looks perfect break of cup & handle, and follow up trend line..tgt 94
NSE:SBIN How I initiated trade on SBI today at Around 3 PM. 1. On hourly chart, I saw breakdown of chart and with heavy volume. 2. then on daily daily chart, I checked RSI which is below 40 and MACD was also started contracting. this confirm the short signal.
IRCTC is forming Lower High, it may retest previous lows 774-887. which can be acted as potential buy zone. it may take more time to revive. now second wave rally is also over.
) Stock is moving in Upper parallel Channel 2) Unable to break the middle line as again move downwards 3) Downwards move from the middle line 4) breaks the channel line today 5) Halts at Rs 452 support point which is a very strong support 6) Probability is that it will again move upwards towards the parallel channel 7) Can enter again in the channel let's see 8)...
Nifty FMCG Sector is in on crucial stage again in this week will it again shine again in coming week , let see , indications or probability are strong that this sector will again shine in coming weeks as are major stocks showing the same directions in this sector . Last 21 days Momentum has decreased also the sector under Profit Booking or Consolidation Move...
Target - 2610
Target - 2810
In 15mins tf its attempting to hold these levels. Above 9390 (15mins close) it could retest 9475/9550. Once that is activated a negation point would be 9350
Will Nifty repeat History unfolded in the Past of DJI in 1929 ( I wants to thank to all as today i have received the reputation of 10 and can link the charts , so i am linking the charts of DJI 1929 for better clarity ) I am publishing this chart Once again as the same patterns are now reflected in Nifty which happens in DJI in the 1929-1930 . Also...
DETAILED ANALYSIS FOR EDUCATION.