Return of the Reliance Power with other Stocks

[TIMEFRAME]

On a very long TF , a Red candle has formed on Nifty Chart , almost after 10 Year , don’t know the implication , it may be very negative impact on Nifty

[livepositionaltrader]

@TIMEFRAME

On a very long TF , a Red candle has formed on Nifty Chart , almost after 10 Year , don’t know the implication , it may be very negative impact on Nifty

I think its too early to judge since this is a yearly chart and now its just Feb. so maybe the lower wick is forming now and we might see a bumber swing on the upside in the coming months. quite possible.

@TIMEFRAME

I revisited after your reply , tweaked the setting , yes still my opinion is , its in a range , i would wait to trade if Coromandel break the range with high volume

Thanks! I am too waiting and won’t rush unless there is something unusual to trigger the upside. but i am willing to take the risk on this one in cash

[TIMEFRAME]

@livepositionaltrader

I think its too early to judge since this is a yearly chart and now its just Feb

Well it may be , but it happened in a span of a Decade

[TIMEFRAME]

@livepositionaltrader

appreciate the perspective on treating it as a range instead of expecting some breakout. I will factor that in.

It seems to be breaking the range , but the volume is not so high

[TIMEFRAME]

wondering how high SBIN can go

[livepositionaltrader]

@TIMEFRAME

It seems to be breaking the range , but the volume is not so high

I see thanks

@TIMEFRAME

wondering how high SBIN can go

Yea psu banks seems undervalued. i would not be surprised if this rally continues. also look at ex-bank index. thats also interesting.

[TIMEFRAME]

@livepositionaltrader

Yea psu banks seems undervalued. i would not be surprised if this rally continues. also look at ex-bank index. thats also interesting.

Thank You

[livepositionaltrader]

on a weekly psu seems near a resistance though

[BB789]

Are those pivot point resistances?

[livepositionaltrader]

you can choose any… there are many ways ma, rn, pivot, fib, trendlines… whatever that works

[BB789]

Yeah, but what is the indicator shown on the picture?

[TIMEFRAME]

@livepositionaltrader

on a weekly psu

Going up & Up , SBIN is the Leader if so , i need to take profit on 3ed Time on PSU Banks

[TIMEFRAME]

@TIMEFRAME

It seems to be breaking the range , but the volume is not so high

There was a shake out in Coromandel price in the morning opening , something is changing / cooking in Coromandel

[TIMEFRAME]

Not Just because of the News about Anthropic Claude Sonnet 4.6 , I think IT indices will break down further , i may be wrong but its my opinion.

[livepositionaltrader]

thanks for the details and analysis

[livepositionaltrader]

whats your view on IT? @TIMEFRAME

does it look like a false breakdown? and reversal.

[TIMEFRAME]

@livepositionaltrader

whats your view on IT?

i already had my opinion , on D chart you can see the intensity of the breakdown , if US-Iran war continue for another 15days to month further breakdown can be expected