1.We can see falling wedge pattern which got failed. There is an breadown along with retest. 2. By fibonacci tool the retracement is of 38.2% So from here 2 things can happen either market may open flat/gap up which has very low probability but even if it opens it will test fibonacci level of 50% & should give fall. 3.We can expect...
1. On daily time frame there is trendline breakdown while on 1Hr time frame we can see it clearly with some doji consolidation. 2.rectangle range breakdown along with the trendline breakdown are good points to stick at bearish side. 3.On 15/3/2021 for better down move the stock as to show some retesting so that shorters can short it at some upper value. 4. On...
1. On 1 hr time frame we can see there was a trendline breakout on 12/3/2021 & closed with retesting along with red doji. 2.15080 seems to be very strong support and since sgx nifty closed with 61 points up on 12/3/2021 we can definitely expect nifty 50 to open gapup on 15/3/2021. 3.Levels to note A. Nifty may open at 15045 levels and reach to 15080...
1.On 1hr time frame we can clearly see a range pattern along with a beautiful pattern i.e HEAD & SHOULDER PATTERN. The trade is bearish for tomorrow. 2. Also the Green trendline is support trendline and to break such strong supports it requires very promising pattern and head & shoulder is the one. its very rare that a head & shoulder patterns get failed. 3.If...
1.On daily time frame the green trendline shows Rising wedge you can have a very clear view on 1Hr time frame. 2. Also there is a HEAD & SHOULDER pattern formation which atually tested the support 710 strong support and moved upward and continuing the downtrend. 3.On 15/3/2021 it can open gap up, test the 723 levels and should start the gap up filling procedure...
1.The stock was trading in a range from a very long time & whenever it as given a breakout it didn't survive. 2.We can clearly see Double top pattern on 1hr time frame. 3.Today on 12/3/2021 market open gapup consolidated for half of the day and then a breakdown following BANKNIFTY and had tested the support of 1014 which is very very strong which this stock has...
1.There is back to back 6 red candles and a breakdown. 2.After fall it retested trendline support and again a red candle on testing with resistance 354890. 3. On monday Market may open gap down breaking the major trendline support and will 1st test the 34970 levels and then move to gap filling procedure and may be RED whole day. 4.Also today it seems like the...