On 15 Min Chart, NIFTY50 has formed a pole-flag pattern with a flag range of 100 points and pole with a length of 600 points, NIFTY closed above 15 Resistance Trend Line, however closed below 200 DMA,
As I have mentioned yesterday post that if Nifty sustains below 8050 it may test 7650. Today it closed @ 7610. Now two major demand zones on the long term chart are clearly seen at 7000-7250 and 6300-6500. On the upper side, there are two supply zones @ 7850-8000 and 8250-8350. It will be a good selling opportunity if Nifty will test the upper zone of these...
Like King Edwards VIII, I found my true love in Justdial. The stock adores price actions and also, is high beta. Anyways, Let’s analyze Justdial. The bounce chart has been plotted and we can clearly see the lower highs and lower lows in this perfect downtrend. But, here are some points in interesting order - The candle A, candle B and the last day’s candle...
NSENG:NSE50 Just a Thought: Not for Trading Purpose NIfty has been free-falling all Due to COVID 19 and the same for Gold, Commodities everything. Chart that Nifty has the following in Pre 2008 Level and Post Market Crash in respect to USD/INR. Similar kind of Trend can be Observed as marked inboxes. Levels are marked for reference purpose only Can we say...
9950-10200 level was important for Nifty, If it was managed to sustain above this zone then I have to change my trading plan according to that. But now it's confirmed that 9900-10200 is a major supply zone for Nifty. On Friday made a short position in NF @ 10050 and still holding. I am not interested to cover this position very early but I may book some profit @...
Now, when a big gap down occurs to any stock along with the index (which happened in last Friday because of Corona Virus), the first thing that mostly occurs is more fall because of margin expansion triggering selloff from brokers. After some point though, as you can see from the above chart, We can trade the stock with help of bounce theory because people...
But, if we check the chart of Siemens in W frame, We see an inside bar as well as in the intersection of two important support lines.
Educational Purpose.
see T1,T2,T3....i see them