NIFTY 50 : P/E = 34.73 :(
STOCH RSI = OVERBOUGHT :(
Nifty 50 is currently all time high. :)
Trend-line Resistance is at near 13200 level and also GANN Static level is at 13000 - 13225.
Trend-line support is at near 12460 level
Also noted, there is a support zone at same 12460 level on Weekly time frame, which makes it a strong...
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Nifty opens gap up yet another day and is up 75 odd points. So is it time to celebrate or time to be cautious???
Lets look at chart set up
In the chart we observe
- Nifty Breakaway Gap up
- Nifty Continuation Gap up
- today's yet another Gap up opening could potentially turn out to be an Exhaustion Gap
So it would be wise not to get too...
bitcoin is on a parabolic run, this is the kinda trend where you don't wanna guess the top, btc has a habit of exceeding expectations, on the 4hr it hasn't touched the green band in 35 days! & is up 40% since last time it did. Same enthusiasm can be seen on the 1min chart. Anything is possible.
After breaking trend line support area price again retested that breakdown zone so it is good opportunity to short this stock in this rally for some lower target. sell @ 325 with sl above 340 daily closing basis for target around 300.
As we have seen that nifty is taking resistance from its importance trendling on daily time framealso we have decreasing momentum on RSi showing that the buyers are dimnishing. 11400-11450 comes out be important resistance zone one must stay cautious here. Longs should be avoided here.. if any correction comes nifty can test its previous support levels of...