Rising wedge on daily looks bearish.. Any upside till 150 should be a selling opportunity.. Pattern invalidates above 150 closing.. Post 150 breakout and this structure predicted becomes obsolete..
The above analysis is done purely based on price action and chart patterns. The analysis is done on monthly charts, hence it may take the price few weeks to few months to reach the target. Logic as well as the trade setup is shown in image itself. The level which was earlier acting as major resistance, may act as major support for price to move up. Entry can be...
Looks a good candidate for Retest and Bounce. Will add around 125 and target is 160+. SL is 115. DISC: Not a SEBI Registered. I post charts for my own study.
Hindustan Copper will it take the Yellow path or the Blue path
First Charted when it was 86+ ranges and currently if 140 holds, move towards 160-190 is possible. Have a look at the chart :)
//52-week high/low High52 = security(syminfo.tickerid, "W", highest(high, 52)) Low52 = security(syminfo.tickerid, "W", lowest(low, 52)) //WMA WMA10 = wma(close, 10) WMA20 = wma(close, 20) WMA50 = wma(close, 50) WMA100 = wma(close, 100) WMA200 = wma(close, 200) //Standard Deviation with WMA lenSD = input(20, minval=1) sdavg13 = input(title="WMA SD",...
greenDay = close >= close redDay = close< close highVolume = highest(volume, 10) Redvolume= iff(redDay,volume,0) Greenvolume= iff(greenDay,volume,0) TopGreenV= highest(Greenvolume, 10) TopRedV=highest(Redvolume, 10) pocketPivot = volume > TopRedV pocketPivotDay =pocketPivot and greenDay plotshape(pocketPivotDay? 1:na,style=shape.triangleup,...
hindcopper took support from 9ema expecting target 40,43 sl 36-35
Swing trade BUY when closes 39.5 or above TGT 42/43.5/45 SL 37.5
As per hindcopper it is the time to short the hindcopper
Hindustan Copper has completed waves 1-3 and currently in wave 4 so accumulate anywhere between 97-89 with stop loss 73 for targets 116-140. There is a possibility that the move from 40 odd levels could be wave 1 of a new impulse or it could be wave C in an ir-regular correction. Either way minimum Hind copper has to make one more high above 110 to complete the 5...