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ADX

Nifty will troll as investor wealth will fall. EXHAUSTION GAP IN NIFTY. NIFTY 14/04/21 gap will opens higher and closes lower, leaving a large red-colored candle, depicting a tremendous amount of selling. Notice how the price action shown in this chart is trending higher prior to the exhaustion gap, and the gap and following price drop appear to break the most recent trend. Whatever was driving these buyers to purchase the stock at these prices was drawing the attention of many potential investors. Once the price reached its highest level, then it was as if there were simply no more buyers to push prices higher. Corona factor build up fear in investors and people started exiting their position. The principle behind an exhaustion gap is that the number of likely buyers has diminished and sellers have aggressively stepped into the market. The buyers may be largely exhausted implying that the upward trend is likely about to stop as sellers take profits from a previously extended rise in the price of the stock. The exhaustion gap has three particular features. 1. Several weeks or months of upward trend in the share price of a stock. 2. A sizable gap between the lowest price of the day previous and the highest price of the most recent trading day (roughly half the range, or better, of an average trading day for that stock). 3. An above average degree of trading volume taking place on the current day. When these three components all exist in a two-day price pattern, it is usually referred to as an exhaustion gap and technical analysts expect that this signal implies prices will trend lower over the days and weeks ahead. Exhaustion gaps can be difficult to identify and may be easily confused with runaway gaps. EDUCATOIN PURPOSE
NSE:NIFTYShort
by Mantubora
3
IOLCP: Short& Mid term view BullishRef chart. MACD crossover may happen on upcoming days in daily chart. This will trigger to price shoot-up. In daily chart Indicators are turning bullish from bearish . In monthly chart indicators are continuing the bullish momentum last few months. From this level it may move the further upside. Targets are given by using patterns. ****Note: If you noticed my earlier views, most of the views given before breakouts by using indicators. Risk takers no issues but Safe traders can take the trade after breakout. Vijayaraghavn.K Kovilpatti.
NSE:IOLCPLong
by Vijayaraghavan
NIFTY50- Expecting some Correction Again?Last week on Monday, the fall that we saw was on account of a stock exchange glitch. However, in the same week the whole loss was nullified leaving evryone at sea. But now if I go by what the chart is telling me, it says the chart pattern formed is a Rising Wedge Pattern. There is also a Bearish Divergence along with the ADX losing steam. Now , either tomorrow the price breaksout and then starts taking support of the channel border or if it breaks down then I see a correction atleast till the red dashed lines. A fall below those levels could trigger a bigger fall. Let's be a little cautious before blindly breaking the bank.
NSE:NIFTY
by CannySunny
2
💡180 - 365 DAYS HOLDING PICK💡 -💡 HAVELLS 💡BASED ON MONTHLY CHART REASONS ROUNDING PATTERN AFTER A BIG RALLY ADX & RSI GUD SUPPORT TOWARDS BULLISH TREND COMING TO DAILY FRAME WE SEE SMALL ASCENDING TRIANGLE FORMATION LAST FEW DAYS HAS SHOWN FALL YET OSCILLATORS ATTACHED WITH MONTHLY FRAME - ARE ON DAILY FRAME TOO IN SUPPORT OF OVERALL BUYERS MOOD in.tradingview.com JOINING BOTH LONG TERM TIME FRAMES - THIS SCRIPT CAN BE PICKED AS AN INVESTMENT disclaimer - join your own view before investing,
NSE:HAVELLSLong
by sankhyainvestments