Decreasing selling volume denotes price manipulation(fake selloff)
Base forming at ATH (All Time High) while Respecting previous low shows some serious strength
Sector Comparison
#niftysmallcap #niftymidcap #niftyfmcg are showing more strength than #Nifty
If benchmark #nifty changes its trend, then these sectors may outperform the market
Filter your #stocks according to the sector
It's a descending triangle pattern
If the price breaks and closes above the trendline, one can see for buy-side
ADX line gives you confirmation if it is above 25 while breakout
The price had Retraced back from the demand zone.
consolidating near 50 ema.
Risky traders can enter
safe traders may wait for confirmation price closing above the 50 ema.
ADX:
Crossover of +DI and -DI (Above 20)
ADX line rising from the bottom which indicates a directional momentum
RSI:
positive divergence which is a signal for bullish price momentum
EMA:
price trading above 50 ema which act as a support
points to note
RSI showing a bullish divergence
Price made a double bottom formation
stock is forming new higher low formation which tells bullishness of the stock
we can see an imbalance and gap above
Price is forming a bearish pennant pattern which is a sign of reversal . price had tested the demand zone and retraced back to supply zone , the overlaping of candles shows the weakness of price.
