suyashvinayakiya

suyashvinayakiya

CMP - 3922.23 Blue one marked is Price Action. Black one marked is Price History. . Anyone above can happen - but both concludes at Sideways (3600-4000 range) if the market has bottomed. My opinion says that it has bottomed out near 3563 range. This (sideways) might likely continue till January, 2023 . I would like to go with Price History.

suyashvinayakiya Updated 

Before identifying the inverted head and shoulders, we should see the trendline starting in October 2021 near ₹260 till the recent one near ₹420. It reversed from there after touching. . Now if we combing the Inverted Head and Shoulder structure , we can see that after it broke the neckline (blue horizontal line). After breaking it touched the resistance and...

suyashvinayakiya Updated 

See how beautifully the price action is working on the NIFTY chart | Fully Explained Recently horizontal trendline(one at the top) has reacted to its resistance, made a double top like structure and gave a gap down which will act like resistance in future. . After the gapdown it has reacted to the support which is in parallel trendline (2nd slant one) when the...

suyashvinayakiya

Nifty Update: Nifty is following the price action which I have marked, as is. (You can check the attached Link to Related Ideas to access the same) . Touched 16750 and then reversed after touching the trendline (2nd Slant one) marked. Went up to 17400, touched the resistance, which is again marked - Horizontal Line and then reversed. and I am hoping that it'll...

suyashvinayakiya

While looking at a weekly timeframe we can see that this stock had a great bounce from its previous support which marked in dotted lines and volumes are also massive around it - showing its strength. Turnaround is seen in the chart on weekly and the Price to Sales ratio looks attractive to me. Weekly TF - https://www. Also, the dotted line marked can also be said...