Earlier in Downtrend when Bull took control from Bears they bounced more than 50%.
Now in the same rally the stock has retraced and showed a confusion by hammering on the 50% levels which we know is strong support area.
A long legged Doji, and Hammer is seen, as the Japanese says these candlesticks are testing the waters on those levels.
If the bulls have taken control a confirmation is required by giving a close above body/high.
Now in the same rally the stock has retraced and showed a confusion by hammering on the 50% levels which we know is strong support area.
A long legged Doji, and Hammer is seen, as the Japanese says these candlesticks are testing the waters on those levels.
If the bulls have taken control a confirmation is required by giving a close above body/high.
Not
Bears are still in control.CMP 175
61.8% retracement is at 170 and 50% is already broken.
Still No Confirmation to take a Entry.
Not
Bought at 182.9
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.