Lookin bearish - Can for sell below 1370 and buy above 1385
Please follow the charts... My view : Bullish... Based on the fib i drew line... Please play accordingly as per nifty movement... Do your own analysis....
Use proper Risk management. SL can be above Supply Zone for positional Trade
Delivery Volume Increasing. Overhead Supply Zone @ 1455. Bounced From Demand Zone @ 1110. Price abv 50&200D EMA Now taking Support @ 50% Fibo Level
let candle close below upper re line target marked
It has formed an inverted bearish Cup and Handle. Of course, handle is still in the making. This chart pattern tends to trigger a bearish price movement. A limited fall in price up to 1450 is expected. This is based on depth of a cup. If you plot daily trading volume from 10th Jan to 22nd Jan then it supports or confirm the chart pattern.
Price has steadily fallen from the high. Since 2nd Dec 19, price has been moving sideways. Height of pole and length of flag are unusual. Hence, can someone please validate price movement as bearish flag pattern? What the current consolidation does offer? Trading volume is below its 5 and 20 days EMA
buy and hold