Over corrected stock in the Covid-19 initial selloff.
Double Bottom vs Covid-19 Transport Loose Demand
A highly, unlikely to be profitable trade, Good Technicals, Doule Bottom, RSI Divergence. Bad Fundamental, Low energy sector.
Weekly Char showing Double Bottom (Line Chart) and RSI Divergence, Both. A demand of good house and and good living may increase during self isolation or home quarantine. This may increase the House Loans among people. People may prefer Govt Company rather than Private Company
Double Bottom Pattern in ITC was seen to formed in Weekly Charts, also a teeny tiny divergence is visible in RSI.
Double Bottom, a tiny one has formed, also there is a teeny tiny divergence in RSI. Also, the ratio of Price of IDFC First Bank to Nifty has double Bottom. Seeing a possible rebound amid Covid-19. But it is unlikely because banking sector has been hit hard. While the quarterly report can be a booster shot for the IDFC First Bank.
Head & Shoulder pattern formation. This took 3 Years for formation. Also, the ratio of share to index is decreasing continuously.
Head & Shoulder Pattern in Eicher Motors. Pattern Formation took 4 Years.
Nifty started its downtrend from last week of February when the Covid-19 was non its peak in China, and started to increase in India. It fell from 12000 levels to 7500, nearly 37.5% fall. The past week, 23rd to 27th March, according to many, Nifty Bottomed down to 7500 (Dec 2016 Support) and moved up to 8600 levels giving 1st weekly positive close. The complete...
Health comes first. Don't chase economy, chase health, economy will follow automatically.
Support and resistance in graph given by half yearly lows and high.
Long Ashok Leyland Buy @ 85.3 (or at CMP 85.4) Target @ 86.6 SL @ 84.25
Symmetric Triangle Pattern in Daily Timeframe inside the Ascending Triangle Pattern in Weekly Timeframe. MACD in Weekly Sideways. Gold Power Near zero in Daily. Lets see how does it plays out. I will be Bear (Not Want To be).
Symmetrical triangle pattern in Daliy Candlestick inside a symmetrical triangle pattern in Weekly Candlestick. Weekly MACD fatten. Dali Gold Power near to Zero. Lets see how does it plays out. I will be Bear (Not Want To be).
Bullish Harmonic Pattern in Silver at 1H Time-frame.