- Trend - Downtrend (represented by Red bars above)
- Facing resistance from 25 weeks EMA (or 250 days EMA if seen on daily timeframe chart)
- Promoter buying seen in March 2020 quarter.
- ROCE consistently over 25% in the last 10 years. Current Debt:Equity 0.3x
- Making Ascending Triangle Pattern
- Can the National Education Policy 2020 be a Bull trigger for...
BTC went through a strong bearish phase till middle of March and entered in to a weak rally till first week of April. Since then it has been showing signs of weakness as shown by the simple trend following (High-Low) mechanism on the chart.
If the current trend continues we may see 5850 and 4810 test.
I do not trade BTC and all the above views are personal.
Hit...
Just note the high and lows of today
high-24994.85
low-24803.65
if market sub stain after breaking high or low just take a trade in that direction
Just for knowledge purpose i captured complete 1006 points of bank nifty -0.20% by analysisng the dates
Sustaining above high and low is very imp not just breaking
It has been observed that the price action formed a double bottom at 155-157 levels and now showing strength and pushing up price action to new highs and changing the trend from lower lows to higher lows and higher highs. It is a positive indication and the stock shall perform well in coming session.
T1- 170
T2- 175
SL- 162
It is been observed that the price action firstly broke out from the long term trend line and now breaking out from a short term trend line indicating a strong up move ahead.
It is not fundamentally good but it shall provide good short term returns.
Target 1: 30 (50%)
Target 2: 45 (120%)
Stoploss: 17 (15%)
Disclosure: Personally invested.
On monthly chart, the price action indicates a change in trend.
Why is it a Change in Trend:
1. Price action making lower Highs (LH) and Lower Lows (LH) on monthly chart created a downward trend channel.
2. Now the price action made a Higher Low (HL) as indicated in above chart that indicates rejection of lower prices and buyers entering market to control...
