Updated 2nd Chart for ASI...
1.From my Chart first
Index has broken up downward resistance line - indication for starting uptrend
2. From 2nd chart
It has established new higher high by breaking recent high @ 9024- indication for continuation of already started uptrend
🚀🚀
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If you don’t see anything during that window, don’t trade.
Don't squint your eyes and try to find reasons to trade.
Take the day off. Do something meaningful with your life.
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1. Need to come out from the Falling wedge pattern / break 8900 and stay above ( 9000 will be psychological barrier )
2. Need to break brown colour downward trend line and stay above ( 9500-9600)
Index has got good support @ range between 8500-8700 so far
Index has been tested the lower band of upward trend channel in which Falling wedge pattern in progress ( good bullish reversal pattern)
Important barriers to be broken to confirm the upward trend
As Index couldn't fulfil the requirements to resume the upward journey ( as indicated in chart)
Now We have to look for support levels drawn in the chart
8500-8700 will be crucial 👍
As Index couldn't fulfil the requirements to resume the upward journey ( as indicated in chart)
Now We have to look for support levels drawn in the chart
8500-8700 will be crucial 👍
It was acceptable to have Red candle after gaining more than 600 points in consecutive two days as profit taking
According to RSI chart, ASI started to bounce back from same RSI level where we got similar bounce back from 6800-6900 level
DYOA before buying or selling 🙏🙏
It was acceptable to have Red candle after gaining more than 600 points in consecutive two days as profit taking
According to RSI chart, ASI started to bounce back from same RSI level where we got similar bounce back from 6800-6900 level
DYOA before buying or selling 🙏🙏
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Key ASI levels to be monitored
#Support - 9120-9200
If Mkt couldn't stay above this level - next may be 87500-8800
#resistance - 9750-9800 ( if mkt could break above this level and stay
Next Resistance 10800-11000👍