Price moved 140 points from the support and it was a big move and money as well. 1400 will act as resistance level for the current up move and All time high is very near by ! So from the above it is clear that when price is trading at the support try buying it with small stop loss ( previous low / just below the support )
Banknifty reversed exactly from the area of floor pivot S1 and camriall pivot L4, which are potential reversal points. Adding these to charts can make one knowning advance key data points
Oct month is very good for automobile industry and they is chance of the increasing in the sell of the cars. this is good to buy to share for short hold position . this is not any advice for trading the share market . the purpose only educated.
swing trade on hero motor
Wishful thinking may be, but Ichimoku indicating strong probability
CMP 298. Lines shows support and resistances as of today on a weekly chart.
(By Jeffry Kennedy) 1. As long as prices move is contained by deceleration channel(parallel channel), the price action is countertrend, and once complete, it will be more than fully retraced. 2. The upper boundry line of base channel supports the fourth wave at either the upper boundry line, midline, or lower boundry line. 3. As soon as wave 4 is in place and...
We have always heard that resistance once broken turns into support . Just look at this stock doing it multiple times. Everytime it breaks it comes back to retest existing resistance and goes for another run.It is doing this again. A rejection candle or long wicks/shadows near the retest/support. Hope it helps or adds any input in learning curve. Keep learning...
bullish or bearish flag