I expect trend continuation which is sideways movement ( price ranging ).
The index NSE30 have been on a side ways movement. There are two possibilities accumulation or distribution.
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
NSE 30 AT CRITICAL POINT : ON MONTHLY DEMAND ZONE . The price is at equilibrium for four conscecutive month. the are signs of accumulation or distribution on weekly and daily time frame
On a weekly chart the stock is on a clear bear market with the big gap as the supply zone.
The stock is already on a downward trend. support line/demand zone broken at N40.00 The next support level is at N24.00 and N14.00. December candle formation is an inside day bar. The direction of the coming month price action will determine the stock direction. The stock is under close watch for the next entry point. You like to receive a...
Past 4 trading days of the Nigerian Stock Exchange have been visited with ferocious bulls also with decent volume. Looking at the chart of the top 30 companies of the exchange, one cannot but think the bottom is likely around the corner. What I intend to see to call a "bottom" for the market is for price to re-test the low and possibly to be rejected before making...
WEEKLY ANALYSIS OF NSE30 INDEX : WEEK ENDING 07062019 A vital support zone has been established on a monthly chart. The week ended with bear in control. Watch out for price crossing below 1257.6 that will strengthen bear position and also established supply zone. The last three weeks candle setup is also a bearish candle formation. ...
WEEKLY NSE 30 TECHNICAL ANALYSIS FOR WEEK ENDING 21062019. MARKET SENTIMENTS IS NEGATIVE ON ALL THE THREE TIME FRAMES. 1. Monthly Chart: You will notice that price has broken 1245.28, turning it into resistance. Volume has been low, indicating less selling pressure, which is a good sign. 2. Weekly Chart: There is a pulse in the market which indicate we have...
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
WEEKLY MTN ANALYSIS FOR THE FIRST 50 WEEKS : 1. WEEK ONE : Sell pressure the stock fail the maintain the weekly high.
The inside day bar momentum is negative. Price is likely to test 1100 which is the nearest support.
The market is in the bear market . NSENG:NSE30 Price is below the EMA 20 . Price level to watch is 1100.