NIFTY is at 1.618 fib extension of the pop it ad during the corporate tax and also close to the trendline resistance from the previous 2 highs. with results season starting and budget ahead, expect volatilty ahead better to rade midcaps which are flying around..
It has made a Bearish Harmonic Alt Shark in hourly time frame. If it fails to go above 218 it could retrace to 205-200
SEEM ITS TOO FAR AWAY TO SHOW ANY REAL BREAK-OUT.
A green hammer has formed at the monthly support. Overall, a heavy downtrend is seen. In the weekly, the Price turned sideways from a downtrend from April. There is a stiff resistance at 2750. Nothing is so bullish from the RSI. In the Daily, price has broken the Trend Line but without good momentum. For an entry long, I want to see good price action...
Currently bata india is in the state of indecision of going up or down . Previously it shown some choppy movement , which is not enough to get information . If the market is sustain in these levels for 15-30 min you can open the trade with low quantity . This all are for educational purpose only , i am not perfect in market . you can see my previous analysis of...
Analysis for tomorrow . This all are educational purpose only , don't trade without proper money management . You can see my previous nifty analysis , which is nearly accurate . Guys this is 1Hr time frame , do trade on 5 and 15 min TF only . If the trendline broken the supports are drawn below . Through the analysis with price action currently the market is...
Its not any Recommendation it's just for learning purpose.. As i'm still new in market and trying to learn. Any Suggestions for u guys is more than Welcome. Happy Learning...
Found this downtrend pattern . Sounds like if the pattern continuous this may go below the book value. Will this break this pattern ?.Seems it is struggling.