barefootTrades

barefootTrades

24.06.2021 price at support (not a major one though). look for price to reverse in the blue box (highly likely), but if it does not then 62.05 would act as good support area and potential entry point.

barefootTrades

buy @ 160 (subject to nifty's move) sell @ 173 - 179

barefootTrades

watch for price to react near green zone if 77.60 is broken. if price doesn't holds here, then 62.05 on the cards.

barefootTrades

as suggested, the price fell (bearish divergence playing out) ladder entries at the 0.382, 0.5 and 0.618 levels should not go below 0.618 level. not much to say, let's evaluate this next week.

barefootTrades

as expected, price moved up and showed reaction near the red line (resistance). price should close above the red line for upward move to continue, otherwise expect the green senario to play out. my bias is still the black senario (seems more likely as per elliott wave theory)

barefootTrades

price moved above the resistance and the retest also held nicely. expecting further upside...

barefootTrades

retest seems to be completed nicely on the daily. price might consolidate above red line for some time before upward move to continue. target is around 16800 (might take a while to reach there, but it should reach there). A breach of orange and/ or red line support would suggest weakness.

barefootTrades

as suggested, the price reacted good from the demand zone. currently at resistance, but overall should move up if price closes above 148.80 this week (highly likely). daily close above 148.80 would be good sign too. hidden bullish divergence seems to be playing out well. if some how price falls, look for reaction in the red zone.

barefootTrades

run up seems to be done for now. expect price to retrace between the 0.382 - 0.5 level. However, there could be small move up left, but not at all a good place to buy at current price imo.

barefootTrades

needs to reclaim 806.75 to be bullish. finding resistance at 200 weekly ema break of channel with volume would be a good sign. showing hidden bullish divergence on the weekly. currently in the weekly demand zone (good zone to buy) but it can fall to green zone at least before new ATH's.