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Makeorbreak

Will Reliance continue its Downtrend ?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. So wait for the price to clear its trend. Currently we are at make or break levels. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is only for educational purposes. Thanks Er. Simranjit Singh Virdi
NSE:RELIANCE
by ssvirdi
2
Apollohospital- Direction to be decided soon.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 another tool. If we look at this chart we will find that the retracement level has already reached 38% and the retest level is exactly at 61% of the retracement tool. This stock might come for the retest but that should be a little far away . Price Action of the chart is showing that it might want to go back up with 38% retracement level. Let's look at the price action chart as well. If we see the price action as i tried my best to draw it on chart we can see that this is the first time (after the fall) that price is trying to halt itself and it is trying to consolidate. But what will trigger this trade is when it breaks this consolidation either on up side or if it breaks on the down side then door will open for the retest. I hope this might help someone to understand different scenarios of the trade. Keep an eye ladies and gentleman. Cheers and Happy Trading.
NSE:APOLLOHOSP
by LearnersParadise
3
Nifty- Make or BreakNifty 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 loosing momentum otherwise every box would have been bigger. 3. Candle size now is very confusing in comparison to previous candle. So now everyone is waiting for the 12025 levels to break. If on any day nifty closes above 12025 it will rush to 12400-12500. 4.If we get rejection/selling pressure from 12000 again as we saw earlier then nifty might come down if closes below 11820 then it might come down to 11650-11600. 5. Movement wont be slow it will be fast because whatever side it moves it will trigger large no of stoplosses. i hope these points will somehow help in understanding. Keep an eye folks . Cheers and Happy Trading.
NSE:NIFTY
by LearnersParadise
25