WEEKLY ANALYSIS OF NSE30 INDEX : WEEK ENDING 07062019 A vital support zone has been established on a monthly chart. The week ended with bear in control. Watch out for price crossing below 1257.6 that will strengthen bear position and also established supply zone. The last three weeks candle setup is also a bearish candle formation. ...
WEEKLY NSE 30 TECHNICAL ANALYSIS FOR WEEK ENDING 21062019. MARKET SENTIMENTS IS NEGATIVE ON ALL THE THREE TIME FRAMES. 1. Monthly Chart: You will notice that price has broken 1245.28, turning it into resistance. Volume has been low, indicating less selling pressure, which is a good sign. 2. Weekly Chart: There is a pulse in the market which indicate we have...
The stock is showing decisive move downward next support 480.
There are signs of distribution by the institutional trader at the top.
01-06-2019 : May Trading Update : There is a pulse in the downward direction. I am expecting ether continuation in the downward direction or reversal of trend next month. I favour the continuation of the trend because there is no selling climax on the monthly chart yet. 1100 is a significant level to watch on the monthly chart. NSENG:NSE30
WEEKLY MTN ANALYSIS FOR THE FIRST 50 WEEKS : 1. WEEK ONE : Sell pressure the stock fail the maintain the weekly high.
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DATE :14:05:2019. April candle closing with extended range candle with high volume indicate following : 1. Sign of end to the downward trend 2. Big volume also support selling climax 2. Institutional buyer may start coming to the market ACTION PLAN : 1. Time to start paying attention to smaller time frame weekly and daily. 2. Stock to watch within the index :...
The inside day bar momentum is negative. Price is likely to test 1100 which is the nearest support.
The market is in the bear market . NSENG:NSE30 Price is below the EMA 20 . Price level to watch is 1100.
NSENG:CADBURY Earlier price made a lower low but the RSI(14) made a higher low, showing a bullish divergence. Price rallied up briefly but couldn't break past 18.40. Now it is bounced off the 52W Low. I expect price retest the most recent low of 7.04 or get close to it. When that happens, that would present a good long opportunity. We might see some side-upward...
Fcmb is in a falling wedge, and in a perfect opportunity for buyers to buy between N1.50 and N1.53 has acted as a perfect support, reaching the apex of the wedge we will see a break upwards, as there are many closer supports and price is already at the apex of the wedge and ready to go upwards
Cadbury Seems to be in a state of supply exhaustion, the support at N7 should hold meaning that the stock is being accumulated at that price, still watching it closely, I will rather wait to buy within N7-N7.5