- Gap opening can be expected
-if gap up then bounce back till 44700 to 44750 may be touch
-if gap down then then then it can touch 44200 to 44300
-44500 to 44400 may be important range level keep an eye on traps or fakeouts
Notice : Fridays have big up and down moves
Note : Do your own analysis before taking any trades or investments
Intraday trading is a popular approach among traders who aim to capitalize on short-term price movements in the markets. To succeed at intraday trading,one must be able to quickly analyze and interpret price action charts.
Price action charts show the movement of an asset's price over a certain period of time. Traders use these charts to identify patterns and...
Simple Price Action
Formed a trend line support from June and respecting the levels.
Gave a breakout , took the retest and again broke the weekly candle high with High volumes.
The index is daily resistances
T HE FRIST target is 38000 and final target is 36800 .
Also here is mother candle at a daily candle which indicates weaknesses
This is for educational purpose
THE index is at important level at daily time frame
The first target is 17400 and second target is 16800.
As the index has resistances from its life time high trend line.
Also the is bearish Engulfing candle
This is for educational purpose.
IMO everything will follow the path of China. Everything we own says "made in China" -- so why aren't we following BABA as a guide??? Our indices have followed the path. Our big caps are following the path. We don't need to reinvent the wheel. It's right there...
I don't known anyone else who does this simple channel scheme w the charts. There may be a...
Keeping it simple, long term supports and resistances are marked in the chart.
The selling pressure is high as foreign investors are pulling out of the Indian markets and the government acting against the market's expectations among other reasons. The sentiment is bearish. If nifty breaks the current uptrend, then we're looking at 10500/9950. In case of a...