Price Action Analysis:
Analysis of momentum is not about measuring any absolute value of momentum, but in making a comparison of current price action momentum with prior price action momentum. In the month of March price declined from a high of 340 to a low of 197. Price swings saw an acceleration and shows increasing momentum and strengthening of decline. From...
Have a great trading week,
Pound against Yen pair, 134.500 remains long time key area for GBPJPY , even though this pair seen some down side on friday last week, this pair looks to retrace the resistance area of 133.00 and it may go upside towards 136.00,
Thanks to all.
Note - Prediction based on price action analysis, fundamentals also have...
AUROPHARMA had some good run in recent times
The Price action shows, the first major jump happened with lot of volumes and then consolidation and then smaller jumps based on smaller volume hikes
again there is a smaller volume hike, so consolidation expected in the next few days
Entry, SL and Target provided on the charts
Reliance industries is showing negative RSI divergence on monthly time frame.
Time to be cautious for investors. It might go under long correction phase, could become range bound for years and test the patience.
5, Apr 2020 : It all depends upon how the chart reacts with the support line. Once it goes below the support line there is a good opportunity for shorting. If it bounces back then it is a clear indication to go for Long. The MACD indicator can be used along with this idea to confirm the price action.
This is the setup for Monday. I will keep you guys posted on this.
Hey Guys ,
Posting Idea on TradingView after very long time ; Nifty seems to be a buy on decline for swing trading !
Targets of 9150-9367 ; SL : 8100 on Closing Basis
9538-9578 : Trend Decider Area
Do like to support the idea ; Happy Trading !
Multi Year Demand Zone approaching.
Watch out for the levels and keep good volume PSU bank stocks on watchlist for catching the move
Your opinions of the budget on Saturday will be appreciated. Last time around the FM made all banking stocks really volatile notably Public Sector Banks on budget day. However we are trading at very different price levels from the...