"Ek Onkar"
Hello Traders,
We see a healthy correction of 30% in Granules. After the phase of correction the price is consolidating around the moving averages of 20, 50, 100 and 200 levels. Now the arrangement of the lines of moving averages indicates the start of a Bull run. Potentially the price has a strength to move 20 to 30% from these levels in 5 to 6...
The Nifty Oil and Gas sector looks bullish on daily charts.
Daily Chart
This week we see the weakness in the momentum when we have a negative HA candle with a strong body on the 13th of September. Now the momentum tried to recover from the weakness with 2 green HA candles. But both of these candles have a weak body.
Weekly Chart
The price looks bullish on...
Chart type - Heikin Ashi
Time frame - Weekly
Indicators Used:
1. Moving Averages
2. Fibonacci Retracement: Marked by Swing Low of 503 and Swing High of 597
Analysis Notes:
1. The price has successfully tested the retracement level of 50% which is at 548. Now the price has given the breakout of its retracement level of 38.20%.
2. The ...
Did you sell all your Small caps in the small cap crash yesterday? If you look at the weekly HeikenAshi chart of SmallCap Index, it is still long. Following it would have avoided panic sell.
The energy index looks bullish on weekly charts as there are no signs of weakness.
As the Heikin Ashi chart has been making green candles also the structure of the chart is good.
The overall feel of the chart is good.
On daily charts the price is on the bottom of parallel channel and on the same pivots.
Renko is also making a green brick.
The stock may face high...
Trade Setup
Short October Futures from the pullback level or current level.
High Volatility
Candlestick Chart
25% move from 32290 (17 Jun 2022) to 39759 (19 Aug 2022)
If we draw Fibonacci retracement for the same level then the 38.20% level comes at 36906.40.
Macd - Bearish Crossover
Renko Chart
Fake breakout of resistance at the level of 39011 and...
