NIFTY TOWARDS ALL TIME HIGH??a significant correction has took place in market.
for a good movement high correction will be in 5x speed. but is it done ??
as we could see clearly in 1d chart retracement level of 78.6 has been obeyed, also strong support has been offered by the trend line.
for wealth accumulation buy stocks since they are cheaper now.
we can see a all time high soon cause market took support and now its time fly high.
what if support breaks ??
do not worry lads it has an amazing range below the current support, if market breaks current support this will be the best opportunity of 2022
just keep buying stocks
aggressive buyers can keep buying with proper money management rule...!
Tradingviewindia
INDIANBANK - Supply Breakout + UptrendStock is in uptrend and breaking the supply for second time, the stock breakedout ascending triangle previously, which gave huge upsurge to price, in the last session of the market price successfully closed above the supply zone, we've marked a minor resistance as breakout level.
Great Opportunity in Sun TV - Breakout CandidateThe stock may given a multiple breakout in next coming week after good consolidation. The risk and reward is very favourable with ratio 1:3.
Points considered in analysis: The chart analysed on weekly time frame and for positional trade only.
- Ascending Triangle Pattern
- Volume accumulation in past few week
- 2 year resistance breakout
- Morning Star Candle
- Fib support at .618
Entry, stop loss and target mentioned in chart itself.
Disclaimer : Consult financial advisor before investing or trading.