The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening. Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential...
Dow had completed H & S pattern briefly it traded above neckline and then retraced. On 26th June it formed indecisive candlestick and next day it made huge green candlestick confirming rising star like pattern. long was initiated on confirmation candlestick pattern, and pattern target was set to 35k if Dow regain neckline and trade above it. Today Dow had broken...
Nifty after short correction had reversed and traded above uptrend line. Nifty opened above yellow line and whole day was abo e it. According to yesterdays analysis if nifty trade above support line then its long entry. So we are long in nifty.with today's low as SL. Trgt is 19200.
Three trading session before nifty had formed hanging man bearish pattern after two days correction ,yesterday's star formation and today's green long candle seems like rising star pattern. But this pattern had formed very quickly. So sustainability of it is in question. Today's closing is near support line after breaking it two days before. So trade is cristel...
Observe where the day opens tomorrow. Price action should be watched, and a decision taken accordingly. Will try and give some live market updates. Keep following to understand the significance of these lines drawn and how and why these lines are very important. Please go through the previous charts and check the price action and how these lines responded vis a...
Observe where the day opens tomorrow. Price action should be watched, and a decision taken accordingly. Will try and give some live market updates. Keep following to understand the significance of these lines drawn and how and why these lines are very important. Please go through the previous charts and check the price action and how these lines responded vis a...
Timely reversal of bullish view from bearish helped to grab 300 points. Now DOW is near to H&S neckline @ 34200. Trade above it means H&S patern target on browser in few weeks. H& S pattern target is calculated distance from near shoulder to head. i.e 1000 points that works out to 34200 + 1000 = 35200.
Previously it was bearish view on DOW, but after break out of resistance and continuously trading above resistance line. Dow completed h & s pattern, traded above neck line and again break down neck line force to keep bearish view on DOW. But on 27th June Dow took support of 20 dema which crossed 50 dema on same day forced to change view from bearish to...
After 50 % up move nasdaq is showing some fatigue. No index stock make o e side up m94ve or Down move it always retrace after 25% or 50 %. Nasdaq is showing signs of retracement. 1 distance b/w 20 and 50 Denma is 1000. 2 Nasdaq had broken 1st support line. 3 Nasdaq is half way to 0.218 retracement level which is @4197. So 4197 is imminent.
Rising star formation at 20 ; 50 dema with today's long candlestick formation makes DOW long candidate. As said shorts sl has triggered as said if Dow cross yellow resistance line. Till now candlestick is not complete, but if it rade for more 1hr here then rising star pattern is confirmed. Long position can be taken.
Observe where the day opens tomorrow. Price action should be watched, and a decision taken accordingly. Will try and give some live market updates. Keep following to understand the significance of these lines drawn and how and why these lines are very important. Please go through the previous charts and check the price action and how these lines responded vis a...
Observe where the day opens tomorrow. Price action should be watched, and a decision taken accordingly. Will try and give some live market updates. Keep following to understand the significance of these lines drawn and how and why these lines are very important. Please go through the previous charts and check the price action and how these lines responded vis a...
Nifty had closed below SMA 9 and 20 EMA. Possibly Nifty may move near 9 SMA and % SMA where shorts can be initiated. If Nifty open below 20 EMA, then also shorts can be initiated. Now SL is of 280 points so shorts can be covered according to risk capacity Low risk traders can cover shorts if nifty close above 5 EMA ie 18800
DOW completed its H & S pattern, tried to move above it and then again came below neckline. Now for short traders it is a visible and concrete SL . Mac D is below signal line which is sell signal but 20 DEMA has crossed 50 DEMA which is bullish sign. So, there is confusion. Short term support line joining lower high is showing next lower high is placed at. appx 33200.
Let's see how the day opens tomorrow. Price action should be watched, and a decision taken accordingly. Will try and give some live market updates. Keep following to understand the significance of these lines drawn and how and why these lines are very important. Please go through the previous charts and check the price action and how these lines responded vis a...
Let's see how the day opens tomorrow. Price action should be watched, and a decision taken accordingly. Will try and give some live market updates. Keep following to understand the significance of these lines drawn and how and why these lines are very important. Please go through the previous charts and check the price action and how these lines responded vis a...
NITY AND BANKNIFTY MOVING IN A RANGE SINCE VERY LONG TIME. Any Side Breakout Will be benefied for Option Buyers.
It would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of the previous day 3. When there is a Gap up and Gap down opening. If You are studying the charts in lower Time frames and observing price action, Let me know in comments your...