Volume should be rise, + price surge will be sign of reversal. I am expecting GAP u p. For the CLOSE Vie w :
I am getting a lot of comments and messages on my channel for JUST DAIL. There is two way to trade on this stock: 1) buy at bottom 469 2) buy above 484 Yeah, I have already entered the call option of 500 strike price at Rs 11 nearby.
1) Prior Trend: For the double top pattern, the prior trend must be up- trend for several months. 2) First Peak: Normally, this peak will be higher peak of current trend. 3) Neck Line: From the prior trend, neck-line should be 10% to 30% normal case. The lows are sometime Rounded or drawn out a bit which can be sign of low volume and low demand...
Just wait for Trigger level.
Daily TimeFrame : Pattern name, Double top The prior trend was an uptrend. 2nd peak has less than 3% penetration compare to 1st peak which is valid for the pattern. Gap has seen in second peak. Neck Line is clear at 26576. A trough is rounded as per Double Top required. a decline in the second peak with accelerated descent ...
The trend line is a straight line that connects the minimum two price points to show the general direction in which price points seem to be going. Traditionally, the trend is used to find the next future price resulting in, it gives the trader a good idea of the direction, in which an investment's value might move. We basically use the trend line for entry...
Look at the chart, you can also decide from it. Reference of last researched.:
Events and reaction : coronavirus infection in China co-relationship of global markets Technically, the channel is strong and support is at 10945 and 10740 . I've also added TimeCycle to find date of reversal.
Almost 120 points fall predicted on TATASTEEL . Reversal can be from now. So i suggest to book profi t on this stock. Look this chart was updated by me last month. Almost 120 points fal l from my short-selling level.
Two days ago I told you clear and clear that there is "No help for nifty" . Last today I am updating for nifty "Don't take long position in nifty because there is still no any sign for positive" I think that we will see here a false breakdown, therefore be careful about long side till. You need patience for the downfall. This the close updated NIFTY:...
Suppose to close today 484 above, then hold long position and CALL option. I have activated this stock to buy when it was traidng 469 today. Ref.
This is common research about past activities and footprint of nifty
Let's see this support of the channel. Below Ref. is also important.
Support 1137 nearby Final Support 1061 nearby If price fall heavy, reversal is possible. The tail is an important role in this stock for confirmation of direction. We have already seen tail last week but it's little smaller. 1242 is first target and last one is 1352 but the expected time will be too far for last target.
I told you that this stock has bottomed out @87. now it's trading 99 nearby. I hope you enjoyed this small observation. Today, I am panning to work for nifty. Ref.
Triangle Channel Flag pattern The resistance of the channel 908-922 range .
Everything is in the chart. I will update shortly daily chart for accurate level to short this stock.
Stock looks good for long with a range of trade 471-493 . Obviously rage is too long and far, therefore I suggest trade anywhere is your own stop loss for long. Easy target 546 and 673 investors target. Trade SETUP example: 1) Buy 488 and, 2) next trade to buy at 473 .