GBPNZD is continuing downtrend on the 4 h chart. And create HEAD AND SHOULDER pattern and BEARISH FLAG. IT Broken the structure and so that It pair down trend continue. SL 200 pips, TP 490 pips.
NIFTY DAILY CHART SETUP WHAT WILL BE NEXT TREND SETUP NEXT FEW SESSION.
1. NiFTY bought from extreme oversold level 15800-16000 at this level two double bottom candle seen which indicates nifty bottom out at 15800-16000 level and from this level nifty at cmp 17287 around 1300 points upside seen which is strong upmove
2. last candle of nifty is breakout candle...
Today we can find a descending triangle in uptrend given a good risk and reward
find in spot chart
entry @ 11956
stoploss @ 11940
target @ 11978
make a good entry
t.me
in normal condition stocks keep oscillating around it's big moving average like 100 or 200 days.
unless something terrifying happened,
i looked pnb and observed that this stock is very much respectful towards its old supports and resistance.
also it looks like it is moving upside i channel. and its target is 200 ema
