We saw a broad Price action trend in Tata steels from May 2017 to Feb 2018. Stock prices rallied from the low of 400 to the high of 700, within a period of 10 months. In the beginning of Feb, prices failed to break the swing high at 720 and tumbled sharply from there onwards. […]
Tata Steel Price Action – Trend Termination, What’s next? Read More »
Venky’s Stock prices are trending higher since 2015. Within a matter of 3 years, Share prices climbed from 210 to 4175, that’s more than 500% returns! Despite multiple corrections and retest, share prices managed to make higher highs because of renewed buying interest and momentum of in the stock. Richard Wyckoff would refer these types
Venky’s Stock prices – Focus on the Trend in Weekly Chart Read More »
Ashok Leyland stock prices had excellent run since the beginning of 2017. In early 2017, share prices were trading at 75, fast forward to march 2018, market price is 147. That’s almost 96% gain in less than one and half years! Despite government budget and other black swan events in recent months, Share prices didn’t
Ashok Leyland Price action – Be cautious with the Breakout Read More »
After testing the multi month resistance zone at 1370 – 1360, (I have pointed many times in previous articles that support and resistance are zones, not levels) Gold Price action is consolidating briefly near that resistance zone since the beginning of Feb 2018. Though Prices are tumbling down, both bulls and bears are in a
MCX Gold Price action – Brief Consolidation near Resistance zone Read More »
In my previous article on Bank nifty, I have pointed out that Structural support zone at 24000 – 24500 is important to determine future market direction. It’s essential to watch how market prices are going to behave around the zone. Now Price action is testing that critical support zone, we might see volatile market moves
Bank Nifty – Price action testing the Critical Support Zone Read More »