#Ichimoku #RSI #priceaction
The above chart shows that Last session nifty has maintained to support the current cloud's leading Span A, But the lagging span plotted 26 days prior indicates weakness, the conversion line + base line are neutral to bearish.
So we can expect the volatility to continue, the lower time frame(1hr) analysis will gradually give the indications where the trend is headed.
RSI has resisted the bearish levels and it not above to move above 70 which indicates that the investors are ready to buy from the above levels for now.
The trend will resume once the RSI will again be above 70 level.
Now we witnesses is that it is resisting the 60 level which is technically not good for bulls.
>>Will have wait for the institutional buying selling data to confirm the next wave. Though FIIs have infused 7k cr in last week, we didn't witnessed a good price move upwards.
The above chart shows that Last session nifty has maintained to support the current cloud's leading Span A, But the lagging span plotted 26 days prior indicates weakness, the conversion line + base line are neutral to bearish.
So we can expect the volatility to continue, the lower time frame(1hr) analysis will gradually give the indications where the trend is headed.
RSI has resisted the bearish levels and it not above to move above 70 which indicates that the investors are ready to buy from the above levels for now.
The trend will resume once the RSI will again be above 70 level.
Now we witnesses is that it is resisting the 60 level which is technically not good for bulls.
>>Will have wait for the institutional buying selling data to confirm the next wave. Though FIIs have infused 7k cr in last week, we didn't witnessed a good price move upwards.
๐๐จ๐ฐ ๐ญ๐จ ๐๐ซ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ก๐ข๐ฆ๐จ๐ค๐ฎ ๐๐ฅ๐จ๐ฎ๐ ๐๐ง๐ ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ๐ฌ ๐๐๐ญ๐๐ซ ๐ฒ๐จ๐ฎ ๐ฉ๐ซ๐ข๐๐ ๐๐๐ญ๐ข๐จ๐ง ๐ญ๐ซ๐๐๐ ๐ฌ๐๐ญ๐ฎ๐ฉ?
The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals.
Ichimoku Kinko Hyo translates into โone look equilibrium chartโ. With one look, chartists can identify the trend and look for potential signals within that trend.
Even though the Ichimoku Cloud may seem complicated when viewed on the price chart, it is really a straightforward indicator that is very usable.
Finwings stock trading academy is one of the best stock trading academies in India providing crash courses, short term courses and medium-term courses focusing on those who Want to be a trader or invest in the Indian stock market.
Website:- www.finwingsacademy.com
Weekend and weekdays batches with a maximum of 5 registrations per batch.
Call Now - 09773225512 #Ichimoku
The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals.
Ichimoku Kinko Hyo translates into โone look equilibrium chartโ. With one look, chartists can identify the trend and look for potential signals within that trend.
Even though the Ichimoku Cloud may seem complicated when viewed on the price chart, it is really a straightforward indicator that is very usable.
Finwings stock trading academy is one of the best stock trading academies in India providing crash courses, short term courses and medium-term courses focusing on those who Want to be a trader or invest in the Indian stock market.
Website:- www.finwingsacademy.com
Weekend and weekdays batches with a maximum of 5 registrations per batch.
Call Now - 09773225512 #Ichimoku