relative strength analysis DIS/SPX with 52wma disclaimer... not an investing/trading recommendation
disclaimer... not an investing /trading recommendation the action seems to be in phase b of reaccumulation, the thread will be updated as the trading range progresses reaccumulations in this scrip tend to follow a rising wedge pattern
disclaimer.... not n investing/trading recommendation
disclaimer... not an investing/trading recommendation
technically, it is coming out of a nice base, and presently testing the 52week moving average, which was previously a strong resistance, the 220 region which was also a resistance was taken out on record volumes and presently, another small reaccumulation is taking place at the 52 WMA… over all a very nice change in character with consistent higher lows, and of...
october is here and suven definitely needs a track… after the climactic stopping action last year in mid 300 levels, the price action has followed an extended fall , after which , key moving averages in the weekly chart has been tested, a selling climax at the 200weekly moving average, followed by a secondary test at the 100weekly moving avergae, leading to a...
disclaimer.., not an investing/trading recommendation
disclaimer... not an investing/trading recommendation
Action presently hovering around fib and ma supports the latest breakdown from the trading range confirmed by volumes, might be in every possibility phase e / markdown of presumed distribution in the trading range but the rapid upthrust on volumes from the present lows yesterday, showed demand still exists at this level, and it was a full 5 wave impulse although...
would be a scrip to watch out for signs of reversal at 200 week moving average and 50% retracement lots of brokers have changed stance from neutral/sell to buy/accumulate.. reference trendlyne.com disclaimer... not an investing/trading recommendation
if the action makes it back to the trading range then the marked levels will be tough resistance to break and might fubnction as last poitn of supply of phase d of distribtuion or if the action is weak enough it might not even make it though the present broken support and directly proceed to markdown disclaimer... not an investing/trading recommendation
disclaimer... not an investing/trading recommendation
disclaimer... not an investing.trading recommendation
disclaimer not an investing/ trading recommendation
basic structure accumulation, back up nicely done... disclaimer.. not an investing/trading recommendation
good base formation... might go even higher, resistance marked for self trading purpose disclaimer... not an investing/trading recommendation