The report comes close to ADANIENT FPO by a professional shorting agency. If this report doesn't contain any infamous, hitherto unknown, details about Adani, then the near term prospect may not be so grave barring, some vicious volatility. PS: More TV interviews of Gautam Adani?
1. For explanation of "on neck" pattern please check out the video of Kunal Sarangi with title "Candlestick Pattern Jo Fail Nahi Hota". (Although not a sharp uptrend before on neck candle, but definitely a big bullish candle) 2. Delivery data of of Week of 3rd Oct (4 trading days), with week of 26th Sept (5 trading days), the delivery was higher in the latter...
The old ATH of 90.9 made in 2018 was conclusively broken for the first time on 4th October 2022. Since then the daily pricing hasn't seen a lower closing. The new ATH is preceded by a classic Cup and Handle Pattern that saw corrections in price and drop in volume as per standard norms. An ATH so achieved after many years, preceded by a bullish cup and handle...
1. Price has retraced on falling volumes. 2. The small body candle formed at the end of retracement has its low at exactly the same level as a previous BO candle low (watch green color support line) 3. The next small body candle has a higher closer and at a higher volume. 4. Also the change of inclination of ROC(9) on (close) and ROC (3) on (Hull MA (Close10))...
June 17, 2022, since when Nifty started its ascent, this trendline hasn't seen a lower Daily Closing. Also price touched this trendline on 4 Fridays. On 3 Fridays' sucessive sessions, the price bounced up. The 4th Friday was on Sept 16, 2022. Will Nifty bounce again on Sept 19? PS: Trendline joined by joining precise lows of June 17, 2022(Friday) and Sept 16, 2022...
Since NIFTY started its rise from June 17, 2002; this trendline hasn't witnessed a lower closing. Trendline of HLs formed by joining the lows of June 17 and Sept 16.
Since December 2021, 5 times the bearish engulfing pattern has been formed at a High, 4 out of 5 times the NIFTY has gone down after bearish engulfing pattern. Today (August 19) is the 5th time.