Infy will just keep seeing nifty as its model and follow what markets react.
In my previous analysis about nifty, i have a perspective of bearish market for weeks and month but now, this week is really important because the price has touched that level several times, resisting, going down, again taking control on naked unnaked zones, and in the end not giving up breaking above. Thus, this week is really important. I prefer waiting for...
Well, price of all stocks really changed its direction on upside and even nifty, touching the long term strong resistance level in a day or two, triggering buy in many stocks along it, even those stocks whose impulsive move was yet bearish. Anyway, great thing ti learn from dabur, Uniformity trendlines really work better on chart and even on RSI! WELL, IF THE...
A dragon fly on weekly timeframe clearly indicates downfall? Dragonfly observed on daily BajajAuto.
Well, i personally trust and trade divergences just too much. In forex, i see opportunities 60% based on divergences. Divergences accuracy is directly proportional to the time frame. Daily chart has been uplaoded, and this one goes on weekly.
Shorting opportunities on hindunilever to touch the channel support or breakout above the resistance channel? Anticipating the price action setup. Work hard Stay humble stay blessed
Bank nifty respects price action perfectly a lot of times. BankNifty looks flawlessly bearish with Nifty looking bearish as well. workhard stay humble stay blessed
When the price formed left shoulder it had enough buying power at that time. Thus, it can be speculated that if there is no buying power, the price has rejected a lot of times to break the resistance of right shoulder. Find shorting opportunities, even many scripts are looking bearish at this point. workhard stayhumble stayblessed
TataChem, struggling to range between the two trend lines formed, i personally would like to short.
You can see how the price actually respected the fib's, Anyway, whenever you see price coming towards the ratio, do not enter blindly, wait for appropriate candlestick formation.
Remember, to prove the point that trading is not gambling you need to understand that to prove certain points, you must have solutions ready with you. In this field, particularly in the example posted above, you can observe that there are several confluences you can spot to gobearish on the fno and earn handsome percentage aka points. Money is secondary. All the...
The price was giving higher highs with bearish momentum. finally the price was a doji to indicated the downfall. the other day broke the initital lower support and closed below it the next day, the low of the above mentioned candle opened our trade and a sweet fall towards downside is observed.
Tomorrows day is important to see the further movement.
Break up above the triangle leads to a very good movement. PS,didnt take this trade, it is purely an educational content.
What a breakdown after breaking the support. what now? A pull back to retest? a continuation downside?
Intraday #1: Price is already at Resistance on a daily chart. Look for some chance tomorrow.
Well, I have an instinct on getting long after the break of this triangle, we need to anticipate anyhow. Stay humble stay happy stay blessed