strong buy @ max resistance area is level of highest resistance a script is likely to face from previous days of price action, though not computed those ways but in most cases, it represents the zone of call writers, historic resistance (in time frame u are trading) could bring reversal once we have price rejection from the area. it’s a area of high activity thus...
The stock is coming out of consolidation and is expected to make a top around 2150-2300 levels as per the expectation and may correct too after completing the technical pattern. It is making an entry into paint business which can give some boost as things are speeding up. However a strict sl is recommended as per the market conditions
Following Global Cues Nifty & BankNifty Failed to cross Crucial levels and saw selling pressure , however have managed to hold neartime support for now. As of now DOW is trading Higher and if no major negatives news come we may se a bounce back in our markets and try to retest our upper zones , once we are able to sustain our upper zones we can se more...
Trend following technique explained