NSE 30 AT CRITICAL POINT : ON MONTHLY DEMAND ZONE .
The price is at equilibrium for four conscecutive month. the are signs of accumulation or distribution on weekly and daily time frame
For GBPAUD, I believe that upon market opening, we should see a little pullback towards 1.90594 (especially if it dips down that zone marked in green), and then goes up towards the zone I have marked in purple before price begins to fall.
However, if it breaks that my zone in purple, it would probably go up some more.
I think generally though, it should be...
WEEKLY ANALYSIS OF NSE30 INDEX : WEEK ENDING 07062019
A vital support zone has been established on a monthly chart. The week ended with bear in control.
Watch out for price crossing below 1257.6 that will strengthen bear position and also established supply zone.
The last three weeks candle setup is also a bearish candle formation.
...
01-06-2019 :
May Trading Update :
There is a pulse in the downward direction. I am expecting ether continuation in the downward direction or reversal of trend next month.
I favour the continuation of the trend because there is no selling climax on the monthly chart yet.
1100 is a significant level to watch on the monthly chart.
NSENG:NSE30
DATE :14:05:2019.
April candle closing with extended range candle with high volume indicate following :
1. Sign of end to the downward trend
2. Big volume also support selling climax
2. Institutional buyer may start coming to the market
ACTION PLAN :
1. Time to start paying attention to smaller time frame weekly and daily.
2. Stock to watch within the index :...
