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2. Weekly timeframe:
- Three black crows pattern being formed which is bearish in nature: last 3 consecutive weekly price action is bearish.
- But testing Weekly 10 EMA as well which has acted as a good bounce level in the past.
Let me know your thoughts :)
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#Nifty50
#NIFTY : A multi timeframe analysis with key levels marked on both downside & upside.
1. Daily timeframe:
- At 61.8 fib retracement level
- At 50 EMA on daily
- At a key AVWAP support
So there are chances of reversal at this zone
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#WELCORP on radar:
1. Good base formation after a steep 25-30% up move.
2. Hovering around golden fib ratio of 61.8 & also at trendline resistance!
3. Huge volume (~19.18M) was observed during the initial breakout rally, confirming institutional participation.
#nifty#stocks
@AnkurPatel59 Dr Sahab indicators everywhere on my screen now. Wish somehow the Simple Volume & Tomcap could be combined into one. Would be a boon for non premium Trading View users like me due to the 2 indicators restriction @finallynitin
#IREDA looking bullish on charts.
- Very good contraction pattern.
- Bullish if it sustains at current price & very bullish above 181.5 i.e. Golden fib ratio
- key levels marked on chart!
#NIFTY#StocksToWatch
#NIFTY Analysis
-> At a key supply zone, fresh bullishness expected only above the marked zone of 25200-25250.
-> Consolidation at this zone would lead to a better bullish move in near future.
-> Chances of fall exists too, similar to previous reactions at this zone.