Last update There is now a break down of the dow theory it went back up from sup but still stuck in a range
Banknifty just made dow theory. I think its bullish (the path i made is just a guess) I hope it follows the path
A Dow theory is a chart pattern which can be either bullish or bearish . BULLISH DOW THEORY High is broken but low is not broken Higher high, Higher low If low is broken, Trend change BEARISH DOW THEORY Low is broken but high is not broken Lower low, Lower High If high is broken, Trend change
Share Ind just had a double breakout breaking its regression trend and the resistance this along with it being on all time high and MAR giving buy signal means 70-80% it going up so buy it is!
A flat top/bottom is a drawing that can help identify a breakout before it happens. The Flat side is mostly the side that gets a breakout so in this chart, price may breakout upwards (mostly)
Share Ind Securities just broke the curve I dont know when I made that but apparently I did and Share Ind just broke it with a resistance Guess I will wait for the support to be broken before short or I will leave it
Ambuja cement is on a resistance and looks like a short here the red lines below the price (I hope you can see) are the targets.
I was just going through charts but then I saw a curve fitting through the chart so I made it and looking at it I thought for trade at 12:45 because if I fail there is sure support to hold me and the lines got different at 12:45 and went in different directions
Adani Ports Broke a uptrend which it could have gone back to but it went even more down and broke a support and sustains below making it bearish
Axis Bank is Highly bullish as it just broke the all-time high and brake the retrace peak I am in a trade with a few quantity (just 20)
SBIN stock is mostly Bullish. It just gave a good enough breakout so I am in for a long (Just my idea, trade at your own risk!)
See it may seem weird but go to reliance 3month timeframe and go back 18 years 2 months and 4 days (From 05 - 09 - 2023) And see it for yourself in this chart It has touched the top twice but has never stayed on any sides for this long so if it breaks we can buy (Buy on your own risk )