Tech mahindra has broken 50 EMA support in monthly time frame, It could reach towards 100 EMA support in monthly time frame.
Adani port is looking bearish on chart. Weekly and daily price is below 50 EMA. Anad also below 20 SMA. Price is also moving in channel. All EMAs neagtive. Weekly MACD down and negative crossover Daily stochastic negative crossover from overbought zone. RSI is in downward momentum. ADX is strong
There is possibility of 3rd wave. Price took resistance and went down and taking support of 50 EMA and again price is at resistance level. Possibility of Breakout.
Nifty is showing bearishness in weekly time frame. Nifty made lower high and lower low on weekly closing basis. Nifty have closed below 50 week exponential moving avarage first time after covid crash. History is showing that when price close below weekly 50 EMA, there is high probability that price will touch weekly 100 EMA and worst case scenario weekly 200...
This is not recommendation. Double top formation but not confirmed yet.
breakout with hugh volume and new impulse started weekly-macd positive crossover weekly- RSI above 60 daily- RSI above 60 adx is strong
breakout with high volume and new impulse could be started ( 3rd wave ) and EMAS positive weekly- macd uptick above zero line weekly- RSI is above 60 daily- RSI is above 60 daily- ADX is looking strong
weekly macd uptick daily rsi above 60 daily adx is strong daily bollinger band challenge with price is above 50 ema
Weekly- MACD down Daily- MACD down RSI is below 40 ADX is strong Bollinger band challenged on downside.