NSE:COALINDIA Chances are it may bounce back to the channel.If breaks support ,bearishness can be awaited.
An axiomatic charts for learning purpose. Nifty has immediate support & resistance at 8500 & 9000. Major resistance and support is at 8000 and 9500 as per OI data. EMA 5C shows the immediate trend which I use to enter to trade. Fibonacci retracement shows the support & resistance at 1D chart. Global Markets have ended in red hence, expecting gap down...
Nifty is showing a intermediate short bear which will subsequently trade between the indicated range and is expected to bottom out at 6600 or 6700 range by this week end 27.3.2020 The market will try to slowly pull out investors as the pnademic panic is making him ovethink. New investors would wait until the situation improves which is expected to be over by 3...
XAUUSD has made a long term correction which now seems to be complete on the upside and a decline is inevitable which would break the previous lows and go towards 900 for the target. This would take several months or a year to play out.. Happy Trading!
If it doesn't hold support around 1200
Strong chance that it will fall below 1000 by end 2020 or mid 2021.
Resistance zone 1340-45 . Good shorting opportunity if got near 1330-40 level with the targets of 1200/1100/1000 with sl of 1360 on clbs
Hard to substain or maintain channe l in this case. Bearish Mode.