Back to the Channel
Bank's move baffle any one who thinks their helath has improved over the decade, much more capitalised, private banks coming back to the fore, HDFC Bank holding around known range.
But the Index fall from 52700 to near 50550 is a hard truth to digest. This is one of the spaces where the price action retraced back to the pre-exit polls.
Is it cursor to the broader market or not have to be seen.
The channel action shows that the excess is removed we are near the mid of the channel.
The regression lines though the R^2 is not above 95 shows the two standard devisions are excess now we are back to the middle.
That is clearly 50300-51300 kind of range that we played not far back comes into play.
The triangle breaks out base is the area that bulls need to capture to assert themselves that is far away around 51700.
Two days of gap down, close near the lows are not encouraging to see
Suffice 50300-51300 range.
But the Index fall from 52700 to near 50550 is a hard truth to digest. This is one of the spaces where the price action retraced back to the pre-exit polls.
Is it cursor to the broader market or not have to be seen.
The channel action shows that the excess is removed we are near the mid of the channel.
The regression lines though the R^2 is not above 95 shows the two standard devisions are excess now we are back to the middle.
That is clearly 50300-51300 kind of range that we played not far back comes into play.
The triangle breaks out base is the area that bulls need to capture to assert themselves that is far away around 51700.
Two days of gap down, close near the lows are not encouraging to see
Suffice 50300-51300 range.
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.