When we saw heavy selling in US stocks at the same time we have observed weakness in some of indian index. Metal index is one of them. 5900 is a crucial resistance zone where index been rejected multiple times and even last week price broke out but failed to sustain & friday we saw rejection from the zone. A reversal candle will confirm the pattern and can...
Since Rs. 670 M&M is moving strongly and after almost 100% return in 4 months now looking like the scrip is going to halt the speed as technically the scrip completed the 5th wave of Elliott's theory. Lets see what is ahead.
#Banknifty — this is the best example to understand how demand and supply zone behaves on breaking its territory. in last 4 trading sessions market open gap-down and previous day demand zone acted as supply zone for the day, this theory is called breakdown and re-test in simple terms. The logic behind such move is short of demand not excess supply and when...
Here the beauty of charts. They says the future. In coming days nifty is expected to hit 18570/ Previous high as Nifty50 index has completed inverted HNS on hourly chart and most probably we may see 18575 before this expiry. even F&O data indicating the same. Lets Hope for the best. Happy Trading.