Looks bearish, may be for a short period of time, bearish engulfing on the weekly chart too.
Volume spike; strong buy. I'm expecting the share to hit 1572. Expected max waiting period = 34 trading days. ie; about 5.9% return in about a month. Note: This is my view, please don't follow me blindly.
NIfty & Bnifty Both in sweet resistance levels, can they make it a break???
Four times Nifty hits it's resistance in last 20 days. Q: Will it break out? A: Well, each time, hitting the resistance makes it weaker and weaker. Q: Will it consolidate? A: Probability is very high, to consolidate with in the triangular pattern for at-least one or two weeks. Q: What are you gonna do? A: I'm gonna trade in options on distant strike...
For a shorter time at-least. 282 and then 295 should be the immediate resistances.
Marubozu!!! Above average volume spike. Closed above consolidation. Going long with 50% of the intended capital.
Looks like it's gonna make a break out on the up side, but a break out and a green continuation on the next closing will add to the confirmation on the view.
Beautiful pattern formation, waiting until a confirmation on either side break out.
Listed in my watch. waiting to see how the buyers and sellers react
I personally do not trade in stocks which are priced so low, but the chart pattern is interesting.