Volume increases continuously, breakout of approx. 10 years. Looks bullish on chart.
View is for education purpose only.... Observations as per chart- Trading above 50 MA i.e in Up-trend; Inverted Head & Shoulder shows bullishness. Preferable: buy on dips near 46/47 for target 55/56
Sharing my point of view for education purpose only. View on last 3 trading sessions: Downside, Upside & finally a consolidation. In last trading session, a sharp recovery can be seen in just few minutes. This shows there is still strength in index..Hoping for gap-up opening on Monday.
For education purpose only... Perfect Head & Shoulder Pattern (Bearish Pattern MACD line crossing below "0" line.
Bullish view for next trading session on N50... Reason behind view are as follows-- Multiple Candle stick Pattern: Three White Soldiers. Falling Wedge Pattern which indicates downtrend is losing strength, resumption of uptrend. Breakout Level is 14865. Breakdown Level is 14240.