recently some short selling has happened in E/U. Price has failed to push through the 50% fibo level of last retracement. This has triggered a strong downmove. Now the nearest support it has to maintain anyhow inorder to riseup again forming other bullish channel. But if it fails then it will take a support on this Red bold trend line and will be trapped in a...
As we can clearly see how it has been lashed down in the last trading session from the resistance forming a piercing pattern on 1 day chart and Bearish Engulfing on 60mins & 240mins chart. The current resistance is showing strength and pushing price down to retest the monthly blue coloured trend line which it has crossed in march. After that only we can expect...
Well Nifty has approached a monthly trend-line resistance. Maybe it will consolidate here for sometimes and then it will start tumbling down. There has been a negative divergence too on daily as well as monthly chart for 3 consecutive peaks respectively. so just observe yourselves and take your trades very cautiously on long side as volume is also declining.
