When the price is at an all-time high, the best way to gauge the trend's strength is to observe its reaction to its previous range. Large and impulsive expansion stages indicate a strong trend. However, when examining the NIFTY chart on the daily timeframe, the price consistently revisits the extreme discount pricing of its previous range, immediately after...
The price has successfully completed its cycle of expansion and compression. And the price is trading in a small range during five trading sessions. From these levels the price has a high tendency to move in either direction. Keep an eye on this stock. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
HDFC LIFE getting consolidation with compressing range, wait for breakout or breakdown.. Supports are 550 & 535 Resistances are 580 & 595
NIFTY IT | Getting momentum - Hope IT would perform this week.
Power Patterns of price action in Railtel
Monthly chart of astral polytechnic shows ftr and FTB with Compression Disclaimer: only for educational purpose
Price has been in consolidation after a big volume breakout. This Daily Inside bar can give breakout in both directions. Buy above 1105.85 & Sell below 1074 Keep Initial Sl at opposite ranges and trail the profits if trade triggered.