After a decent downtrend from 515 level to 380 level, Tech Mahindra has shown some strength. Price has made a double bottom at 380 level, following with a classical positive divergence seen on a line chart.
Expecting a move towards upper trendline which will act as a resistance at 410 level.
Price action on Daily chart of ITC showing Bears taking charge for very short term correction. Price has started consolidating between a descending Triangle. So one should look to short for Target 300.
Buy will only be above 317 levels as of now 🙂 Will update for best Buy possibility 🙂
Maruti Looking bearish. It has made an Head & Shoulder pattern on 30 mins chart. Support zone 7090-7100. Below this level it will be heading for 6950-6900 levels. Do take advise from your financial advsior before taking any positions.
EURUSD has made an Inverse Head & Shoulder Pattern on hourly chart and completing its 5th wave upwards on Daily Charts. Buy should be near 1.124 for Target 1.140 but we have to wait for the confirmation.