The trend is turning up in Sun Pharma. Expecting Breakout in it.
What Market is Doing? Nifty Weekly Return: -3% Nifty is in intermediate downtrend. The pullback in downtrend seems to be over. Volatility is rising. The RSI is diverging with with the Nifty. I have already tweeted about it. The long term trend of Nifty is up. Nifty Support 11100. Resistance 11850. The number of stocks with clear downtrend is higher than those...
Nifty is in short term downtrend now. Resistance 11650 & Support 11400.
Nifty is not able to cross the orange line. The lines drawn are proved correct by the market. Next support is the green line at 11400. Lets see how trend evolves.
Lets see what happens in this stock with extreme selling.
WTI Crude oil is in intermediate uptrend. Holding the 55 level boosts the possibility of testing previous highs.
Watching intraday charts.
These lines are really helpfulllll in trading.
Bank Nifty is about to have volatile moves in next few days!!!
Its oversold stock and I am expecting significant pullback.
Watching the two trendlines for trigger. Risk Reward Ratio Is Attractive. No Directional Bias.