Analysis based on Support and Resistance Strategies.
SUNPHARMA.. on the monthly charts has formed strong candle (thought one more week to go) with high volumes. April 2020 candle engulfs last 16 months candle which is highly bullish it is still to cross its resistance trnedline on log chart as shown considering the reversal this month and its fall from life highs, looks like long term correction is over and looking...
Sometimes simplicity is just the key to success. Previous Channel and Current pattern in downtrend confirmed a bearish continuation again. This post is just to encourage you that you can earn with just simple analysis. A 'Symmetric Triangle' breaking downside in a downtrend confirms that bulls have been tired and couldn't take the price up again. This is a...
NEAR TRENDLINE READY TO BREAK STOCHASTIC GIVES BEARISH CROSSOVER ENTRY - BELOW 1626.2 STOP LOSS - 1679
Discussion on details of Justdial trade
FOLLOW
STOCHASTIC GIVES BEARISH SIGNAL TODAY ON DAILY CHART ALSO STOCK IN DOWNTREND SELL BELOW - 328 STOP LOSS -344.35
Tradingview froze at 0.01. Saving the chart to remember this night haha.
NIFTY is moving inside a rising wedge or triangle as u can call it break below the wedge can take it down to the trendline of the previous two lows....
short term target 6000, see that chart for more details
Educational purposes
Chart is clear
Ugly movements either side from here ...so be safe
As expected it has declined to 50 from its highs. It has very strong support between 47-50. Sustaining below these levels could take it all the way back to 30-20, which in turn would be good for equities as a falling vix gets stability which leads to a calm recovery in terms of both PRICE & TIME, so what is being perceived a quick bear rally could turn out to be a...