Can Friday's Uptrend survive this Monday ??

devangan123

Well-Known Member
#1
Hi!!

Monday market moved smartly due to IEA meeting and positive results from that , but can rally which started from the low of Friday will survive on Monday ??

Although I know only little of Tech Analysis , but as per my little knowledge its looking very good on Nifty Index charts very near to complete its INVHS pattern but can it possible ? this is my query and thanks to all views in Advance , Seniors please please also share your view

I start from myself view (may be biased view critics have full right to criticize it so i can improve and may give better view next time) :

Personally I believe that traders have very small memory for good news and on Monday they will forgot about Nuke deal , and smart traders will try to book profits a opening bell only which will cause Red color in Nifty and global cues will also support this profit booking as HANGSENG may trade 2 % down while our markets opening .
 
Last edited:
#2
Hi!!

Monday market moved smartly due to IEA meeting and positive results from that , but can rally which started from the low of Friday will survive on Monday ??

Although I know only little of Tech Analysis , but as per my little knowledge its looking very good on Nifty Index charts very near to complete its INVHS pattern but can it possible ? this is my query and thanks to all views in Advance , Seniors please please also share your view

I start from myself view (may be biased view critics have full right to criticize it so i can improve and may give better view next time) :

Personally I believe that traders have very small memory for good news and on Monday they will forgot about Nuke deal , and smart traders will try to book profits a opening bell only which will cause Red color in Nifty and global cues will also support this profit booking as HANGSENG may trade 2 % down while our markets opening .
I dont know whether it will survive today but surely i can say that it will not much longer.One more thing, this is not an up trend it is a relief rally.
 

Similar threads