Until it holds lower trendline, we can see one more upmove to complete e wave of expanding triangle.
this view is invalid if it breaks the trendline and close below it.
yes bank formed bearish flag pattern so it would touch 120-110 leveks un coming days.. as 132-136 is support level can go up to again 150 level and then free fall to 120 to 110 level...
The stock is in a strong downtrend. Morning shows sharp up-move but failed to hold and selling pressure mounted as the stock retested previous supply zone. Can clearly see the RSI divergence and sharp fall at the end of the day.
Price moves because of the war between the bulls & bears. Direction is decided by who takes the control. Generally whenever price is nearing support or resistance, the intensity of the war between bulls and bears increase. Therefore price consolidates. I have marked it in yellow rectangle box and that area is known as "price rotation". Still the bear trend have...
Nifty Day setup - Some targets achieved, few waiting
Due to symmetrical triangles ( multiple), there was multiple targets today.
One target is over. Cautious on 2nd target
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