Just for my self Educational Purpose not for trading or investment for other If Hold above 410 WCB ........... Next Target would be 440 and than 480 Stop 390 WCB Can Sustain 400 to 440 for atlest 45 days
PERSISTENT on Weekly Chart broke the 1200 WCB Support now next Support at 1100 and 1000 If Hold 1250 at WCB Next Target would be 1580
Range bound till this year if break all time high in this month with volume support then Target will 920 for myself study purpose not for trading
The next frontier for Nifty if it manages to sustain above this parallel channel resistance (12450-500) is near 13500, else a dip down to breakout area of 11900-12100.
It has reversed from a Bearish Harmonic Alt Shark which could see a retracement till 318/310/300. The view would negate above 332. Harmonic Trading Patterns are derived from Fibonacci ratios which create various patterns indicating reversal/retracement of trend in the time frame spotted.
Major Levels are shown in the chart
Major levels marked in the chart
Market outlook for next week - BNF has closed with good bullish candle in daily timeframe. Indicators like RSI and MACD is showing great strength and shows the rally can continue for some more time. With the festivals ahead in coming weeks, banks posting good results and Biden winning election is a positive sign for index and BNF. Covid fear is still hanging in...
educational learning post
SUN PHARMA - CONSOLIDATING IN A RANGE TOO MUCH OF ANOMALY IS SEEN TRADE WITH BREAKOUT AND PULBACK OUTSIDE THE RANGE
HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...