1.So we can clearly see bearish momemtum continuation.
2. Downtrend market , halt phase making it obivious bearish rectangle pattern.
3.On daily time frame we can see it has given close below the support region.
4.On 15 min time frame we can clearly see a breakdown and retest favourable for shorters.
5.Again going to 1D chart there is an gap which since market has broken its support so its definitely gonna fill it tomorrow or on Friday 26/3/2021.
6.Lock down in nanded and Beed districts of market will obviously affect the market as the major cities like mumbai,delhi are also under the RADAR for lockdown.
7.At the time of analysis i can see sgx is nearly at 93 points up. But I think market wont open gapup and even if it opens on look for shorting...
-SHIVAM MISHRA
MGB
2. Downtrend market , halt phase making it obivious bearish rectangle pattern.
3.On daily time frame we can see it has given close below the support region.
4.On 15 min time frame we can clearly see a breakdown and retest favourable for shorters.
5.Again going to 1D chart there is an gap which since market has broken its support so its definitely gonna fill it tomorrow or on Friday 26/3/2021.
6.Lock down in nanded and Beed districts of market will obviously affect the market as the major cities like mumbai,delhi are also under the RADAR for lockdown.
7.At the time of analysis i can see sgx is nearly at 93 points up. But I think market wont open gapup and even if it opens on look for shorting...
-SHIVAM MISHRA
MGB