since price couldnt break the last swing of 4th july...for next 2 days...it suggest upside moves..which can be seen in gap up opening..
everything u need to analyse BNF is
VWAP
Open, High, Low .Close of the last 5 to 6 days..or OHLC of the days in which price was in the same zone as today...
First and last swings of the day.
Sharp shooter and predetermined levels...
although it can be considered as good analysis..but still have to figure out how to trade with good accuracy
rule of 50
i have often seen that ..price can be broken down into small level...consider this ...
1)the price difference between two RED LINES is around 176.
2) between this price difference of 176...u see an GREEN LINE ..
which exactly between the two RED...
i belive every stock had an habit in which it move. this habit can be defined by angles of trendline, support/resistance, time taken to achieve an price level, and many more bais parameters. the relationship between price and time keeps on changing (mostly it changes near an key support or key resistance)...study the past and predict the futures.
after formation of an "V"....small channel ..then small channel broke itself...seems as if there is an formation of a bigger channel..which can take drreddy to an tgt - 2051...1963 has acted as an good support and resistance many times...however if 1963 breaks ..my view turns bearish with an tgt of 1894.
after formation of an "V"....small channel ..then small channel broke itself...seems as if there is an formation of a bigger channel..which can take drreddy to an tgt - 2051...1963 has acted as an good support and resistance many times...however if 1963 breaks ..my view turns bearish with an tgt of 1894.
