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 :...
The inside day bar momentum is negative. Price is likely to test 1100 which is the nearest support.
The market is in the bear market . NSENG:NSE30 Price is below the EMA 20 . Price level to watch is 1100.
NSENG:CADBURY Earlier price made a lower low but the RSI(14) made a higher low, showing a bullish divergence. Price rallied up briefly but couldn't break past 18.40. Now it is bounced off the 52W Low. I expect price retest the most recent low of 7.04 or get close to it. When that happens, that would present a good long opportunity. We might see some side-upward...
Fcmb is in a falling wedge, and in a perfect opportunity for buyers to buy between N1.50 and N1.53 has acted as a perfect support, reaching the apex of the wedge we will see a break upwards, as there are many closer supports and price is already at the apex of the wedge and ready to go upwards
Cadbury Seems to be in a state of supply exhaustion, the support at N7 should hold meaning that the stock is being accumulated at that price, still watching it closely, I will rather wait to buy within N7-N7.5