@18/OCT/2019 On previous trading session nifty gave a good intraday move. And it made high of near around 11695. @Weekly Analysis Since previous two week we saw a bullish movement. @Tomorrow- Today exit poll announced in Maharashtra and it going into the favour of BJP and market may be looking it as a good sign and expecting a stable government. Market may...
As expected, today nifty has moved nowhere, on daily chart it has formed a doji candle, which is a sign of confusion between buyers and sellers. Most important nifty has changed it’s way of movement and gone flattish. After a three days of slow bull move today it took a pause @What next? As nifty has changed market structure then its time to be cautious, My...
As expected, () nifty gave a slow move towards upside and the same we expected. @Today It broke the channel but was not able to sustain above it and came back in channel at the end of the day by forming the upper shadow, this upper shadow shows the sellers strength at the level. one more important point that we can observe here is, almost equal no of sellers and...
Today it was a range bound day, not much move. On Daily chart Nifty has formed a Doji kind of candle, but as there is no trend and it is in the middle then it is not worth to think about it. So what next? Tomorrow I am expecting a bullish day by looking at the market structure and structure is higher high and higher low. Above 11430 I am looking to buy, but...
Bank nifty slowly changing its market structure. as of now trading in range bound and it has travelled nowhere since 1st October.
Often we see situations like above chart where it is difficult to decide which trendline is correctly drawn. Truly no one can actually tell which trendline is more correct than the other. And Is it the break of AB or AC or DE which should be considered to take the trade? When ever there is such a situation, it is wiser to give secondary importance to these TLs ....