First Look at yellow highlight candle with long shadow at ATTENTION part(i) and same formed on ATTENTION part(ii).
Now, pay attention to the whole part (i) which has a downtrend, same part (ii) is in a downtrend. I have marked with a light pink circle which almost common in both parts.
After the long shadow candle, started U-Turn in part(i). Turn your eye on part (ii), Now you will find that U-Turn can start about here.
The following points can validate to U-Turn or NOT.
Upcoming news should be considering:
Friday 26th July 2019
-> 5:00 PM : Forex Reserves for 19th july
Wed 31st Jul 2019
-> 5:00 PM : Infrastructure Output for June
Wed 31st Jul 2019
-> 11:30 PM : USA Fed Interest Rate Decision
Thu 01st Aug 2019
-> 10:30 AM : Indian auto sales numbers
Now, pay attention to the whole part (i) which has a downtrend, same part (ii) is in a downtrend. I have marked with a light pink circle which almost common in both parts.
After the long shadow candle, started U-Turn in part(i). Turn your eye on part (ii), Now you will find that U-Turn can start about here.
The following points can validate to U-Turn or NOT.
- The price will not fall or stay below 11225.
- In case, little gap up, then price will not break 11240.
- Price should be traded 11320 above after 3 o clock.
Upcoming news should be considering:
Friday 26th July 2019
-> 5:00 PM : Forex Reserves for 19th july
Wed 31st Jul 2019
-> 5:00 PM : Infrastructure Output for June
Wed 31st Jul 2019
-> 11:30 PM : USA Fed Interest Rate Decision
Thu 01st Aug 2019
-> 10:30 AM : Indian auto sales numbers
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