However there was nothing in the Daily candle of 6.12.2017 that indicated a strong upmove (although the Doji candle of 5.12.2017 did indicate indecision but it was annulled by strong negative candle of 6.12.2017 then what was the reason we didnt went short even after no rate cut and after a breakdown of trendline as well as a negative candle after doji..rather...
it was a good learning - one candle should not be used to conclude for a trade especially in shorts, rather we should wait for next candle for a confirmation. as i misinterpret in bnf in my last post. now going forward- it formed a hammer setup as well as tested rectangle ,25000 level is going to act as very imp support in banknifty . hourly chart 25500 is...
weekly nifty media index was in rectangle formation, breakout is seen on charts. top constituents by weightage :- 1)zeel- 49%(major ) if index has to reach its rectangle breakout target then zeel has to participate . we expect zeel to hit 600 plus targets in November series as per chart setup 2) suntv - 13.96 posted on twitter (twitter.com) ...
Before going forward our previous nifty analysis we saw breakdown and result ... Now comes question "Whats next?" To answer this we will use Harmonic pattern as well as learn it.. some of you may have seen colourfully drawn Harmonic patterns named as BAT,GARTLEY,BUTTERFLY but wondering as to what they are --- here is an easy set of illustrations 1. 2. ...
multiple resistance breakout buy for 1200 target sl 1090
The Indian NBFC sector has witnessed exponential pace of growth in the past 5 years. This can be attributed to the growing demand for alternate sources of demand from small and medium enterprises on one hand and dismal financial prudence displayed by public Banks. Even though the SME sector is still reeling under a steep credit deficit of $50 billion owing to...