if ABBOTINDIA opens gap up it is will rally to previous highs. if it closes below 16349 on daily chart. it will fall further. more over pole flag pattern also seen on daily chart.
SUNPHARMA.. on the monthly charts has formed strong candle (thought one more week to go) with high volumes.
April 2020 candle engulfs last 16 months candle which is highly bullish
it is still to cross its resistance trnedline on log chart as shown
considering the reversal this month and its fall from life highs, looks like long term correction is over and looking...
PVR ( A strong stock with a very good value )
1) PVR forming a double bottom formation
2) PVR pattern formation on daily charts
3) Can be a good buy between 950 -970 levels
4) PVR can be value stock and lost Price
5) Most Important Donchian Channelthe stock is trading at lower channel
Dear All If you like the idea pls provide like and comments also any...
Bank Nifty closed below its major supply zone @ 19300-20000. This is also an important zone on the weekly and monthly charts. Now sustain below this zone Bank Nifty may test its next demand zone @ 17500-17800.
Thanks from Bottom of my heart to "Sir John Murphy" for giving us such a wonderful book on Intermarket Analysis - "Profiting from Global Market Relationships"
Special thanks to my friend & follower who wrote - Think beyond Red & Green Colours. I would love to have your comment once again here in this idea as well.
Wish You all a Happy & Colorful Holi
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NIFTY MIDCAP idex is at important support zones in its life long chart.
trendline supports in red and support zones in blue are marked...
be cautious..
Nifty changed its trading zone from 10000-12500 to 8800-10000. 8800-9100 is minor support on the monthly chart. If it will fail to sustain above this zone then the next major support zone is 6300-6900. On the weekly chart, the lower side trending candle is formed. It means next week also we should get the swing trades on the lower side.
