Continuing yesterday's analysis, Dow is trading below lower high trend line , it is also below uptrend parallel chanel resistance. 20 Dema is placed at 33450,where short term partial profit can be booked and balance can continue with trailing SL as per individuals risk.
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Previous analysis it was given to hold as Dow was on cross road of uptrend channel's and lower high trend line resistance. Yesterday after spending 30 min near resistance it gave up 200 points. Dow had respected the cross road resistance.Now from here keeping yesterdays high as SL, one can short Dow. Support could come at triangle " B " where 0.382 fibonacci...
BUY ABOVE - 18610 SL - 18580 TARGETS - 18640,18700,18740 SELL BELOW - 18580 SL - 18610 TARGETS - 18530,18460,18420 Trade safe.... Maintain your stoploss
BUY ABOVE - 44190 SL - 44080 TARGETS - 44270,44360,44480 SELL BELOW - 44080 SL - 44190 TARGETS - 43820,43680,43530 Trade safe..... Maintain your stoploss
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Tatat Steel on weekly chart had started H & S pattern from Dec 2021. It has completed Left Shoulder and Head and is on way to complete Right Shoulder. During this process 108 has become important Pivotal line and 3 years it is trading is between 155 to 80 range. Near Right Shoulder range has reduced to 122 to 102 (from 50% to 20%). Today it had completed Red...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Evening star Candlestick Pattern is going good with short sellers. Nifty in morning was not able to cross yesterday opening value of 18594, and gave up 18550 after trading near it for 2 hrs. Again by 1 pm nifty tried to cross 18550 level and after 30 min Nifty again broke 18550 level and closed below 18500 at 18486, which is was yester day low. From all this we...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Will explain in detail to all those following what are these lines in different colors and how price reacts. Also how prices get tagged on the dotted lines. But first it is important to observe the behavior of price on the Charts being published by me. Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the...
Will explain in detail to all those following what are these lines in different colors and how price reacts. Also how prices get tagged on the dotted lines. But first it is important to observe the behavior of price on the Charts being published by me. Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Continueing hour earlier analysis, it is observed further that in above 15 minute time frame Dow had reversed from red downtrend line. MacD is above signal line on 15 min time frame. Given risky trader should wait for 30 min for Dow to trade below 32750. Dow had given low of 32739 on 15 min candlestick and from next 15 min candlestick has bounce back. This simply...
As said yesterday nifty, if there is gap down then Abdon baby pattern is confirmed , but looking at todays on going candle stick pattern it seems to be evening star pattern. ( not completed). Evening star pattern is formed when index/stock opens at yesterday close and continue its journey down wards. It is also a reliable pattern. Nifty can move up also tomorrow...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...