Hello and welcome to this analysis
Stock has had a dream run and is approaching a resistance in higher time frame with a wedge formation taking place in lower time frame.
Needs to hold 1860 for further continuation of trend.
Immediate resistance at 2025
All the best with your investing
Nifty Analysis
Recap from yesterday: “For tomorrow, I wish to change my stance to neutral if 19446 is not getting broken in the opening 2 hours. I would love to go bearish if 19310 support is broken”
The encircled areas on the chart represent the period when 19446 resistance was in play. The open was right at that zone, then we spent 09.55 to 10.25 around those...
CNX500 Relative Strength
Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st March 2023
- I am watching this Ratio Chart to turn down after Retesting a Confluence Zone
- Its looking Bearish currently post a Rising Wedge breakdown and Three Black Crows candlestick pattern
- It signals Weakness in the Broad Market relative to the Index.
- This Chart had Topped...
LTI has broken out of downward ratio channel on weekly time frame
Also it has taken support near the rising trend line
Similar pattern of LTi breaking out of downward channel can be observed in previous weeks as highlighted
In weekly time frame after making a Bullish Hidden Divergence near an Ichimoku Kumo it has now activated a Bullish C Clamp. It has strong support near 3600 with minor resistance at 3900. Probable upside for 4600 and then 5100. View negates below 3500
