i was waiting when the market will open and my waves will get confirmed, today by a gap down opening, and not breaking out the trend line, i was final with my 5 wave correction. nifty will correct till 16550 level. this week will go in a correction.
HAVE A GREAT LOOK ON THE RSI TOO.
Nifty as a days being verry volatile diffcult to tame. The traders who are playing expiry definately will face some difficulties moreover due to IV you will observe that option premiums are not decaying as they supposed to do. Today expecting Nifty to get opened arround 100 points below yesterday 17877 levels. In short GAPDOWN.
As India is one of the fastest growing economies this stocks potential is very high, in the last 30 years India's economic growth has only declined in 1 of those years (COVID year) in the last 10, growth has almost doubled. With a rising economy and very strong fundamentals this seems a wise investment to hold long-term. I am looking to enter a position at the gap...
a gap down in the nasdaq makes the most sense to me at this point, and i would guess that if we buy that up and defend the $23- high $22s we sould revisit TRAMA and get VWMA to change directions targeting high $23s - low $24s which is also around the .618 of the daily bounce retracement
Netflix Gap Down X 2!
2 gap downs were identified with the most recent gap down (81.69) on April 20, 2022. The other gap down (95.78) occurred on January 20, 2022. Both gap downs occurred AFTER earnings.
Position-Neutral. On one hand I am bullish on NFLX because it is oversold and volume is relatively low on the daily chart. As aforementioned, NFLX has two gaps...
Apple gapped below the 200 day moving average today, and we even saw some baerish follow up during the day. Apple below the 200 day moving average is very significant, happens rarely and if it happens, usually we see a bigger correction then.
We are in a pretty solid channel atm, with decent reactions at the supply and demand side. Should we break that channel...
- PR High: 13778.50
- PR Low: 13563.50
Evening Stats (As of 12:05 AM)
- Gap: = -0.2%
- Session Open ATR: 452.86
- Volume: 60k
- Open Int: 243k
- Trend Grade: Neutral
- From ATH: -19.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 13500
- Short: 12390
Keep in mind this is not speculation or a prediction....
This is the third time the stock is trying to break down the major support and to close the gap down
Looking at MAs and indicators, the stock is weak enough to consider to go short
Target is at 7.00 area
Gold Oct short
Gold is facing strong resistance at 200 day EMA around 47600
Gap down opening
Sell at CMP- 47350
Target- 47150, 47030
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
First the factors against us
-Weak price strength based on 9 day SMA
-WEAK price direction based on 180 day SMA
-DOWNward tend line
So other than another shaky day in the overall market I think FCEL is consolidating to fill an old gap between 6.15 and 5.80. The lowest we've seen in the today (8/16/21) @ 5.94 then regaining some strength and holding support at...