in cnx nifty mnc bearish deep crab harmonic pattren gets activated. bullish upto d point then price reverse
It has broken parallel channel after 1.6 yr on weekly chart. let's see if we are going to have bear trap or the bearish fall. We yet don't have the follow through selling
Flag breakout in CNX MNC. keep a close watch on stocks of the index.
it can be false breakout wait for BO confirmation both side.
Price Abv All DMA's Playing In range. Can Pick this Sector for further analysis.
CNXMNC index broke the triangle (height of 1775 points) on the downside opening its drop towards 10600 which is also the resistance-turned-support levels broken in early part of year 2017. Expect major contribution from Consumer Goods stocks which constitute 40% of CNXMNC index weight.
Wave-iv retraces exactly at 61.8% of wave-((ii--iii)) distance at 10045- High. What Next? Where traders make mistakes- counting 1-2-3-4-5 --will you go & take buy or sell -think again because kindergarten students also can count 1-2-3-4-5- if this chart is shown to him. Seriously, you don't believe-try showing a printout of this chart to someone close to you-...