This is Weekly Timeframe.
AB Capital was in consolidation form March 2021.
While consolidating it had took 3 time major support.
The very 1st time it came near previous resistance acting as support now,
it formed dragonfly doji and gave strong rejection.
The 2nd and 3rd time it came near support,it bounced back with strong volumes and formed double bottom...
Nifty now at the trendline support
There is a chance to reverse.
if it reverses, then possible to retest 17490
If it cross above, possible to test 17750 by next week
PAYTM falling wedge pattern in 1 hour TF with reversal near 50% level of Fibonacci. Longosition can be planned with SL below the Swing low near 50% level.
Pros :
Technically good base created, and every raise volume also getting increased
Sales is improving on QoQ
Profit and ROE got improved
Debt is decreasing
Cons
Debt on Equity ratio is 3.8
Current Ratio below 1
Fundamentally neutral stock, but based on technical, it good candidate. Also in this sector many stocks are already outperforming
Note :...
The analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn...
Nifty-Fut: Last Closed @ 14622
Crucial Support @ 14430_________14370,
Yes, ANy Decline or panic Will Think for buy, Only, if mkt, Not JUmp, and DIrect panic from These level, Then only in panic we will Buy,
UPSIDE HURDLE @ 14747_14770
if nifty Stay above 14770, THEN small rALLY WILL ZOME Upto___14870___14947
ON RISE, WE WILL SELL,........ #kingresearch
Clear all time high break out with high volume, pull back to the BO area.
Price action - cup break out(meaning proper accumulation happened)
Fundamentally - QoQ sales is increased, ratios are decent enough.
please make sure that you take the below the trend there is a good fall to be seen in upcoming days there is a down side price action in larger time frame a pure price action based trade and this could only if it cross the trend, then a major correction can been seen in upcoming trades, its not just for intraday it can be a good positional trade can short the...
As we all know Forex is the largest and most popular financial market in the world, which means it is extremely liquid and frequently sees a daily turnover of trillions of dollars. But at the end in trading it's all a ZERO SUM GAME if someone makes money on one side then someone loses money on the other side.
So it's very important for us to be on the right path...
