If banknifty breaks and sustain 32000 level then we may see 32600 if not then thier will be selling pressure again.
WEEKLY CHART 1. Bullish Hammer Pattern 2. Bullish Engulfing on daily Chart 3. Almost close to 50% retracement of current rally.
wait for proper brekout or breakdown
Nifty Pharma is looking for ATH breakout soon. I'm novice in charting, so please look for experienced guidelines.
Yesterdays Shooting Star and todays Doji currently ongoing. Do it suggest a correction at top. AB = AC Pattern completes at 660.00 levels which is almost todays high. Wave 5 is completing at same level of 666.00. Stock is again back from above. Is correction expected.
All observations on chart. MULTIPLE CONFIRMATIONS & EXPLANATIONS OF DRAWINGS As you can see gold bounced tom 38.2% fibonacci level a good level to buy the dip. 19% correction from the top till pre covid levels Falling channel pattern visible on charts, usually gives good move on the upside. Double bottom pattern breakout given today. Price comfortable above...
Trend lines / parallel channel on daily time frame helps to identify where safe long/short positions can be created. Stop Loss is low but reward is high.
We Shorted Cipla Intraday From Top. See The Chart For Details. Reason Was Our Harmonic PRZ- The Sixth Sense ..
m trying to become over smart ....... this is possible only it follows my path lol.... dont go with this ...
A simple descending triangle and flag & pole chart pattern breakout tutorial. Very powerful indeed!
RBL Bank structure looks weak at the moment, if it violates level 165 on closing basis can se more downside, at crucial zone. In daily TF negative crossover of 50EMA and 200EMA Beware those holding the script
today's lesson is more about the MACD indicator, which we consider as a confirmation indicator. MACD is used in combination with RSI and candlestick pattern. it is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.