according dow theory it can come near 1200 and can bounce back and it will break the resisitance of 1508
The stock was in uptrend since its IPO. Recently after some strong candles the stock was moving sideways. Today the stock has come out of that sideways movement and formed HH HL structure. Can be a low risk entry here.
Stock was in consolidation. today it has given breakout above trendline and also formed a HH HL structure
Educational: According to Dow Theory, the bull markets are trade with three distinct phases, which are self-repeating. These are called the Accumulation phase, the Markup phase, and the Distribution phase. Initial 2 phases we seen 2 time repeating on the nifty's bull rally. Now we need to focus on 3rd phase which can be distribution phase after this 2 cycles....
1) Weekly Trendline Support Broken. 2) Entered into Stage III - Consolidation/Minor correction. 3) Taking Support at 225. 4) If we apply Dow Theory: (i) A close below previous swing low (HL/214) may result in change of Trend. Which is Stage IV - Downtrend. OR (ii) Stage III may continue for a while before it enters next Stage II - Uptrend.
Looking at the history of its price action, EID parry might give a one day spike tomorrow.
Bank nifty has been consolidating in a narrow range of 34093 to 36230 that is 6%, and if we look carefully there is a trendline from may 2020 which bank nifty respects and takes supports from, and in the past 10 days it has hit the upper poart of the channel that is 36230 on 7 occasions so we can expect a good move in bank nifty when it comes near to the trendline.
This is a long-term analysis for the telecommunications giant - Bharti Airtel . There are two primary market trends in the broad perspective : 1. Uptrend/downtrend 2. Accumulation/ Distribution. The accumulation phase is the boring phase , when smart investors accumulate positions and get in early. the uptrend/mark-up phase is the euphoria phase when the...
CAMS is giving good returns from some time now and presently it is in a good range, anything below 3200 would be good buy.
IOC | Nice retracement after Swing High breakout (Dow theory) CMP : 106 SL : 98 Target : 150, 160 P.S : I'm taking it for long time, allocated a small capital. Unless SL is hit i'm planning to hold for 1-2 years
#Gayatri Project Looks good for short to medium term from current levels of 39 SL 26 Target 48 Looks as a money bagger to me
BRENT (Crude Oil):- 74.22 CMP, 80 to 90 zone (Multiple Resistance Zone) 1) Dow Theory (Downtrend Since 2008/2009) 2)Crude takes year to rise (But in pandemic its is rise too fast)
USDINR DOW theory Weekly View from Monday 14Jun2021 Uptrend in Daily Timeframe USDINR has broken out of a triangle/flag pattern Retest of the same is expected to go higher. However, gap up possibility is also considered, if this happens we are super bullish on it if it stays above the gap for at least an hour. Details given on the chart. Happy Trading !!!
Everything explained in chart... Sold Put options of lower strikes and next expiry... Disclaimer : This is a trading idea for learning. No trading call. Keep your stop losses and risks within your limits.
Nifty broke our bearish DOW theory and made a HH (higher high) than previous LH (lower high) If this bullish DOW theory has to continue, expecting a HL and then continue upwards. Cautiously Bullish view here. Though if on a broader outlook, it has not crossed high and we can consider today's high as Lower high compared to yesterday's High. So, on broader view, it...
Nifty broke the Higher Low of the previous Uptrend, making a Lower Low - Lower High formation. This can be considered trend reversal. Nifty may halt at this level between 15700 - 15500 If flag breaks down making LL below 15560, or makes a bearish candle pattern supporting bearish view, we may go for short. else price may halt here before continuing the downward...
USD INR formed a bullish candle today on Daily TF Also, on hourly its changing DOW theory and making higher highs and higher lows... YES ! Uptrend ! Flag n pole structure formed on hourly. Flag breaks go long or else wait for confirmation of breakdown below 72.638 Went long after the morning star today... :) Happy Trading !!!
NSE:HGINFRA Current Market Price : 358.45 Accumulate Between 378.40 to 353.50 Target 1 : 400, Target 2 : 500, Target 3 : 600+ Stop Loss : 310 Time Frame : Within 90 Trading sessions roughly as per Technical Analysis Principles. Logic behind this idea: Higher Highs and Higher Lows formations as per DOW Theory, It is long term Bullish Disclaimer Risk is Yours...