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Tag Archives: Downtrend

Upswing from the structural low is challenging the downtrend

ICICI Bank Price Action – Upswing is challenging the Downtrend.

By Trading Predator April 13th, 2018 No Comments

It’s been a while since I updated about ICICI Bank share prices. Here’s the recent outlook, the structure we’re going focus is the Downtrend in 4h Chart. Since from Jan, stock prices fell from the peak of 360.00 and tumbled till it made structural low at 260.00 in the month of April. By comparison of

Price action forms a trading range within the downtrend in Hindalco share prices

Hindalco Price Action – Minor Range within the trend

By Trading Predator April 9th, 2018 No Comments

Hindalco Share prices are consistently making lower lows since Jan 2018. Market prices tumbled from the high 280 and share prices are trading somewhere close to 220. Downtrend is spanning from 3 months, hence as per Dow Theory it’s an intermediate trend. The market structure is clearly traceable on 4 h chart, within the period

SBI Price action and Momentum is divergining

State Bank Price Action – A Shift in Market Momentum

By Trading Predator March 23rd, 2018 No Comments

From last couple of Weeks, Most of the stocks are exhibiting a tendency for either trend continuation or Trend reversal. My previous two articles were also based on Trend analysis. This time it’s about the downtrend in 4h chart of India’s largest public sector lender – SBI or State Bank of India. SBI Price Action

Lupin Share prices - Price action indicates a change in market structure.

Lupin – Price action structure changes, Downtrend termination ?

By Trading Predator November 2nd, 2017 No Comments

Just like other Pharma sector companies, Overall structure is a downtrend or what we can refer from Price action perspective as classical Mark down phase. (Lupin Share prices tumbled from 1500 to 918.) The second largest drug making company in India reported net profit of 662.9 crores in recent Q2 report – recorded strongest growth

Power Grid Share Prices reflects Trend termination on 5h chart. Based on Price action analysis

Power Grid Price action reflects Selling climax and Trend termination

By Trading Predator October 20th, 2017 No Comments

Power Grid Corporation of India Limited (NSE: PGRD) is a good bet for contrarian traders. Share prices tumbled from 225 – 199 in a span of last 3 months, which technically is an intermediate trend (Weeks to Months) as per Dow Theory. Fundamentally not much has changed with Power grid, the sell off is primarily