#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.
🔶What Are Momentum Indicators?
▪︎Momentrum indicators are technical analysis tools used to determine the strength or weakness of a stock's price.
▪︎Momentum measures the rate of the rise or fall of stock prices with respect to time.
▪︎Common momentum indicators are shown in the figure.
●Understanding Momentum Indicators.
▪︎Momentum measures the rate of the rise or fall in stock prices.
▪︎From a traders perspective, when the prices keeps on raising/falling with the good or same pace with time, these are the scenarios where these indicators signal us whether to enter a trade or not.
☆MOST OF THE PROFITS ARE GENERATED IN A TRENDING MARKET☆
▪︎History has shown us that momentum is far more useful during rising markets than during falling markets; the fact that markets rise more often than they fall is the reason for this.
☆In other words, bull markets tend to last longer than bear markets.
#momentumindicators #rsi #stochastics #adx #macd
▪︎Momentrum indicators are technical analysis tools used to determine the strength or weakness of a stock's price.
▪︎Momentum measures the rate of the rise or fall of stock prices with respect to time.
▪︎Common momentum indicators are shown in the figure.
●Understanding Momentum Indicators.
▪︎Momentum measures the rate of the rise or fall in stock prices.
▪︎From a traders perspective, when the prices keeps on raising/falling with the good or same pace with time, these are the scenarios where these indicators signal us whether to enter a trade or not.
☆MOST OF THE PROFITS ARE GENERATED IN A TRENDING MARKET☆
▪︎History has shown us that momentum is far more useful during rising markets than during falling markets; the fact that markets rise more often than they fall is the reason for this.
☆In other words, bull markets tend to last longer than bear markets.
#momentumindicators #rsi #stochastics #adx #macd