PrabhatMishra

PrabhatMishra

February, where pivots were acting as a resistance and EMA crossover, was in the downward direction, after hitting low it cross the pivot with decent volume but then volume started decreasing and the price was increasing, eventually, there was a pullback but the price bounce back from the pivot now the uptrend was confirmed by the EMA crossing and increase in...

PrabhatMishra

After the IPO of SBI CARDS, there was a downfall, then for few sessions, it started surging. after the first breakout which was supported by the crossovers of EMAs in (phase 1), 21 EMA acted as a support, at every minor uptrend there were crossovers that were conforming to the price actions. and then the consolidation phase started (the price started moving in a...

PrabhatMishra

As explained in the chart.

PrabhatMishra

Firstly there was a breakout on 04/02/2021 with good volume, even before that the price was increasing and the volume of the trades was above 5 EMA of volume. Another factor was EMA crossovers just before the breakout. As the price increased there was an increase in volume consistently, then there was Doji formation with high volume in the next two candles, volume...

PrabhatMishra

As we can see there is a channel breakout with a high volume in November which is supported by EMA crossovers and if we place 200, 100 moving average & pivot points it's giving great support there. Moving further after a pullback there is a support and resistance forming, after the breakout of the resistance again with high volume, there we can see (1/3/2021) ...