looking at the indices and sectorial stocks kotak and hdfc dragging , while all others pulling it higher , icici still has a 10% upside left while sbi will follow and will keep on making a higher high. yes bank may consolidATE as like axis bank . Indusind will approAch new LTH . and sooner or later hdfc will come into picture to keep the show GO ON !
nifty had resistance (R1) at 1935 to 11015 which was formed by Gap created at Feb panic and resistance (R2) at 11137-11170 which was "all-time resistance". we have seen a indecision ( spinning top ) in nifty which was a strong bearish sentiment catalyst but for supporting nifty, we have two small fresh gaps which act as support. we can see old big gap vs new...
1: HDFC Bank Monthly, Price making higher high 2: RSI hitting Making lows 3: Safe until stock breaks 8 EMA (Not in the pic) on Monthly closing basis. Short term investors can tighten their trailing stops
VERDICT appearance of MARUBOZU after a fall indicated reversal. If NIFTY sustains above 10769, then it will again attempt to cross 10800 level. Stay tuned for complete analysis, which will come on Sunday Kindly FOLLOW me on TRADINGVIEW for more updates. If you have any analysis request, feel free to comment or message me. I will try my best to answer your query.
Normally we see that after a spike or impulsive move the price gyrates in a trading range. This is the zone where most of traders lose money coz there is no clear direction to play. We can observe this situation in all time frames. In order to play ranges we have to be patient and wait for price to break down the range. See 'A' in the left figure, this is the...
Bullish Harami-like candle seen today. Might be a possible reversal of trend. Long term investors can start accumulating. Traders can buy above today's high of 147.95
That's true..down 2% doesn't mean it can not go down further. But the conditions are that: It should be in a strong downtrend on a higher time frame; and we should have proper tools and system to manage our trade. M&M has been in a strong downtrend on Daily, 4H and H. So I thought it could be nice short. But by the time I could open my lappy, stock was already...
Hi fellows Notice how the volume-spread analysis could help in finding major reversals. The analysis is applicable to all time frames. Rest notes are on the chart. Hit like for better posts in future. Trade safe, stay healthy Best Regards Afraidtotrade
In this educational post, I have covered four types of Gaps breakouts that we observe on our technical charts. 1. Breakaway Gap 2. Runaway or Measured Gap 3. Exhaustion Gap 4. Island Reversal Gap I have explained each in the above post and I would appreciate if you could share your experience in order to enrich others experience and knowledge with real...
Rising Three Method - Bullish Continuation Pattern A bullish continuation candlestick pattern that is used to predict the continuation of the current uptrend. This pattern is formed when the candlesticks meet the following characteristics: 1. The first candle in the pattern is a long White/Green candlestick within a defined uptrend. 2. A series of descending...