Negative divergence + RSI failure + long upper wick + no volume range expansion on lower side (means sellers can easily push price lower without any resistance from the buyer).
It can retest 3950 -3800 if holds 4275 on daily closing basis.
Disc : it's not an investment advice to buy or sell
The intersting analysis of top 5 gainers & loosers of Nifty 50.
This valuable insight will open up various trading opportunities for Feb 2020.
Check out the links below in the signature to get live updates on trading opportunities in these instruments as they unfold.
Cheers & Happy Trading !
AUTO SECTOR LONG TERM VIEW
The automobile industry in India is the world’s fourth largest. India was the world's fourth largest manufacturer of cars and seventh largest manufacturer of commercial vehicles in 2019. Indian automotive industry (including component manufacturing) is expected to reach Rs 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. The...
as all auto sectors are running but maruti showing a range moment till now,
if it breaked the upper yellow area then a huge rally will be made what if it breaked the flag trend then a short term downtrend will be there
full analysed chart is on my free VIP group message me to get in, i will freely guide you
god bless you all
ADANIPORTS - Current Position is Sell, sold on 2020-11-19 at 387.09. Action for Next Trading Day: Continue SHORT and reverse to LONG if ADANIPORTS closes above 380.61
ASIANPAINT - Current Position is Buy, bought on 2020-11-23 at 2168.82. Action for Next Trading Day: Continue LONG and reverse to SHORT if ASIANPAINT closes below 2177.59
AXISBANK - Current Position...
Long Nifty & BankNifty index.
Nifty moving in parallel channel, closer to its support lvl of 10800 & BN is also close to its support lvl of 21000 !!
Watchout for a one way rally in October Series after a correction in both Nifty & Banknifty index.
Look for Auto, Metal & Banknifty index to rally in October Series.
Please use these entries as breakout points. And Do not trade when a gap up or down occures.
Entry : below 147
Target : Trailing Stop loss
Stop loss : above 147
This is not a recommendation. This is for educational purpose only.
Consider all risks possible with stock market.
Have a nice day
fundamentals are no where good for this industry
I personally wont buy anthing just because its a deep iscount
wait for business to overcome
and do required shift for its growth
wait and watch as an investor
as a trader sell on rise