Pleas see the arrow mark on the candle stick I have pointed and carefully observe below on the RSi below , it made lowof around 33.06, then proceed to the next bar you cansee a doji candle stick making a low of 442.05, i remember that day, it was on the opening bell itself it made this low and didnot touch the day,s low anytime in the day, now move your eye...
amazed to know how many people caught on wrong foot
please see the round eclipse where i have spotted and notice the primary trend of the market is still intact and now price is near its breakout to upside now, if price tests around 439 to 435, donot sell furthur , we may expect bounce, only if it breaks this strong area then only there will be chaces of going down furthur. so be careful in this area.
price may correct furthur to 578. please trade carefully
see the price is struggling over that price range. after repeated play in this range, it may breakdown to 435. till that time one can trade range bound to 443 to 463
sell with stoploss of 651 to the target of 624 and 607 and 595
buy with the target of 209 and next target to 214 stoploss 211.86.
it has broken out in weekly chart but immediately there is resistance at 170, can look for pull back to buy
The Big circle in yellow where i spotted with yellow colour suggests It is price aberration. It is 10% upmove from 1451. and small circle in very light color indicates its price reaction to result announcement.if you go back to the chart september 2016, you can see the exuberance. price has rallied from and around 800 to 1451, you can see the volume spike...
Rsi is oversold. but it may reach the levels of 417 to 428 . watch out
nifty key breakout area is 9000 .But nifty is struggling. there is tug of war between bulls and bears earnings reported till this time not great, consistent banks resuts are not very AAha. May be growth slow down. I want to be bear.
After making an high of 298 in the month of october of 2016, it has retraced to the level of 247 snfd then pulled back. reached the price of 292.5, but it never touched the previous high and traded in the range from 264 to 290. so i feel now the stage has set for its brekdown from this range. Key level of breakout in the pull back from 247 to 292 is 255, now...
it is giving buy signal, but it has to be confirmed after crossing 737
strong support is at 279.5. as it has bounced from consolidation range of 263 to 280. i expect to take support around this area. sellers be cautious over here