December 12, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.5% in positive at 11972
- AD was 11:7

- market is at all time highs
- but more stocks made 52 week lows than 52 week highs
- and PE ratio is 28!

- double bottom support around 11800
- if this breaks, H&S play can happen




3 min charts:
- trades as per arrow



60 min charts:
- lot of selling around 12050 F levels



No comments:

Post a Comment