I'm a noob chartist and in this particular chart, simply trying to project where we can bounce. The prices shouldn't be the main area of contention at this point, rather we can look at the potential bounce ranges.
Nifty possibly is forming a negative divergence on the daily charts.. RSI made lower high..and nifty is still below 200 dma Possibly nighty is rebounding to 61.8% of the fall of 10940 odds to 10340 which is 370 points.10340+371 = 10711 odds as long nifty is below 200 dma upmove will be negated disclaimer: shorted nifty dec futures at 10693 Note: Analysis is...
Adani Gas CMP 105.80 On a day like today when Nifty is struggling, Adani Gas is up 10% What this reflects is 1 Every chart can have its own story.... & 2 We always hear "No one can time the market..." .Sure... There is no denying... Adani Gas took 6 days to break free... But when it did today... The result is infront of us. so if you are...
Bank NIfty has been in a bearish divergence on the weekly charts.. would suggest to avoid longs until elections.. NOTE: this is my personal view only.
NIfty looks to be forming BEARISH DIVERGENCE..on the Monthly Charts.. NOTE: Analysis for EDUCATIONAL PURPOSE only...
all details mentioned in charts. this chart is only for informational use only, do own analysis before trading.
ALL DETAILS MENTIONED IN CHART. disclaimer: this is only for informational purpose. please correct me if you find anything wrong in charts. #shailtech
I have been getting messages from fellow traders and seeing a lot of analyses on BankNifty claiming this to be a head and shoulders on TradingView and Twitter. Coming to the point. 1) Is this a head and shoulders??? - Yes 2) Is this a good head and shoulders??? - No Going by the classic charting rules a good head and shoulders follows symmetry on price and...
Weekly charts are convincing. Nifty has broken down of the support line. Target of Descending Triangle (on daily chart) is coming. So it downside is not correction. Trend has changed. Nifty is in bear grip remaining below 200 Daily Moving Average and also below the support line on weekly chart. Below 10430, Nifty has potentiality to go down to 10000, previous low....
Caplin had a break down on weekly charts. More carnage to come, good time to accumulate on falls by retail investors. Disc: 1. Invested long term and biased 2. Educational purpose only
1) The present upside started on 15th Feb 2016 indicated by a Positive Divergence and since then price is moving within an uprising channel. 2) Within this channel, price made 3 tops and 2 dips. Dips were supported by 50 Week MA. 3) On 27th August 18, a Negative Divergence was formed and the same triggered on weekly as well as daily charts. So price is heading...
Weekly charts are much reliable. But study of weekly is to be done in relation to daily charts. Signals generated in weekly charts may be taken seriously. Negative Divergence formed and triggered, so price corrected sharply during the strong uptrend. Now price is stabilizing. Resumption of the main trend which is up may still take some more time. Bears are feeing...
Explained in chart.... Disclaimer: All my post are for educational propose non-advisory and non-directional.....
Explained in chart.... Disclaimer: All my post are for educational propose, non-advisory & non-directional.....
hello dear Traders, Once again I have come up with another cup and handle pattern this pattern is proving very beneficial for me during trading. i will cover the steps in this example of NATCO Pharma. Step - 1 Pattern Recognition - Very easy pattern Cup and Handle. It is a technical chart pattern used in financial markets and easily recognizable on the...