Today , we saw a massive short covering in both the indexes .
In this video , i discuss an important concept of how to differentiate between an uptrend and a short covering move.
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Expiry Week Outlook- A Short Video. Thanks
Impulsive sequence unfolding from the tops of 44151 on 14th Dec 2022. From Budget day - 1st Feb 2023, Index has been doing a roller coaster moves so we need to be careful as next downside trend may start soon once key & critical levels are breached on downside.
Thanks
I have explained method used in western trading system , Most of them use tick chart because they believe in tick chart
Here in India its very complex people believe in candlestick charting they end up losses by taking lots of stops
Things are available for free to test your ability so keep researching and keep winning the trades
Good luck
Stock is giving a good example of support and resistance the main factor which worked in stock market or in stocks.
𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞💡
𝐈𝐟 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐟𝐚𝐥𝐥𝐬 𝐛𝐞𝐥𝐨𝐰 𝐚 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐥𝐞𝐯𝐞𝐥, 𝐭𝐡𝐚𝐭 𝐥𝐞𝐯𝐞𝐥 𝐰𝐢𝐥𝐥 𝐛𝐞𝐜𝐨𝐦𝐞 𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞. 𝐈𝐟 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐫𝐢𝐬𝐞𝐬 𝐚𝐛𝐨𝐯𝐞 𝐚 𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐥𝐞𝐯𝐞𝐥, 𝐢𝐭 𝐰𝐢𝐥𝐥 𝐨𝐟𝐭𝐞𝐧 𝐛𝐞𝐜𝐨𝐦𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭. 𝐀𝐬 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐦𝐨𝐯𝐞𝐬 𝐩𝐚𝐬𝐭 𝐚 𝐥𝐞𝐯𝐞𝐥 𝐨𝐟 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐨𝐫 𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞, 𝐢𝐭 𝐢𝐬 𝐭𝐡𝐨𝐮𝐠𝐡𝐭...
MAHINDCIE is breaking all time resistance of 300-315 zone.
Has given weekly close above 320 levels last week.
Target 1: 460 levels
Target 2: 550-560 levels
SL: Daily candle close below 315-300 zone
Target timeframe: 6 months to 1 year
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