if it holds no problem. it may bounce back from that level
if it takes our 636 on clising basis k it may retest 640 and 650
negative divergence seen on rsi, indicating weakness. thrice price rejection around 933 is also indicating correction. keep in your watch list. may correct to the level of 890 level
it will be the culmination point of bull flag.
second pole formed, what next, intraday on monday you will see correction to 50 % fibonacci 793 , stoploss will be 818. you will see consolidation if this pole and flag continue above. probably after consolidation. so one can go short and take the advantage of these patterns, if signs of reversal from 50 % seen one should book their profits, flag ...
then failed pullback unable to go past, forming lower top?
nifty should cross the hurdle of 10800 to resume very bullish trend. but for now one should lkbe cautious at this level
soon in one or two days you will see correction
please see the portion of days where I have highlighted with eclipse, where you can see 6 days of price movements . stock made low of 1054 and high of 1142. gain of 96 rs rupees, , now obn 6th day stock tried to make high 1025 but fell short of the mother candle 1025.5 and closed below the close of mother candle. mother candle opened lower and closed at...
break below 259.85 bring sbi to the level of 254. if it breaks above 273 will take it to 283
seein g weakness, it indicates caution. though price is making higher high, needs caution,