle ready to start Divergence found on RSI in Monthly Chart
TSLA has breakdown the Ascending broadening Wedge in the daily chart. It may give an opportunity to short sellers for 50% of profit which has been taken from the max height difference of the ascending lower line and the top + support. The stop loss of 25% is deviced from the last resistance. This is not an investment advice, only a speculation. So not follow it...
The price of bank nifty was on an uptrend for a long time and was following a ladder pattern. The breakdown from the ladder resulted in a consolidation A-B-C. It seems that the price may now have taken resistance at 23.8% fib level completing the wave A and B. Banknifty may enter the C wave now.
Double top + Parallel Channel break. One can wait for break of neckline.
This analysis is based on Wolfe Waves Method . But there are two deviations. 1st is the 5th wae didn't break the upper channel. 2nd is that that timing is selected with the help of the lowest support (1st wave point). This is the first time, I am analyzing using this modification. Let's see if it is worth a shot. So basically, its shorting time on BTCUSD with...
We may be see start of wave 1 of 5 soon. This idea only holds valid when silver/gold ratio dont break the support and there's a crossover in momentum oscillator.
Biocon is at crucial level when compared to nifty. If the ratio breaks it immediate resistance and gives weekly closing above, the wave may may enter in to the small correction and extend finally in Wave 5 with the target around 670. Momentum indicator has given advance crossover for the bullish signal as shown at top.
Bullish symmetrical triangle chart pattern found in daily line chart of IIFL Securities.
Head and Shoulder Chart Pattern in Silver.
Double Top (M Formation) + RSI Divergence in Voltas
Bullish RSI Divergence in Bajaj Finserv
Inverted Head & Shoulder Pattern in Exide Industries
Price in the Supply Zone.
High Relative Strength when compared to Nifty50 Index
The long term support of 80.75 was broken on Monthly chart. Weak Relative Strength when compared to Nifty50 Index