MONTHLY ANALYSIS OF NSE30
Updated
01-06-2019 :
May Trading Update :
There is a pulse in the downward direction. I am expecting ether continuation in the downward direction or reversal of trend next month.
I favour the continuation of the trend because there is no selling climax on the monthly chart yet.
1100 is a significant level to watch on the monthly chart.
NSENG:NSE30
May Trading Update :
There is a pulse in the downward direction. I am expecting ether continuation in the downward direction or reversal of trend next month.
I favour the continuation of the trend because there is no selling climax on the monthly chart yet.
1100 is a significant level to watch on the monthly chart.
NSENG:NSE30
Trade active
NSE30 INDEX JUNE REPORT
There is a pulse in the downward direction. I am expecting either continuation in the downward direction or reversal of the trend in the few months.
Trade volume in April is signalling selling climax due to extend range candle form though not a perfect formation but cannot be ignored.
IMPORTANT LEVEL TO WATCH.
1. 1100 is a significant level to watch on the monthly chart,
that is the price point I am expecting the index for price reversal.
2. If price cross below 1242 it will signal the continuation
trend.
CONCLUSION :
The main market index is in the downward trend you should not expect any of the index to make significant move neither do any individual stock.
I can not buy any stock for capital gains at the moment.
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