Om Namah Shivay A mercury cycle back testing on Nifty, with 20 Mar as the start date. It does not look all the dates are having any particular significance. But most of the dates are having local high/lows atleast. Not much is explained on the chart. Just a practice chart. Om Namah Shivay
Will Asian Paints Shine Again (Movement may be?) Formation; The data is evaluated on Daily time frame, let see the observations, Stock Managed to rally from bottom of 1431.020 to approximately 1864 and unable to enter the channel Line for continuous movement. Formation of Head and Shoulder in Middle path; Very Likely the present formation is that two head...
RELIANCE has hit 2.618 extension from the lows where the rally started from.. it can take a breather here and have a correction or sideways movement for a few days.
EMA and sma
Just posted chart for learning purpose, please note the retracements levels bounce from key levels. How stock behaves at key levels marked to form price action on downside when the latest swing was marked using fibonacci retracement After Forming W Pattern at bottom, confirming through RSI Divergence, 1) First Retracement to 38.2% levels, then came down 2)...
If it pullback from 9300 then 9500+ if it break below 9280 then tgt 8800
1546 immediate Support...if close above 1717 then can touch 1850+ Target. 1430 is strong Support.
Bandhan Bank is moving in a Channel. It is getting rejection from lower trend which shows its reluctance to break below. If market opens tomorrow on +VE note then it can go higher. Note:- Please do not trade using this analysis. Just sharing my view and it may be wrong.
It is failing to make higher high's, as long as it sustains above 525 it may go higher, if it fails to sustain the support trend line it fall upto 500 followed by 480 levels. we can review further levels after reaching those levels. However weekly chart continues to Bullishness. which is a longterm view.