Price action Technical analysis

Crude Oil Price action trading near Resistance zone, Obstacle for Bulls

Crude Oil Price action – Peak Resistance zone is an Obstacle for Bulls

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After constantly trending upside for nearly a Year, Crude Oil prices are witnessing volatility and sideways Price action. Trend has terminated into sideways or Range bound. We can clearly see a range bound market structure on Daily chart spanning since Feb 2018. Trend trading strategies which were performing better in the trend structure is no […]

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

Hindalco Price Action – Minor Range within the trend

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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

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Nifty Price action shows a stalemate between bulls and bears

Nifty Price action – Stalemate between Bulls and Bears

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Nifty Price action is becoming more random and hard to predict in recent days, primarily it has to do with Geopolitical jittery and Investor sentiment. It’s a bit hard to understand the current structure and scenario without referring the charts. Here’s the recent Price action of Nifty 50 on Daily chart. Nifty Price Action Analysis

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SBI Price action and Momentum is divergining

State Bank Price Action – A Shift in Market Momentum

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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

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