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Economic Cycles

Ready to trendIt is forming a flag pattern along with the head and shoulder pattern formation. Patterns work better on higher time frames. Hence these consolidations and patterns indicate that a new trend can start. Doing cycle analysis. It moves in a 20 month cycle. But cycle analysis works best when done on a group of stocks and on multiple timeframes. Hence it is just an indication and timing factor not a deciding factor. Therefore it is the time to study business and the sector fundamentally also.
NSE:DIXON
by Sumanyu_Aggarwal
Federal Bank Analysis This is more like looking at charts and trying to find out patterns whom can this help Investors - what should be there SL in Federal Bank - exit at 66 and re-enter at 41 Technical Analyst - one more analysis - always good to see perspectives :) isn't it Traders - Not exactly - but they may want to set an Alert for Monthly closing below 66 or above 87 for major moves Hypothesis Looking at charts, it seems there is a strong magnetic support/resistance at 40.5 price. It acted like resistance for months, acted like a consolidation zone, acted like a price rotation zone where weak buyers were taken off, After a breakout re-testing of this zone...and again in this pandemic, it came in to play as a strong support zone. You name it- this price point have gone through all that we could think. So its an important price point for federal bank Before the pandemic started - the Bank was in a nice slow bullish run forming HH and LH's. Pandemic stuck - it fell like others and now in an interesting zone Here the price can consolidate for a while or breakout or break-down - Depending on other factors that no one knows. What we can safely infer is - if its breakout of this zone this will test the previous HL and if it breakdowns will test our magnetic price point of 40.5 at the end - this is a hypothesis, and in certain conditions becomes true and in certain conditions becomes false. So watch out for conditions Happy Trading MSK
NSE:FEDERALBNK
by msk_analysis
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