Momentumtheory
Andra Papers - Trend reversalFundamentals,
1. Operating Profit are improving
2. Piotroski score 9
3. Net profit TTM is high in Industry
4. Stock with Low PE
Technical
1. Tweezer Bottom
2. Price action supportes by previous resistance & 200 ema
3. Price structure - Consolidation (basing), trend reversal
4. Momentum is expected
Entry : 565 (50%) , 595 ( 50%)
SL: 540
Smiplified Bank Nifty Analysis! - 7th Nov'23Looks Bulls are entering which kept market floating for past 2 days might get good movement by tomorrow or expiry, if open without gaps or open in previous days range.
- As per trend analysis bulls making lower highs as support may hit 43800
- Bullish move above 43800 , Resistance at 43970
- 43600 may act as support & resistance both.
- 43400 support on down side
Note - do your own analysis before making any trade or investment!