Prices above 200ma have historically taken support on 50ma. Today, once again it bounced off from 50ma by printing an Engulfing candle coupled with a Stochastic RSI Crossover. Note the Engulfing candles cover the whole body of the previous candle, ignoring the wicks.
With these reasons, a buy can be initiated above the close of today's candle ie., 249.85, with...
1) 3 years market bullish then fall
2) after bullish market enter bear trend short period
3) after bear trend market fastly recover
4) after recover market again fall little bit like correction
after correction market nifty again enter bullish cycle
As shown in the chart,
The trend is a long term upward trend with dips in the pattern,
As the stock appears to break the 50 dma line and once the dip crosses it,
The trend starts to emerge as the bulls spikes the stock in upward trend with normally 5-6 days incline with market sentiments in mind,
As the bottle neck is due to market sentiments due to...
nifty levels for tomorrow
resistance levels based on OI .
watch these level guys
in my view nifty dominated by short term players.
so we can expect a profit booking at any time
smart players entered between 13745-13664 range(mean they shorted nifty)
Anything can happen
be alert guys.
tomorrow is the big event
we heared that budget is not good
so we can expect a fake ride or fake down mov. tomorrow.but I still expecting a gap down opening ,because I told once smart money created short positions
above 13760 can see a ride...
🍁nifty in a crucial level(support @14200-250 range)🍁
🐻if falls from current level, can see a short term down trend in the market(may see 14100-14000 levels & long bearish trgt 13750)🐻
🔰if take support @ current level can see 14300-450 levels in short term🔰
🔥budget is the major upcoming event🔥
Has market discounted the budget ❓
or budget ride possible ❓
Supnpharma trading in bullish channel
fresh buying above 443 for 454,460
Bears will be in control after 410 for 400,380
Sunpharma hovering near 50 SMA ,if manage to stay above 50 SMA then bulls will be inn control
200 SMA at 405 last line of support
We seem poised to breach 100EMA on the daily chart . My hypothesis is that if that happens, we might see a brief rally to around 9.9k before a potential ominous news pulls us back below that line. The precedent can be seen when this happened last on 2/27. BTCUSD 0.19% had closed at 10.4k that day after briefly teasing the 100EMA on the daily. That day, MACD was...