~Buyers are still holding Bank nifty but facing big resistance between 44400 to 44500. Buyers can get active if hold above 44500 to 44600 and then breakout will go till 44900.
~Trap Area's 44400 to 44500
~Range at 44170 & 44250 will work as support & Resistance
~Downside if breaks previous day low then support at 43800
~Might be a gap down opening for...
So it was a good down side move by our India market on Friday 16th of September 2022 ,There was a reversal signal popularly known as Dark Cloud Cover. similar pattern was formed on 5th of April 2022 ,post which a negative down side rally was observed in Indian market.
Post analyzing facts and figure my take on Nifty50 is that , we are roughly 8 month away...
This is How I used to analyze when I was a noob. I'm publishing this to warn those noobs who expect market to move in one direction. Guys this type of analysis Screwed the Hell out me. Always have a neutral mindset while analyzing the market and try to include both directions. u can refer my other analysis for the same
Its my first ever analysis using price action . I want to know did i do it perfectly or not? . An ascending triangular breakout is about to form . Once it break out it can show a great upmove and if it breaks beneath support level it might have chances to fall .
What do u guys think??????
Disclaimer ~ only for educational purpose . Invest on your own risk
This analysis is only for educational purposes, Invest at your own risk!
GEEKAYWIRE's price plummeted 20 points this month.
This price action may be done by institutional investors or operators who have accumulated and markuped the stock.
The next phase for these institutional investors or operators will be Distribution , Hence a large sell volume will...
This analysis is only for educational purposes, Invest at your own risk!
LUPIN closed at 841.80 on Friday with a decrease in its price and very low volume .
The Pitchfork drawn shows a downtrend with the stock price approaching its resistance line.
Since the gap between the stock and its 52 week high is pretty close therefore a stop loss should definitely...
[ b]This analysis is only for educational purposes, Invest at your own risk!
INFY closed at 652.30 on Friday with relatively low volume near its Support line
An uptrend can be seen in the ON BALANCE VOLUME INDICATOR
Using the pitchfork an uptrend can be spotted in the price too
A long position can prove to be profitable by buying in at 652-653 Range and...
