MrGaggi

MrGaggi

I have tried to put notes on the chart basis current setup developing in Nifty FMCG and upcoming directional move. Looking at RSI and current move we could see more downside though Nifty FMCG is strong sector therefore it may follow cup and handle pattern before breaking out consolidation zone. Breakout in any directional will lead to a big move, though recent...

MrGaggi

Nifty Parallel Channel Movement 04/20. May be Nifty will merge with main long term trend soon. Expected merger dates highlighted.

MrGaggi

Nifty is moving inside parallel channel since March 2020 and 3 times has formed temporary inside channels. I have tried to highlight previous instances where similar setup got created and then as a result breakout happened after double rejections. This time 3 rejections has already happened within temporary inside channel and Nifty is again moving up and may try...

MrGaggi

What i have observed that whenever Nifty has crossed or got resistance from long time trendline it retrace back, ideally it should behave like that. But due to high momentum in short time retracement can be delayed and that is happening in Nifty right now. I think the force behind Nifty run is weakening in coming days and fresh drop will start. What do you think...

MrGaggi

I am observing that Esselpack is showing strong up trend with HH's and HL's. Latest close is above recent resistance zone with still room left to move upwards and test next resistance of 204 and 225. A buy can happen if price come near EMA 20 or 50 as trending near by only. Though strong upward movement is anticipated in next days without testing EMA support....

MrGaggi

Not much to say but feedback is important therefore please do leave valuable comments and feedback. P.S. - I am still learning therefore all rules might not have been followed correctly.

MrGaggi

Do you think above analysis make sense? This is my second try to predict stock movement. I would appreciate feedback and comments so i can do better next time. Thanks in advance.