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#jubilantfoodworks #Dominos #Dunkin #popeyes Bounceback candidate as its highly oversold.
We may consolidation at current level for any further move. https://t.co/zgs6fyIfAp
We may consolidation at current level for any further move. https://t.co/zgs6fyIfAp
#jubilantfoodworks #Dominos #Dunkin #popeyes
— Pranay Prasun (@PranayPrasun) February 19, 2022
I was expecting reversal from 3000-3100 level but didn't work and looks like we may see 2600-2700 level
~ Already booked small loss and waiting for right entry
~ Shared weekly chart for reference https://t.co/OFsuLsYN2z pic.twitter.com/ZUSZcf20OB
How to know bottom formed?
As per classical tech analysis
Whenever daily RSI starts trading above weekly RSI. Consider it as short term bottom
When weekly RSI, above monthly RSI midium term bottom
Now daily RSI 30
Weekly 37
Monthly 59
@bankniftydoctor ..RSI king.view pl
As per classical tech analysis
Whenever daily RSI starts trading above weekly RSI. Consider it as short term bottom
When weekly RSI, above monthly RSI midium term bottom
Now daily RSI 30
Weekly 37
Monthly 59
@bankniftydoctor ..RSI king.view pl
I will do either
— Discipline TrendFollower\U0001f600 (@SouravSenguptaI) March 7, 2022
1.Monthly RSI near 40 ( presently 58)..Did nearly 20 yr backtesting
Or
2 A close above 17350 ( monthly)..This will confirm HH Structure
Levels r as of now
The other way to look at this is that..The stock went below 21 month EA in 2008 & 2020 crash
Something is happening really too bad and worst is yet to come for entire market !!
Something is happening really too bad and worst is yet to come for entire market !!
HDFC bank Monthly Chart :
— EquiAlpha -MidTerm Momentum\U0001f40e\U0001f40e (@equialpha) March 7, 2022
In last 20 years - Only 2 times the stock has gone below 21 month EMA as market. This seems the third time (Monthly close will confirm )
Don't know but something seems off !!
Lets check again on month end pic.twitter.com/9eeVfikdnU