If you look at the monthly chart of ETHUSD, you will notice that the price is at discount zone and has hit an important Discount Array (FVG). It has reached the 50% of the FVG and reacted in a positive way. Now we need to look at lower timeframes (1 Week and 1 Day) to see if price is willing to go higher. Now this would be the right time to Invest if we see...
The previous high is broken and nifty made a new high recently. Being said that, the price is at extreme premium. I expect price to retrace into the discount array of the current swing range.
The recent demand created by the Bulls are broken. Price is expected to be bearish henceforth.
Zomato touched the strong demand zone that broke structure from downtrend to uptrend. Price reacted strong when the zone was touched and the volume was huge. Mostly if NIFTY is positive on Monday, Zomato could change its trend and continue to rally.
The only hope for Paytm now is that it sustains the demand zone it tested today and changes its overall trend. If this demand doesn't hold, the price can fall to more deep levels.
Nifty 50 created a strong supply zone around 18300 level. Price is approaching the zone on zigzag form touching all demand zones and filling up buy orders. Price when it reaches the supply zone, it may react with huge momentum.
Indian Bank has currently broken its resistance zone with huge volume and came back for retracement. It took strong support from 0.5 fibonacci level and most probably going towards higher high.
Confluence: 1. Moving Average 2. Break of Structure 3. Fibonacci golden level 624-630 are the demand zone levels. Once price reaches the zone, wait for candlestick confirmation and break of structure in retracement trend.
After a huge rally ITC was in consolidation for days and now the the consolidation has ended with a breakout with volume.
After consolation for weeks, zomato had given a brrakout with huge volume. Time to go long on zomato