Trend
Price behaviour at certain level in nifty See the price behave in big regression trend, it is for long investors how they catch sight of it. There are always two scenario in the stock as we always see,
The first thing is that the three regression trend i have plotted inside the big regression trend, the two regression are in "UP" direction trend and the last one is in "down" direction. So can be possible that it will break the small support and move down
Second scenario is that the price is more at its resistance since many days, it could be possible to go for resistance again.
Everything is based on what has already occur in the history.
Sellers pressure on NIFTY will push price...!There're two scenarios created by NIFTY.
Previous support 11816 existed.
Control price attracting value to 11841.
Sellers pressure will lead price toward value low at 11802 nearby.
We will take accurate action very soon if you want REALTIME al ert , HIT LIKE button .
GRASIM | Weekly Trendline defining termsStock exhibits sustained weakness in Weekly time frame. Falling Trendline holds valid and rejections have been pretty strong whenever the stock hits it.
Currently the stock has hit the Trendline again wherein we could also spot 38% FIB retracement adding strength to the resistance.
Though the above points guides us to take a strong bearish view, we need to be aware of recent higher low formed which might be an indication of Bulls putting a little fight and bear trend losing momentum. That takes us to the point where in a break below the recent rising Trendline or a break below 810 level could cancel out any weakness for Bears.
Considering the overall picture, the stock still inclines in favour of Bears and a break below 810 will only make the case stronger. Alternatively, a Weekly close above 930/950 levels might indicate a long term trend reversal in favour of Bulls.
Price Action Lesson 7: Conditions of a Perfect Shooting StarConditions of a Perfect Shooting Star:
. Body is short.
. The height of the candlestick (the difference between high and low price) is tall enough and it's more than the Daily ATR(264). The taller the Candlestick is, the stronger the Shooting Star .
. The upper shadow (also known as upper wick or tail is the distance between the high price and the close or open price, whichever is higher) should be very tall, over than 75 percent of the Daily ATR(264) is better.
. The lower shadow (also called bottom wick or tail is the distance between the low price and the close or open price, whichever is lower) is nonexistent or very short. It should be less than 25 percent of the Daily ATR(264).
. The Shooting Star with the bearish body is stronger than the one with the bullish body.
. The picture shows a perfect Shooting Star candlestick .
As seen, the height of the candlestick is tall, but the body is very short. Also, the upper shadow is very tall and the lower shadow is very short.
. The close price is lower than open price, therefore the body of this Shooting Star is bearish , and the strength is very high.
i bull is now beareshhi traders indial bulls looking weak .....go for short it is breaks suports your target will be 729..enjoy the trade ....if it breaks trend line see for the volume it volume is more go for long . thank you
PC JEWELLER ENJOY THE PROFITSHI TRADERS THIS IS MY 3RD ANALYSIS AS PER ME PC JEWELLERS ARE BREAKS THE RESITANCE AND CAME DOWN . IT IS BREAKS AGAIN GO FOR LONG
WAIT UNTILL RESITANCE BREAK . RISKY TRADERS GO LONG . THIS IS PURLY MY OPENION NOT FOR ADVICE . THIS IS FOR EDUCATIONAL PURPOSE ONLY FINAL DECISION IS YOURS .