Very Tricky Be CarefuulTrend
Overall the trend is still positive but now its been consolidating at the top for so many days I hope its not a distribution phase of this trend. We are seeing some weakness from the bulls but still there is no confirmation yet.
Chart Patterns
Well we can see a consolidation happening within a tight range and at the same time we can see price is testing higher resistance levels that is also indicating a triangle chart patter. My worry is if it breaks to the down side it will make a very big impact, panic selling will create more selling pressure and price can go lower from here. Incase if it breaks up then we are all smiling obviously.
For now its looking weaker on daily and weekly chart I think it will break to the downside and create a mess...huh!
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Qudra
Good HoldingLast week was for qholding, big announcements made this stock fly high into the skies obviously for now its correcting itself. Good news is that it have shown us some signal that correction have stopped fresh buyers are jumping it. If it breaks 2.93 get ready for another ride to the upsdie. And by any chance if it breaks down 2.75 it can go south for deeper correction. Overall qhodling looks promising.
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Corretion TimeWonderful performance today by qholding surely i didnt capture this, since i have missed it i am keeping this one in my Stalking Mode. Waiting for a dip to buy. Over all its very bullish!!
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Good Big Moveqholding was the start performer today, It should continue its rally coming week. We have a resistance at 2.50 area either it will take a pause or break past the resistance with big volumes. However if there are any retests before breaking 2.50 it should be considered as buying opportuntity.
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