ITC Looking for 300 Levels

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 ๐Ÿ™‚ Will update for best Buy possibility ๐Ÿ™‚ Daily Chart of ITC … Continue reading “ITC Looking for 300 Levels”

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S&P 500 INDEX “AN OPPORTUNITY TO SHORT”

S&P 500 Index after making a new high has now started showing some weakness. RSI 14 Negative Diversion is clearly seen on Daily Charts. Price action at the top also suggesting that Bears are taking charge. For Short term, I’m expecting that Price should retest the support zone of 2400-2360 levels. One can go short … Continue reading “S&P 500 INDEX “AN OPPORTUNITY TO SHORT””

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BANK NIFTY – MAKE OR BREAK TIME

Bank Nifty has started showing weakness after made a all time high. On Daily Chart there is a Negative Diversion which played really well today. Bank Nifty spot closed atย  23542.75 -o.81%. Immediate support for bank nifty is at 23300 levels. On weekly charts there is a Grave Stone Doji candlestick pattern made at the … Continue reading “BANK NIFTY – MAKE OR BREAK TIME”

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CURRENCY TRADE – PAIR EURINR

Quick Update on Currency Trade – Pair EURINR On Hourly Chart – Price has started making lower Highs & Lower Lows indicating the downtrend. “Head & Shoulder Pattern” clearly visible. Price has already broken the neckline. There is a Hidden Negative diversion also formed.My View is “Bearish” expecting the price to retrace to 71.75-71.60 levels … Continue reading “CURRENCY TRADE – PAIR EURINR”

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Currency Update – Pair AUDUSD

Update for Currency Traders Short Term Viewย  On Daily chart – Price has made a lower low and lower high indicating “downtrend”.There is “bearish flag pattern” formed inside the channel. There is a “hidden negative divergence” also formed.So my view is “Bearish” expecting the price to retrace to 0.725 – 0.715 range. Below is the … Continue reading “Currency Update – Pair AUDUSD”

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