From 20 trading sessions the price has been trading in a range of two important Fibonacci levels. Also the short-term and long-term ema's bands are flattened in the same range. So, currently there is no trend. For an uptrend the price has to breakout the level of 5700 and for a downtrend the price has to breakdown the level of 5400. For another confirmation of a...
The price is following a symmetric triangle pattern. Now the price is trading near the lower leg and, the convergence and degree of ema bands also indicates a downtrend could continue. Also its important to mention that the breakdown or breakout of a triangular pattern indicates the start of an trend, but for confirmation of a downtrend the price has to breakdown...
Cipla, the price is trading below the long-term group of ema's also we have a bearish cross of ema bands. The degree and nature of separation of both bands indicates price consolidation on these levels. So, we use Darvas Box to trade the instrument.
Short Trade Setup
The breakdown of 1145 will open the lower levels of 1080 which is about 5%
Also we have a...
After making a low of 168 the price rebounds with a good momentum. Now the price has entered the resistance zone. The breakout of 178 will open the levels of 190.
GMMA Indicator for Trend Signs:
1. The degree and nature of separation in the long-term group of EMAs indicates a pause in the long term trend.
2. The degree and nature of separation in the ...
The short term group of ema's shows some contraction in ema's indicates a pause in the uptrend. The price will resume its trend on the breakout of 365. It could be a good opportunity for a fresh entry in the demand zone of 345 to 350 with a stoploss level 335.
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Disclaimer: This is my pre market analysis and my trading...
