Bouncing off long term trend line after making a W
have been waiting for this moment... all loaded up and ready to fire
Managed to close above the low of outside bar. in weekly..will we head towards the high... time will tell..
Daily and W RSI above 60 gives confidence
keep this in mind... inverted HNS head formation.... if this has to complete right shoulder is yet to be done and if taken out ..i dont even want to say the number :-).. the line coincides with 2 SD of 233 MA
set up for Inverted HNS and 100 + rally
tweezer bottom in weekly..bouncing off cloud..respecting weekly channel..good volumes in D..bouncing off 233 MA in Daily...everything points to a up move
dont like the ferocity of the fall though.. reversed from 3 SD of 100 MA..taking support at 1 SD..
imp to cross the middle line for further up move
never broken Monthly kijun in the last 10 years... time shall tell
have been waiting for this move... volume accumulation.. bounce off narrow CPR at 600..hope 740 gets cleared..DMI + above 25 should help.. time will tell
reversing from last support...respecting weekly Kijun...DMI + kissing DMI -...probably to take off again
Will it follow this trajectory...compression in 4 H
Channel Support, looks like about to get out of cloud, above Weekly Tenkan,
NIfty at critical junction...10600 is .618 retracement of the waterfall... it also coincides with monthly channel.. for nifty to be bullish staying in the yellow channel is imp... in W it is above 233 MA which gives confidence