The stock of IGL had a strong supply zone at around 570-575 levels which it broke with heavy volumes and gave closing above the same yesterday.
Also, a weekly closing above 570 looks like a good indication that stock might soon reach 600, 650+ levels.
Support is around 545-550 levels which is a good demand zone.
This is just for educational purposes.
1. Airtel has been moving downwards for a few weeks now.
2. It has tested and respected 200-EMA multiple times (more than 5 times) in such downfall
3. It is currently trading around 200-EMA
4. Volume dry up and loss of momentum can be seen, Usually it is followed by a spike in volumes and a super-move (either side)
5. After looking at candles and...
With the price of ETH currently at the support of both the 100 day SMA and the trendline of an ascending triangle (which is a reversal sign in itself), this price area presents a high probability of sparking a rally in ETH.
> In Daily Time Frame there is an major Trend Line to to Break to change TREND, and there it acts as Resistance.
> According to me there is an TRENDING VIEW IN NIFTY BANK (BULLISH OR BEARISH SIDE).
>In 1hr TF it forming a lite Ascending Triangle / Bearish pole and Flag Pattern.
> 1). BULLISH view if NIFTY BANK opens GAP UP, Immediate Support is...
-On the Weekly and Daily timeframe shows strong bearish momentum
-There has been a breakout of the ascending triangle and looking to to enter on the retest of the liquidity zone.
-Price has been in a downtrend since 23rd March 2020.
-We should wait for a breakout and a retracement of the supply/liquidity zone to look for a short...
Structure: Ascending triangle, also support and resistance breakout
Plan: We look for price to fall and retest the breakout from the ascending triangle.
We see stochastic and EMA confirmation. TP set at previous high
Updating my view of Silver. It's looking long to me! I particularly like the small bull-flag on the current ascending trend line - this within a bigger descending channel which I have detailed. After a recent double fake out of the legacy (ascending) trend line price has returned Silver back within a bigger ascending triangle structure.
If price action can break...
Going to be keeping a close watch on EUR/JPY for a break in this structure.
An ascending triangle appears to be forming.
EUR/JPY has been a very strong pair so this will be a great opportunity to hop on this trend.
I don't have much time to address, and I am no fan of BTC, never traded it myself before etc...but the chart does not lie. So it seems like Bitcoin is indeed in a bullish ascending triangle. I can't say when the breakout will be, but the volume is declining so I would say fairly soon. Those who are experienced with TA and ascending triangle should also be aware...