TWEEZER TOP DESCRIPTION >> BEARISH PATTERN, IDENTIFYING A RESISTANCE LEVEL >> 2 OR MRE CANDLES WITH THE HIGH POINT ACHIEVING THE SAME LEVEL >> CANDLES CAN BE EITHER COLOUR PSYCHOLOGY THE UPPER EXTREME OF THE SHADOW REPRESENTS AN AREA F RESISTANCE. BULLS WERE NOT WILLING TO BUY ABOVE THIS PRICE, SO THE BEARS RETURNED IN FORCE TO DRIVE THE PRICE BACK...
based on W pattern formation entry for buyers possible here @ 1535-30 level for target 1560 + stop as comfort supporting points >>> RSI consistently showing bullish momentum >>> resistance line 1535 possible break for next upmove disclaimer - join your own study to enter trade.
BASED ON PULLBACK THEORY STAY LONG WITH STOP 1380 ON CLOSING BASIS WHAT IS PULLBACK ??? A pullback is a temporary reversal of the current trend, either up or down. The price action in the market moves like a wave: - in an uptrend market, you will see price continue to increase but even whilst it is increasing, there will be times when price will drop. Then...
OBSERVATION :- TWICE RESISTANCE LEVEL 255 TOUCHED ***RSI*** ON ALL BIG TIME FRAMES ABOVE 65 - 70 MARK SAYS BULLISH TREND CAN STAY ON A DEFINITE BUY SEEMS ON CARDS OR HOLD LONG POSITIONS FOR SOME MORE TIME disclaimer - join your own study to enter trade PREVIOUS SBIN LONG VIEW ATTACHED BELOW
CONTINUATION TO IDEA POST OF HOURS AGO 🕵️♀️ VIEW ON CLOSE 👉 INDEX TOO DIDNT JUMP OFF THE TRAIN TOOK STOPPAGE (CLOSED) @ THE SUPPORT STATION (TRENDLINE) WILL THIS TRAIN TAKE A U TURN N GO DOWN TOWARDS KANYA KUMARI OR RUN UP TOWARDS KASHMIR ??? 🤦♂️THIS CLOSE MAKES IT MORE INTERESTING EXPIRY DAY 🤦♀️ BELOW IS THE PREVIOUS CHART FOR REFERENCE 👇👇👇