Trade_with_Bhanu

Trade_with_Bhanu Updated 

If you observe the chart above, it clearly indicates that it's forming higher highs and higher lows. A few days ago, on January 17th, 2024, there was a significant gap down below the resistance level of 47520. Many times it attempted to break this resistance level, but today it finally broke through with a strong bullish candle. Therefore, we can confidently say...

Trade_with_Bhanu

After a fall, it's evident that the downtrend has reversed with a trendline breakout. Drawing Fibonacci retracement from the low point to the high point shows a 0.6 retest and an upward movement. Additionally, on January 17th, 2024, there was a significant gap observed. If the resistance level is break, we can expect to see a large candle towards the upside....

Trade_with_Bhanu

After years of rallying up, then it turns to a fall forming a double top pattern. When we draw from the high point to the low point using Fibonacci retracement, the 0.5 Fibonacci retracement level taken and continues the fall. "Note: I will maintain charts in a simple way. Only those with basic knowledge of technical analysis will be able to understand what I am...

Trade_with_Bhanu

After years of rallying up, then it turns to a fall forming a double top pattern. When we draw from the high point to the low point using Fibonacci retracement, I believe it reaches the 0.5 Fibonacci retracement level and continues the fall. After reaching this level, confirm and make an entry "One reason for the fall is because there are ongoing court issues...

Trade_with_Bhanu

After an uptrend, it transitions from higher highs to lower highs. Drawing a trendline indicates it's ready for a breakout. Keep the stock on the watchlist and wait for the breakout. Ensure that when it breaks the trendline and undergoes a retest, that's the time to enter "Note: I will maintain charts in a simple way. Only those with basic knowledge of technical...

Trade_with_Bhanu

Just wait at the support level. When it breaks and retests, the lower end of the broken candle becomes the entry point. Place a stop loss and trail it until the next support level.

Trade_with_Bhanu

It is forming lower lows and lower highs, and is currently at a support level. When it breaks the support level, we can enter..

Trade_with_Bhanu

The main support was broken yesterday, and it has also undergone a small retest. Wait for a moment; it should undergo another retest before entering.

Trade_with_Bhanu

After a long fall, when we apply Fibonacci retracement from the high to the low, it shows a 0.5 retracement, and the fall continues. Moreover, the previous lower low has been breached by the present candle. I am confident that this downward trend will persist on February 29th, 2024. Yes, I am aware it's a Thursday. Additionally, the NESTLEIND FMCG index also...