anmolteja

anmolteja

Since entire world is busy predicting doomsday, here's my shot at it. The index is down almost a 1000 points from ATH. If this bear market is anything like we have seen in the past 150 years then there is one question that would come to your mind, where is the (potential) bottom? The answer to that question is, nobody knows, but we can make a calculated guess by...

anmolteja

Everything explained on chart.

anmolteja

3 year long bear market will come to an end for MO if it breaks past 46 with good volumes. Long term trend is still bullish.If March 2020 lows are not tested before breaking 46 then my long conviction will be higher.

anmolteja Updated 

SBI looks to have formed a bottom and heading for upside targets. If it makes a lower high i.e fails to break previous highs around 230 and then breaks past 193 on the downside then consider the trend to be reversed.

anmolteja Updated 

Price moving higher on relatively low volumes where as on -ve days volumes are significantly higher which suggests distribution is going on at higher levels. Looks like smart money is taking exit at higher levels and retail is hoarding. Price action is clearly bullish but I would be cautious here. Looks like recipe for disaster.

anmolteja

Analysis on chart. Supports moving higher. Bullish above 100.

anmolteja

Nifty has managed to close above its 100 week EMA. Previously the zone near this EMA has acted as a major trend reversal zone and has also had many fake-outs near 100 WEMA (which you can see on charts) before reversing the trend which is a possibility here. It can test upper levels of 11000+ to potentially trap bulls before reversing. A weekly close below 10728 on...