Nifty moving like a ping pong ball up and down for the last 3 weeks within the range of 10700-950. Why ?
In Weekly chart the MACD signals released from the histograms below 0, so the fall is restricted. As both histogram
and signals were below 0 the uptrend is restricted. Now with 18 Jan. weekly close the following are visible in chart.
MAs - Price able ...
Now Trading in Bullish Zone, But We Need Full Confirm For Going Long
We Never in Trap Condition
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EW Analysis :
BN is in pullback mode from lows of 24400 and is showing a clear abc pattern on upside.
Trend Breakdown :
BN breached the up-trend in Sept 2018 which started from Mar 2016 and is now retesting the up-trend support which now becomes resistance for BN .
Supertrend Resistance :
Any weekly close above 27800 on BN would change the bearish signs to ...
There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic ...