nifty support broken next support 11200
If you try to look carefully, you will know that. 1. Flag patterns 2. Overlapping and Result of it Thought we are going to focus today only a few points, the Red Flag pattern is predicted and there is not overlapping still. From both these, concluded that we are going to see a big fall soon. I am till not confirm.
NSE:INFY risky trater buy between 710 705 SL 690 T 720 735 760 Short below 695 SL 710 T 680 665
NSE:NIFTY
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...
This is a classic example for explaining "tails". Price was nearing the support and both buyers & sellers were trying to take control. This was expressed by upper wick & lower wick candles formation. Support was at 462 - 464 levels. Whenever we saw battle between buyers & sellers, we have to wait for few minutes so that we can get trend direction confirmation....
4 tails at the value high with one excess and 2 tails found at the value low with one excess. The presently fromed tail is not at excess but its a breakdown channel. Remarkable points , recently created tail has enough shadow as comparted all others. Therefore, Possible to fall more OR create a series of tails .
This pattern important role in the breakout to the downside (Some analysts believe that increased volume is not all that important).We always consider the strength or weakness of volume as being the "straw that stirs the drink." Let see what will happen here minutely and something we can conclude. How can we trade descending triangles? Let's check below will...
Query : How to find trend direction as I am confused with tails. Answer : Yellow line is the support which turned as resistance, Once the price has broken the support, it becomes resistance. When price was nearing the support, the candles were forming with long upper wick, which indicates more sellers were coming in. Once the support was broken, trend was bearish...
There're 4 tails at the value high and, 2 tails are detected at value low for a major channel . When the price is higher above the value high, We found the tail as price reject and reversal. For instance, you can observe the trend is up before the tail(1) created. U-Turn has been seen after the tail formed. The same thing happened for the tail (1) to...
Hcltect has formed Triangle it can bounce around 80. If 80 is also broken then we may see 60 soon.
Will go down down down or bounce from the support levels?
Nifty 50 Support and resistance for Tomorrow
BAJAJ ELEC Support Resistance
NSE:NIFTY next move depend on strength of breakout