Dabur India made a major swing of 273 points since Covid-19, its been 4 years that this chart has not displayed any breakout/breakdown so far. Prices are struggling in 273 points range only creating a convergence and prices are very close to explode in my own view! Please, Share your views in this analysis too. Thanks
Everything in my mind is written on the snapshot. Have faith in the calculations. While understanding the market, understand mind simultaneously. It is the mind which drives human action always since creation. If this market is run by Humans, then mind analysis is much important than technical analysis. And, to understand the mind, only observation is the key....
At current situation, prices are being contracted from the both res & sup making the price action converging. Convergence always results in big moves either side in such a length according to the longest gap between the convergence. Observation: 1. Check the blue support line, it got hit by 5 candles out of total 7, expressing a suppressive pressure from the...
BNF retested everything it needed to move on. There are no additional changes in levels, key points, etc. What added is today's progress.
A parallel channel is visible for upcoming sessions. Trading the ranges is always beneficial.
Entry 46581 to 46683 (Try to find the opportunity closer to 46581, be smart) or Near/At yellow ascending trend line! Stoploss 46581 Target 46887, 46942 Note: 46790 to 46820 (Do Not Panic here)
Crash or Retracement as per natural cycle? A cool down in most of indexes is required and similar situations are getting cleared gradually, that is the reason the Bitcoin rallied 42k to 57k in the current month only. But this retracement is not going to happen easily.
entry near todays opening and target till next half of the parallel channel. DOWNSIDE
If this Rising Wedge Pattern works appropriately, then, its time catch the move significantly.
"W" neck, a horizontal line at 46892, got retested today. Just have a look on today's & yesterday's 3 min TF Chart and observe what happened around this line. If you join the LOWS OF 10:45 AM CANDLESTICKS on both the previous session, you will observe the upward diagonal nuisance. What it means? Once this neck got crossed upward by the price, the lows of retests...
Expiries - Full of FOMO. Key points: 1. Opening is Important. 2. Have faith in Reversal signs. ;)
Hotch Potch Scenario Today! War between two! Unwanted sacrifices today!
In daily timeframe, an important resistance trend line coming with full/final confirmation for further bullishness in the index. BNF will be approaching the line for the 3rd time, it also makes it crucial for decision. if tomorrow? = level is around 46600 (+/-) Key resistances: 1. Descending trend line on daily timeframe. (46600) 2. Horizontal Line at W's neck....
Tomorrow 19th Feb 2024 - Highlighted trading territory for buyers is that "Buy Zone". Understand the tug war between candles (ohlc) and the trend line with playful mind. Observe! Observe! Observe!
On the same track since 8th Feb 2024. Key Points: (1hr Chart Timeframe) 1. 3rd attempt to break ATH. 1st Attempt or Marked ATH - 16th Jan, 2024; 2nd Attempt - 2nd Feb 2024; 3rd attempt - ???? - 3rd attempt is always consider crucial for movement either way or consolidation. We have seen it previously parallel bar escape. 2. Time Expenditure - Good time expense...
KEY POINTS: 1. Levels & Everything as same as it is, Nifty 50 ended with strong pullback and halted below the sell zone. 2. An obvious parallel track pattern is visible in 1 hr chart timeframe and the index is near top of the track boundary. Highlighted Cause for next either way - Two Resistances (sell zone and top parallel line Tomorrow's Confirmation: 1....
As per the previous Nifty 50 expiry discussion, Nifty 50 crossed above 1st of the 2 resistances (Top Line Parallel Pattern & Sell Zone Area). Still the chances for REVERSAL is NOT over so far. Key Points for tomorrow: 1. Bullish = Open above the sell zone & continue moving upwards. 2. Bearish = Reversal can occur near the sell zone near 22000. My Personal...
Wise risk for this W pattern in Bank Nifty Index. Observe. Bullish Bank??