Key highlights:
1. Bounced off weekly demand
2. Closed just above 50MA on weekly
3. Bounced off weekly support level
4. Formed a high volume Hammer on weekly
5. Formed a bullish engulfing on daily
6. Trying to reclaim 200MA cluster
7. RSI oversold on daily and is curving back upwards.
Conclusion: Expecting a relief rally in the coming week.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
1. Bounced off weekly demand
2. Closed just above 50MA on weekly
3. Bounced off weekly support level
4. Formed a high volume Hammer on weekly
5. Formed a bullish engulfing on daily
6. Trying to reclaim 200MA cluster
7. RSI oversold on daily and is curving back upwards.
Conclusion: Expecting a relief rally in the coming week.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Rounding Top pattern: tradingwick.in/chart-patterns/rounding-top
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Rounding Top pattern: tradingwick.in/chart-patterns/rounding-top
