Always little be penetration can be seen in intraday research.
The control price of major channel and value high of minor channel can be Intraday U-Turn point at 11608 nearby and minor yellow channel has value low at (D) 11523 but value but intraday support can be 11563 in some case only because already support has taken by Manjor channel at (4) and target for...
Wait for TAIL & excess at a value high to short this stock.
Your target 1430 and above it, expected excess with tail 1455 nearby for short seller eye.
For observing minutely, you will find every time tail when U-Turn. Important is tail for trade on this stock.
Banknifty also difficult to understand as wave movements.
Price is near the channel support.
Smaller positive new can boost banknifty to upward from the value low.
While nifty is weak and Banknifty is positive which indicate the direction is not clear and market waiting for news.
Price is trading at a "value high".
Suppose to extend price rotation as drawn in the chart then Spike is ready.
The 30min can close above 148.7 then, 90% chance to make spike for targets 151.5 and 152.25.
While Spike volume should more than average volume, for instance, 2x volume will confirm the spike.
Support at 147
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Gold finally paused after the stellar rally as it moved in a range of $55 cradled between the support and the resistance posting a negative return of $10 after 6 weeks. The fall was on account of better than expected payroll data which reduced the likelihood of a rate cut in the next Fed meet allowing the dollar index to move higher. But even amongst such...
created a TAIL at support line.
Breakdown the "major channel".
61% "fib. retracement" at 11492 nearby.
personally thought is that We might see more fall but technically price has support.
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This value area channel has completely in tight trend.
Support at 30234 nearby exists which can react with smaller penetration.
There is require big -ve new to break this channel, therefore I am thinking for U-Turn nearby the support.