HATHWAY LTD FALLING WEDGE + SUPPORT TEST NSE:HATHWAY
Hathway ltd formed a falling wedge pattern and
tested the major support zone.
Positional setup
the trend can reverse and bounce towards the resistance zone of 50.
the risk-to-reward ratio is very good in this setup.
##Daily chart view
detailed analysis is on the chart.
keep learning,
happy trading.
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Futuretrading
Nifty Daily Levels Update For Option Day Trading Support Zones For Nifty
First Support Zone For Nifty - 17046 - 17056 ( Minor Support )
Second Support Zone For Nifty - 16940 - 16955 ( Major Support -1 )
Third Support Zone For Nifty - 16742 - 16758 ( Major Support -2 )
Resistance Zones For Nifty
First Resistance Zone For Nifty - 17185 - 17168
Second Resistance Zone For Nifty - 17296 - 17283
Third Resistance Zone For Nifty - 17380 - 17370
Nifty Daily Levels Update For Option Day Trading for 27 Sept Key Levels For Day Trading in Nifty Fifty
Support Zones For Nifty On Tuesday
First Support Zone For Nifty - 16979 - 16992
Second Support Zone For Nifty - 16848 - 16862
Third Support Zone For Nifty - 16714 - 16723
Resistance Zones For Nifty On Tuesday
First Resistance Zone For Nifty - 17076 - 17060
Second Resistance Zone For Nifty - 17174 - 16160
Third Resistance Zone For Nifty - 17294 - 17279
Fotrh Resistance Zone For Nifty - 17422 - 17432
The game of supply and demand : distribution and accumulation
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we can see the structure of distriibution and accumulation.
it's the part of wick off theory.
(i) accumulation shows more demand then supply and more buying presure.. means it shows more buyers or bulls
in market comparing to bulls.
(ii) distribution shows more supply then demand and more selling presure.. means it shows more seller or bears
in market comparing to bulls.