The price declined about 13% from the high of 2631. Also the degree and nature of separation of ema bands indicates a downtrend. If the price is rejected from the level of 2362 then it will continue its downtrend. And for an uptrend the price has to break the resistance zone with momentum. It's important to consider, the long-term band is in the resistance zone....
it's the make or brack level for nifty as seen on chart.we can short the market after brack of 41200 and will go long after it brakes 42000. i am not sebi registered broker. take this idea only for educati0nal purpose.
DLF has reached at a critical level from where it has given a bounce 3 times but this time RSI is not oversold so there is a chance of breakdown. If, breakdown is witnessed than short for target of 280 with a stop of 20EMA. BREAKDOWN LEVEL :- 302 And, also can hold short till RSI reaches 27.5. If, bounce witnessed than long for target of 345 with a stop of 298.
Double Bottom pattern formed and completed perfect 'w' in weekly chart, can consider Make or Break. Already up by 12% since last 3 trading sessions, still need to travel 2700 points to reach ATH.
Details on Chart. Note : This is for educational Purpose only
This Chart gave a breakout sometime back. Now again looking at chart it seems little interesting to me. I will post few different views that I found interesting. Lets start with weekly chart. A hammer on weekly chart means someone did push this stocks price up. but it may be a fake signal as well so adding to this i will show another view with the help of...
Nifty is in a great spot where it can go bullish or it will come down heavily. Come key points for the published chart to watchout for:- 1. Nifty is breaking a box and retesting it and breaking again. 2. Every box difference or say high & low of box is getting smaller. ( Marked with green lines for the measurement ) What does this mean? for me it means it might be...