The chart represents the 4-hour price movement of Bharti Airtel Ltd. on the NSE. Here is an analysis and summary: Analysis: 1. Price Trend: The price has been making higher highs, indicating an upward trend. 2. Volume: The volume is relatively low despite the price making higher highs, suggesting potential weakness in the current uptrend. 3. Divergence Pattern:...
Wait for the candle close Above And Below Resistance And play Accordingly
Here's a chart showing Bharti's movement. As you can see, in both cases we had a reversal at the top with a wedge formation. the Second drop was a sharp move below the ichimoku cloud. Markets and charts are a reflection of traders' psychology. I'm expecting a similar pattern to evolve again as we continue to test resistance and fail before correcting atleast...
HAVE A LOOK THE CHART PLEASE