Unit of Technical Analysis
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Nifty & BNF Index trading Education @chetanpathare80 Disclaimer: NOT SEBI REGISTERED ANALYST.ALL POSTS ARE EDUCATIONAL PURPOSES. NO CLAIMS RIGHTS RESERVED. NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING.
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Bearish Engulfing in Dow Jones & Reliance on 1 11 2022
111 222 again WD Gann Master numbers....
Reliance: another Bearish Engulfing in last 10 days?
Fibo 1: Level 2 completion, we make expect a 50% downside movement if it has to move up or also move above the 2610 level (marked with red line) this is the previous 50% level from where it has to give a trend breakout, back testing and move up further.
Fibo 2: resistance at 0.236 level: 2590.7 again, matching with the Fibo 1 levels
Fibo 3: Level 1 as ATH & Level 0: Low after that (30 Sept) till now, we have come to 50% levels 2583.6 and daily closing candle is again below these levels,
overall signal looks in the downside.
Caution:
1. may take support at 50% levels to complete a short reversal around 2433 level to 2390 levels
2. the previous 2 Bearish engulfing on 21st & 25th October have been unsuccessful
trade wisely
Dow Jones: Bearish Engulfing in Making.
Let's look at closing basis for confirmation and tomorrow's candle too
Bank Nifty:
Cup and handle in making
OR we will have
a Triple top with weakness in RSI & MACD?
Dow Jones: caution signal for Long, let's see next movements in Dow jones
The level marked is 50% level from ATH (Jan'22) to low after that in June'22
Nifty: 50% pullback on 1st July and 2nd 50% pullback after 90 days on 30th September, sets us for a good upside movement till now.
https://t.me/+qMRZg4DAjoIwNjg1
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2Unit of Technical Analysis group. (Link provided below)
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