Fauji fertiliser is forming a bearish cup and handle pattern, and it has closed below the longterm trend line, along with that the price is below the 200 days ema.
Note☆ close below 200 ema means that bearish downtrend is in play.
A fall below 469 with a weekly close below that would push the price down to the mentioned targets. At each level i will study the market to make entry decision.
Price is currently hugging the weekly 50 ema which is at 485.45. So far ema 50 weekly has been acting as a support. Price retraced above this during the last week. I am expecting that a weekly close below this level will push the price below. The next weekly ema is at 400 pkr, that is the 100 weekly ema. In my opinion a weekly close below 469 will like push the price down to 400.
These are my thoughts and not an invest advice.
Note☆ close below 200 ema means that bearish downtrend is in play.
A fall below 469 with a weekly close below that would push the price down to the mentioned targets. At each level i will study the market to make entry decision.
Price is currently hugging the weekly 50 ema which is at 485.45. So far ema 50 weekly has been acting as a support. Price retraced above this during the last week. I am expecting that a weekly close below this level will push the price below. The next weekly ema is at 400 pkr, that is the 100 weekly ema. In my opinion a weekly close below 469 will like push the price down to 400.
These are my thoughts and not an invest advice.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.