wotdafaq

wotdafaq

Continuation of downward channel.

wotdafaq

Wait for confirmation before entering a trade.

wotdafaq

Descending triangle.

wotdafaq

The nifty 50 index seems to be playing in a range with a strong support at around 11500.

wotdafaq

BANKNIFTY is on strong support in a downward channel. Expect BN to trade sideways to positive tomorrow (24th April).

wotdafaq

Tata motors closed above it's 200 DMA this past week for the first time since January 2018. The move was also saccompanied by good volumes indicating that it is likely to sustain above the 200 DMA.

wotdafaq

Jet Airways closed the week on strong support. In fact the only support below the current level is it's ALL TIME LOW!

wotdafaq

Long positions can be initiated. However it is recommended that you wait for a retrace to the support and a rejection from the support(~2085). That should be taken as a confirmation.