Buying Climax: is a situation on the chart that represents ‘exhaustion’. This is the sharpest upward price surge where the last set of buyers enter the stock, thinking that the stock is going to the moon and never look back. This also reflects ‘Greed’ entering in to the stock. Investors who bought at the lower prices, during accumulation, take it as an...
Strategy explained in detail on the chart.
Escorts Ltd. has been in an uptrend since March lows, backed by enthusiastic buying by the Mutual Funds. However, in today's session (June 9 2020, post lunch), Escorts Ltd. has breached its Trendline and further finds resistance at levels around Rs. 954/-. Note: For Educational Purposes. Fellow enthusiasts are welcome to share their views.
Sometimes simplicity is just the key to success. Previous Channel and Current pattern in downtrend confirmed a bearish continuation again. This post is just to encourage you that you can earn with just simple analysis. A 'Symmetric Triangle' breaking downside in a downtrend confirms that bulls have been tired and couldn't take the price up again. This is a...
What and where you could have sold it? In intraday time frame we had a bearish divergence as marked with an arrow. Once it fell from the top 4707 and made a bearish divergence we had chance to sell, but what would be the sl? That would be the high of today. What would be safe entry ? After 1 hour of bearish candle reversal, we could have sold near bounce at 4670...
NSE:BHARTIARTL is falling sharply like whole market. And now the stock is standing near its very crucial support level of several years. Let's see what will happen.
NSE:JSWSTEEL has already given a breakdown with RSI Divergence and pull back is done. The support is now acting like a good resistance. Therefore, next supports level for NSE:JSWSTEEL are drawn on chart.
Let's see that the NSE:SBIN can reach it's target (1-4 Line) or not.
CESC Downtrend broken Tgt - 1020 SL - 883