Weekly chart is showing reversal on nomral chart as the price has broken out of falling trend line with volume and moving average cross over (13 EMA crossed 26 EMA to upside). Log scale is showing that price has still not broken out of falling trendline and counter has reversed from the resistance line. 834 stand as a major resistance which must be observed to...
MCX is on date of change. Bearish Engulfing reflecting the same view. Expect price to drop from here. Accumulate on PRZ if shows Bullish Evidence, or Momentum Indecision.
Will Update the Target for Short Term once Trade is Active.
Has been falling the past 9 days, with the first green candle today. hasnt broken PDH in the past 8 days,
Long only if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending...
Weekend lvl 9 + Inside Bar
Has been continuously falling from past 9 days and today made an inside bar with a green candle. Also it is bouncing from 700 lvls which is acting as support.
Long above 712.95, SL PDL
If gap up or down, follow 5m ORB.