Price rejecting from the trend line and taking the support from the same level which makes it very strong level. When ever price reaching these levels then one can enter the trade with stop loss.
Price forming Triangle pattern in bigger time frame and it takes sometime to break the pattern. Mean while one can trade with lower time frame patterns for the same.
Price forming a pattern near the resistance and it will break in the coming days, as the analysis is on weekly time frame it takes months to break. One should look for breakout patterns in PSU banking stocks.
Watch Auto stocks which are about to break as the CNX Auto is ready to break.
Price will follow the track as mentioned in the analysis. ATH will be the target. If breaks the trend line then it will reach the support below for sure.
Falling wedge pattern in US VIX is not a good news for the Global market. World is getting ready to hear another bad news shortly !!!
Price after the big bull run witnessed a big fall of a week. A reversal signal came one week before this and now price starts to fall. Reading candle sticks also very important in trading.
Price at triangle support and it is good to add Auto stocks to your watch list.
Price accumulating near the ATH and it has all the potential for sudden break out. Looking for an up move.
Price after breaking the triangle pattern reaches the previous high and rejected from it. Watch closely for the close above ATH in weekly before deciding Long.
Price climbing up the channel unstoppable from 2018 despite Covid-19 the move was almost resulting 90% profits. Now price reached the previous high, trade carefully.
Detailed analysis done let it reach the new highs. It may be looking impossible but everything is possible as INDIA found new medicine for the pandemic hope this will boost the markets further up.
Nifty breaks strong resistance levels and without retesting the breakout levels it is just flying high and high.
Price reached the important resistance level once again with a bang. This time it will definitely breaks the resistance and before flying high it has chances to retest the same and reach new highs.
Price forming higher lows but taking support from the same levels for the last 6 months, so it has all chances to break the trend line and move up swiftly. Chances of breaking the support level is also there but still when compared to trendline break it is minimal.
Price breaks the important resistance level and failed to hold the momentum and returned to the previous levels below the important support. Now once again price is all set to break the resistance and jump up. Banknifty will be on big move !!!
Price forming a descending pattern and currently trading above the support so that it will break the trend line upside in the following week.
Price after a big bull run trades sideways and now its all set to break the box pattern. Wait for the break and trade.