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Be-careful long traders on ITC. Price can be trade in range.

Posted: 05 May 2020 12:13 AM PDT

  • long-term trend is downward
  • expected no trading activities above attraction line.
  • price can rest between lower bound and attraction line.
  • project will help to how stock can perfect.

Advised to traders and investors: be careful to take long.

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Beauty of Fib. Retracement on NIFTY

Posted: 04 May 2020 11:04 PM PDT

This pullback can push price 9066 up to easily.
At a,b and c of 50% retrecement zone from where price started to move downward.

Value area with 3 control lines has plotted of parallel channel.

  • The control C1 and C2 is stronger than C3.
  • Value area is predicted by price and control price. There is more chance to continue to fall.

Nifty is follwing weekly channel since long 2005 year

Target achieved Fib Retracement:

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