debjit62

debjit62

1. Price Action and Trend Lines: The stock price is in a downtrend, with a visible downward-sloping trendline that could act as resistance in the future. There’s a horizontal support level near 1285, around where the price currently is. This could serve as a potential level for a bounce if buyers step in at this level. The blue arrows on the chart seem to indicate...

debjit62

The 4-hour chart shows a Bullish Belt Hold candle, which is a sign of a bullish reversal. Wait for the Monday Blues. Light is visible at the end of the downward tunnel. Diwali might not be so bleak after all. Patience is the Key!

debjit62

The falling wedge is a clear indication of the market getting ready for a bullish reversal. The doji is indicating indecison. All you have to do is wait. If you have booked your losses don't worry, wait for the breakaway from the Resistance.

debjit62

The overbought position shows Nifty is getting ready for some correction. The monthly chart RSI is alarming. Are we looking for a 24600 support, before Nifty jumps again? Just keep your calm, don't get greedy, and watch out for the drop. Trade responsibly.

debjit62

The trendline is diverging, which shows the volatility prevailing. Wait for the breakout at the support. This is a reversal pattern and keep your fingers crossed.

debjit62

The drop was evident and the support should hold. Check my previous idea and you will know. Those into Futures should hold onto whatever you have, if you are into long

debjit62 Updated 

The Resistance is evident and so is the divergent trend line. Check the support time coinciding with the election results. Short-sell Nifty Futures on the horizon.

debjit62

The Convergence is visible. Watch the higher highs in the Price movement and higher lows in the RSI. The Resistance is there to be broken, a Long buy is evident. Breaching the support is a dream unless we have some scam waiting to happen.