CMP near support lines
RSI levels below median 50
MACD line cutting signal line
Pivots Fibonacci testing Price levels
Strong fundamentals (event driven)
#Targert500
RIGHT TIME TO BUY
At 173 price range near the support line and set a target of 197 and keep long position
Well supported by trend analysis, Exponential moving average and bollinger bands.
There is a formation of ascending wedge and the price breaks resistance at 193 thereby pushing the price above .
IMP: there are two doji formation meaning indecision in the market and the next day sellers were aggressive.
GOOD TIME TO SHORT
We can observe that their has been formation of ascending triangle forming a wedge and the price breaks the upper resistance at 94.
This means that the buyers are aggressive and the investors could fill in the positions when the price breaks resistance at 94
