Earlier in Downtrend when Bull took control from Bears they bounced more than 50%.
Now in the same rally the stock has retraced and showed a confusion by hammering on the 50% levels which we know is strong support area.
A long legged Doji, and Hammer is seen, as the Japanese says these candlesticks are testing the waters on those levels.
If the bulls have taken control a confirmation is required by giving a close above body/high.
Now in the same rally the stock has retraced and showed a confusion by hammering on the 50% levels which we know is strong support area.
A long legged Doji, and Hammer is seen, as the Japanese says these candlesticks are testing the waters on those levels.
If the bulls have taken control a confirmation is required by giving a close above body/high.
Nota
Bears are still in control.CMP 175
61.8% retracement is at 170 and 50% is already broken.
Still No Confirmation to take a Entry.
Nota
Bought at 182.9
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.
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.