If we look at Price action of Punjab national bank, it’s obvious to spot how one-sided market sentiment is! Whenever sentiment becomes one-sided or skewed, majority of the traders get trapped and prices move in the opposite direction, it’s a common thesis of how the market behaves. Based on current scenario and scandals, the bias […]
PNB Price action | Beware of Traps – Share prices trading near round number Read More »
Reliance is one of the very few blue chip companies where trends are quite predictable, easy to spot and analyse. Since from Nov 2017, Price action is trading roughly within a range of 100 points (970 – 870). It’s quite easy to see the range structure in Daily chart, respective key levels are – support
Reliance Price action – Range continuation or Breakout ? Read More »
Trading copper was quite challenging in recent sessions, especially finding short-term trading setups on lower time frame. Price action was completely hectic because of constant price gaps and less liquidity. Take a look at the daily chart of Copper We could see the same Market structure since Sep 2017; many traders would look at the
Copper Price Action – Expect Sharp momentum moves in coming days Read More »
Banking sector was in media spot light for the last few days, many stocks offered excellent opportunities for Short term traders. Price action in lower time frame was very volatile with multiple ups and downs, making it quite challenging to find trades. Nonetheless market movements offered good trading setups on both sides. Axis Bank Price
Axis Bank Price action – Focus on the Structural Support Zone Read More »
Market prices are always driven two by major emotions called as “Greed” and “Fear”, Out of the two Fear is more powerful than greed. Price action of Bank nifty is a recent example of this adage! In the last month (that’s during Jan 2018) Bank Nifty rallied from 24800 to an all-time high of 27600.
Bank Nifty Price action – Next Support zone is the temporary hope for Bulls Read More »