Now we have a Bottom (17255) till date ..and a Significant Hammer On a daily closing...price Closed just below 50 EMA on weekly basis..it was close below previous open too..when a Hammer closing at bottom ...it looks significant...may the good agent for bullish reversal pattern..and today we also had a Good higher low 17324...and sideways after making a Sandwitch...
4 t for h wave and Triangle (FLAG) Continues Today...with a disapointmenting CE Buyers Today Including me...I made a Bad Loss Today myself...after a small gap up opening and positive looking breakout was convinced to buy CE at a lower dip...and did..but couldnt control and did some Overtrades..resulting in Bad loss...i learned few good things Today from the God...
After near about 38% Retracement level 17600 ... NIFTY Again looking very positive to go up...Tommorrows Trading session is going to be very Crucial..as it is weekly expiry...so lets see tommorrow how much NIFTY get Close to 18000 level Tommorrow...it is showing good signs by creating a positive Continuation Pattern FLAG & POLE PATTERN ...As refering to this...
In BankNIFTY and In NIFTY there has been seen a Correction after an Impulse on upside..though a correction Both Indices are Looking Solid for an another upside Round..specially Banknifty is more looking preferable...on next trading session we will may see Banknifty above 41600 and Nifty 17800 respectively..POSITIVE Price action is the case here getting a New...
Nifty after an strong Impulse on Upside merely retraced not touched 23% too...which is a positive sign...but could it move Further ..? After a lookout at OI BUILT UP..and wave analysis..price action pattern...It may Trade in a Range 17650-17850 for day or till Expiry on 9 March...setting a new base for an next Impulse to close to 18000... I could be Wrong Friends...
REALTY SECTOR..Which is so for Dominated by short side...looking to get rid off from his BOTTOM..trying to have attention with some POSITIVE SIGNS like BULLISH PRICE ACTION BULLISH CHART PATTERN BULLISH TREND Somewhat...But is this only needed for this sector to become a CUP OF TEA For the Investors....? SURELY If it manage to perform like in last...
As a Sectoral lookout for this start of this March Month, REALTY Sector which is seem to be prefer by the Buying side, evidence to this is LONG BUILT UP happening some realty sectors stocks e.g. DLF ...Which is a good stock in this sector..After a Bottom Around 120 It is showing Courage to go up by making some Bullish Price action, Bullish Chart Patterns...the...
A HOLY FRIDAY...IT WAS....A HEALTHY COMEBACK FOR A HEALTHY MARKET.... MARKET - a place comprises of Sellers and Buyers...so when one Overdominates another ...a pressure needs to to have a place in terms of Counter dominance which is natural...and Today exactly what happened...Now Interesting to see how much this Counter Trend will remain Intact...i.e.HEAD &...
A HIGHER LOW 17306....! Did'nt manage set a new low today...Thats Looking positive sign for NIFTY..In the next few days Will this Higher low 17300 or a BOTTOM of 17250 Manage to Hold..That is intresting to look upon.. I m just Focusing to know with this publication is that a Trader Should know and capitalise the areas of Demand and Supply...which is very most...
Today we experienced a BAD NEWS Vs. GOOD PRICE ACTION...As we all have seen that all the Sectoral Indices Were running in Green despite of GDP Bad News...Upward momentum was so steady and calm...will it be continue for tommorrow..?..I must say it may Continue in the next few days...but Tommorrow ...it is looking SHORT Side....It will retest 17300 again may be...
FBD. ...Fake Breakdown at 17300 Major Support In Today's Afternoon session ...and also Price does not manage to close below 17300..There is Bullish Divergences with this fake Breakdown..which may results into a good pullback and correction in the current Downtrend...as it is clearly seeing that the Market is in Oversold Condition..So there may be good...
Bear Market...? 7 RED Daily CANDLES in a ROW...After Covid 19 Since 2020...Basicaly Nifty Index is Thermometer of our Economy..Economy is doing GOOD..Basic Growth is Continuing..only a problem is Soaring Inflation..is that only a thing to have Bear Market..? or Adani- Hindenburg Effect only..? I would say rather its Elliot wave principle... Time Frame ...
After Today's Intraday Price Action and Daily Closing basis we must kept a light on that is there any reversal in present Bearish trend is starting or it is just a usual Bounce in Intraday /lower time frame..? I must say that, In Nifty and Banknifty after closing on daily basis there are Bullish reversal Candlestick Patterns we had at the...