IF BREAKS RECENT LOW LIKELY TO GO DOWN TO 1645
RSI is near 2008 lows. we may see some relief rally but more than 90% chance is we may test the recent low in coming weeks.
Explained in the chart
THIS IS NOT A RECOMMENDATION JUST A VIEW... FEEL FREE TO SHARE YOUR VIEWS.. LONG ABV 8750 OR SHORT BELOW 8515
Educational purposes
Om Namah Shivay Trying to practice structure on another stock where the structure are expecting to be linear and not complicated. After trying to read so much about market analysis with indicators, algos, fancy things - Tried to go basics. And truly Wyckoff is to the basics without fancy. Trying to learn Support and resistance lines and when support is...
let's see how dis weekly support work..keep your eyes on dis coz if support level broke den we will see deep low in coming days..
HDFCBANK with in a triangle u can say. which way? up or down? break of either trndline, decides next move..
Educational purposes
Om Namah Shivay Learning the Structure of the market with support and resistance lines. 1. Continuously Draw trend lines to know the market structure. 2. Trend lines can be channels … 3. By continuously accessing the simple trend lines, market structure can be accessed How does the soul ( 'I') look like ? Ans : The soul is a point of light smaller than a...
Resistance, Support and trendlines