Book profits or reduce position or exit long
some time back it was oversold which was the opportunity on back of negative news.
Now on the rise till new peak is not made book profits as it move near peak.
Expect near term correction or sideways volatility
Bearish and Bullish
Red alphabets Bearish
Blue alphabets Bullish
Breakout and breakdown key for directional movement.
Events in March 22 to provide momentum based high speed expansion.
The daily chart is in oversold and trying for exit out of oversold.
Horizontal line support are at 298 and 282.
If these support are held then expect pull back.
The gap down will offe resistance at higher levels.
The lower top is at 325.
Gap is around 304-310.
Expect resistance and supply at higher range
till 325 is not crossed.
Oversold and support of...
Underperforming stock considering market fall and participation of the fall.
Relatively Under performer.
testing 78.6% retracement looks to be on charts.
114-100 key support levels to stall the fall.
If recovery happen at the support good.
RSI hitting oversold on weekly chart as shown will be critical along support support 114-110.
If the recovery has to...
Expect retracement to be tested in due course of time.
200 weeks average to be tested.
along when RSI hits the oversold zone for new trend to emerge.
retracement 278 and 243 may try to find support along with 200 weeks average.
Oversold of every time frame like daily, weekly, monthly or quarterly.
always the best entry opportunities whenever is happens for...
200 week average good long term support.
Along with 50%-61.8% of the historical rise.
For traders 38.2% of historical rise critical 100 support.
next support at 83 and 61 as shown in the chart along the horizontal line.
RSI on weekly is falling.
New Trend emerge from Oversold and in co-ordination with support of retracement as shown
200 weeks average violated
Historical retracement of the 5 structure resumes.
Wave a to terminate at 50% or 61.8% of the historical rise
or and sub wave degree Wave iv which is around 61.8%
345 and 264 historical retracement to find support.
Pullback for wave b can resume from retracement and support as shown.
200 day average.
Cluster of support of earlier top and bottom- finding support around it.
Breakdown below the horizontal line extend the slide.
Could be finding support at lower level for near term.
Critical support zone.
Possibilities of flat, triangle if support zone is to be held of 550000
breakdown can lead to a deeper correction.
In that case can extend to retracement of rise from March 20 low to the current peak.
50%-61.8% if breakdown is seen.
If recovery has to happen then now or from 550000
critical event budget and election for...
DJ chart snap shot
Support need to be found at 61.8% as shown in the chart and at horizontal line.
RSI approaching oversold on daily.
If crash get vertical to break retracement 61.8% and horizontal line then expect down retracement as shown.
Hope to find support at horizontal line