As expected now trading at the upper end of the range. In hourly time frame it has entered into a Bearish Harmonic Pattern Shark prz. As per Ichimoku also its currently at both hourly and weekly resistance. A retest of yesterday's low near 11200 is probable. View would negate if it sustains above 11425.
Om Namah Shivay Statistics : 1. From our study of 5 days trend analysis, where the opening trend direction changes after few hours - All show similar trend. 2. The first direction change in few hours, have a consistent target price, when the trend is reversing in between. Result : 1. A 1.618 extension is the price range for the reverse direction change...
Om Namah Shivay Analysing the Nifty opening prices and the trend for the day. Statistics 1. From 20 trading days, 13 trading days have the starting price on the clear edge. i.e. within 10% of the top/bottom price of the day. 2. From 20 trading days, 7 trading days have the starting price on the near clear edge, i.e. within 20% of the top/botom price of the...
BIOCON GOOD FOR UP SIDE FROM CMP-224 RANGE 224 TO 218 SUPPORT 205cbsl TGT 270
Not in trade zone but can be good above the yellow line
i can see buying opportunity @support level
Here in this tutorial/analysis we'll look at accumulation which happens before a next Big leg-up. You can find notes on the chart itself, I'll just explain what happens in terms of Thrust and Momentum during these accumulation phases. White line is line of bears and it measures the momentum (Price difference divided by time taken) of the move while its slant-ness...
Nifty is still trying to establish a Higher Low post Sept 20 vertical move. Expecting the range now to get squeezed between 11400 on the upside to 11100 max 10900 on the downside. Smallish bounce possible if the Bullish Harmonic AB=CD sustains near 11100. Out of the woods only above 11400