cnx nidcap 50 7 aug 20 piercing gap with wr candle
looks good for this week play wrt sector crs and stocck crs as well
broke it own sr good for a quarter
just showing up no confirmation yet,align with sector specific
not yet broken but in the making and a must watch,mind had history of faling so could be retracement in the downtrend.
anticipating BO in this align with stocks in individual sectors or leaders
crs break out happened after a quarter sideways so for a quarter good moves,align with other crs BO within these stocks included in alpha,midcap,smallcap,etc
above this band of 475 and 487 its a pyramid,a kind of beating its own ressistance
its almost a copy of nifty which is worrysome as 61.8 fib many hurdles.
2 contrast pitures in nifty and bnf,nifty already at 61.8 fib and bnf @ 38 fib
almost 2nd time ressistance at fib 38.2 @ 22400,trying to find ground at triangle base,dual price auction,21950 MUST to cross with volumes in fut to sustain the upmove as short coverings will add fuel to the bias,breakdown of 20800 puts back to 2months balance zone 17k till 21k. cmp 21600 entry stands good for long with 21050 sl and tgt1 23.4k(horizontal S/R tgt2...