NIFTY 5O IS SHOWING INDECISION BECAUSE THERE IS SPINNING TOP FORMATION IN {TODAYS CANDLE} AND THERE IS DIVERGENCE IN NIFTY TREND AND RSI. HEAVY WEIGHT RELIANCE IS ALSO SHOWING WEAKNESS BEFORE ITS QUARTERLY RESULT. ITS FOR EDUCATIONAL PURPOSE ONLY.
only for educational purpose marobozu indicate strong bullishness
DEEPAK NITRATE HAVE GIVEN BREAKOUT BUT THE RUN UP WILL RETRACE TO SOME EXTENT BEFORE GOING UP. SO ITS BETTER TO WAIT FOR TAKING POSITION. ... Its only for educational purpose and please consult your advisor before taking position.
Currently Nifty 50 is in uptrend forming higher high and lower low and in RSI its consolidating which shows divergence. Divergence is normally a situation which shows that trend reversal is near. Its only for educational purpose and please consult your advisor before taking position.
Guys every post here is only for educational purpose. Take your own decision. In comming days nifty is expected to move in this range an if it breksdown it can go to 10800 level.
inverted head and shoulder is a bullish reversal pattern
as we can see there was a up trend and now the stock is taking breather for next run so it would be a good opportunity to trade .... consult your advisor before taking position
SHORT ON BREAKOUT OF NECK LINE AND USE VOLUME FOR BREAKOUT CONFIRMATION. ... CONSULT YOUR ADVISOR BEFORE TAKING DECISION
AS YOU CAN SEE RELIANCE IS AT ITS MAJOR RESISTANCE AND ITS ALSO NEARLY 60% UP FROM ITS PREVIOUS LOW WHICH MEANS FIBONACCI RETRACEMENT POINT IS ALSO ACTIVE HERE SO THERE IS EXPECTED BREAKDOWN IN RELIANCE AND IT MIGHT BE A SMALL CORRECTION. ITS ONLY FOR EDUCATIONAL PURPOSE
ROUNDING TOP IS A BEARISH PATTERN AND IT USUALLY SHOW EXPECTED REVERSAL IN THE ONGOING TREND. TAKE POSITION ON BREAKOUT AND EXIT ON NEXT SUPPORT OR MAJOR SIGN OF WEAKNESS. BREAKOUT SHOULD BE SUPPORTED WITH VOLUME. CONSULT YOUR ANALYST BEFORE MAKING DECISION .
TAKE POSITION ON BREAKOUT SUPPORTED WITH VOLUME. ALTHOUGH IT IS A BEARISH PATTERN BUT SIDE OF BREAKOUT IS IMPORTANT FOR TAKING POSITION. STOP > HIGH OF LAST CANDLE FOR SHORT/LOW OF LAST CANDLE FOR LONG (IN WEDGE) MINIMUM TARGET - HEIGHT OF PATTERN
DESCENDING TREND LINE its weekly chart is showing downtrend from past 2 years so to go with the swing always try to short this below its trendline where it find resistance