it is better to exit any rally in this counter.
falling bar volumes are high compared to raising bar volumes on hourly time frame. it's vice-versa of what we have seen during rally.
1000 level could be crucial, it is most likely to fall.
All details are given on chart with clear explanation.
1. Godrej Properties was in the downtrend since Nov 2021 with LH and LL pattern.
2. Last LL was not taken out by following candles and formed Head and Shoulder pattern in the bottom which indicates trend reversal
3. Breakout happened but with not much impressive volume
4. Chart pattern looks very good and...
BANKNIFTY is sequentially making lower highs and lower lows , thus breaking the structure, on Friday BANKNIFTY retest its previous lower high and exhibit a sharp retracement towards the down side in order to make a new lower low.
BANKNIFTY might hold on its fall for a day or two in order to factor in budget news, but since the long structure is broken we can...
If bitcoin has to break upwards towards the 9,500 $ mark, it should happen within the next 8 working days....
If these current levels breaks downwards, then it will take support at 5765 $. Very crucial level.
