Triangle Broken in 30 min time frame
levels are mentioned
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
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 !
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...
ALL THE LEVELS ARE MARKED ON CHART;
SELL NEAR THE RED ZONE IF REVERSAL CANDLES ARE FORMED ON THE ZONE/ NEAR BY THE ZONE
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
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The analysis is my POV, hope you got bucks in your pocket to consult...
Bajaj holding is looking for triangle patter breakout if break make a position and if not going to short in future...this is only for education purpose only not recommended for investing or trading purpose