Trident is looking good for accumulations, draw a kind of vertical line cause it could find resistance to go below could act a good support check yours if find fundamentals are good add on dips
Wipro monthly chart, looking very bearish in 7 months saw very unusual growth which was 90%, Some would say that stocks can go up like this 90% in 7 month it's easy, yes operator stocks can increases like this, but of good quality stocks like Wipro index stocks didn't grow 90%, this had never happened before, let's say this time this happened because of covid...
If it is not a new downtrend so what is that it is? right now i don't want to look on previous bars till it will not come above to 16625 till then view is totally negative sentiments, indicators price action all are negative... only one positive thing is going on is LIC ipo dekhne wali baat hogi ki how does it will behave
Who thinks this? Did Nifty-50 is over sold, although! in the markets nothing is ever Overbought And oversold too
What do think what will happen next? it could reach S2 or not or will bounce back from here, results of IT stocks are not coming good as earlier although if it reach to S2 it will not good for entire indian market
Again it is looking good likewise did earlier, only we just take the view of market trend and it is in good risk to reward ratio too
Nifty- strong support, plz rectify if I am wrong only beginner what I saw on charts only the basis of my little knowledge correct me I am wrong will learn something from your valuable feebacks