Nifty View: A beautiful 150 point up move from the benchmark Nifty index in today’s trading session to mark the end of the recent 6-day old consolidation. The trend was UP and now with today’s rally it has picked up fresh buying momentum. Also good to observe stocks from PSU banking space participating in the up move, especially index heavyweight SBIN. The worry...
What is a Bullish Flag Pattern?
The bullish Flag pattern is usually found in assets with a strong uptrend. It is called a flag pattern because it resembles a flag and pole. Pole is the preceding uptrend where the flag represents the consolidation of the uptrend.
How does Bullish Flag Pattern?
The flag pattern resembles a parallelogram or rectangle marked by two...
Nifty View: Range bound price behavior continues for the benchmark Nifty index. At a close of 17,385, the index slipped a bit, from its intraday high to manage a small gain of just 25 points. It is now six trading sessions that the index has stayed range bound which is nothing but a sign of consolidation after the recent rally. The underlying trend is very much...
Looks like wave B is still not completed as wave C are mostly sharper wave.
Most likely wave B is still in making.
Stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
MARKET ANALYSIS AND PREDICTION FOR Week Ending ON 16 SEPT
*******************************************************
* NIFTY 50 *
---------------------
SUPPORT AREAS RESISTANCE
--------------------------- ----------------------------------
1ST SUPPORT AREA : 17338.55-17354.25 | 1ST...
