Indianmarket
is nifty 50 losing strength ?nifty is showing ascending triangle on 30 mini chart with gap up opening from last 3 session.
but now its 3 rd gap showing intensity to open with gap is reduced,
it might be possible next session will open with small gap and then will give downside breakout.
i hope its is meaning full
please like and follow.
BSE:SENSEX is at ATH but got rejected by a year old trendlineBSE:SENSEX has recorded a All Time High today(26-Nov-19) but it was rejected by a trendline that extends from August 2018 till today. If this trendline is broken on a daily closing basis then I am expecting SENSEX to continue to the upside.
EID PARRY - Good BUY at 175 to 180-185EID PARRY - Good BUY at 175 to 180-185 levels for a immediate target of 220
But its a good investment stock looking at the monthly levels where the market structure is UP for the last 15 years.
Reason for accumulation at 175 to 180-185 levels is due to over extension in price on a daily timeframe which potentialy could see a small correction before taking its impulsive UP move
Price exhaustion seen at 1.686 Fib level which indicates a small correction as of now and price 200 seems to be a important psychological barrier to break after which the price might go up