Naijastockmarket
NSE 30 MARKET ANALSIS.NSE 30 AT CRITICAL POINT : ON MONTHLY DEMAND ZONE .
The price is at equilibrium for four conscecutive month. the are signs of accumulation or distribution on weekly and daily time frame
NZDCAD LONG - Possible 100 PIPSIf the 0.854 - 0.855 range gets broken, we confirm our BULL ride as shown in the snapshot below;
My Position on USOILMy Position On USOIL detailed on the Chart. A pullback BUY, then we continue the SELLLLLL.
GBPAUD Analysis - Pullback, Short Bull and BEARRRRRR?????For GBPAUD, I believe that upon market opening, we should see a little pullback towards 1.90594 (especially if it dips down that zone marked in green), and then goes up towards the zone I have marked in purple before price begins to fall.
However, if it breaks that my zone in purple, it would probably go up some more.
I think generally though, it should be going down.
NSE30 WEEKLY MARKET ANALYSIS WEEKLY ANALYSIS OF NSE30 INDEX : WEEK ENDING 07062019
A vital support zone has been established on a monthly chart. The week ended with bear in control.
Watch out for price crossing below 1257.6 that will strengthen bear position and also established supply zone.
The last three weeks candle setup is also a bearish candle formation.
CONCLUSION:
I am expecting the market to move lower or at least short term sideways movement paving the way for either upside movement or continuation of the trend
NSENG:NSE30 www.tradingview.com
MONTHLY ANALYSIS OF NSE30 01-06-2019 :
May Trading Update :
There is a pulse in the downward direction. I am expecting ether continuation in the downward direction or reversal of trend next month.
I favour the continuation of the trend because there is no selling climax on the monthly chart yet.
1100 is a significant level to watch on the monthly chart.
NSENG:NSE30
MTNN WEEKLY REVIEW.WEEKLY MTN ANALYSIS FOR THE FIRST 50 WEEKS :
1. WEEK ONE :
Sell pressure the stock fail the maintain the weekly high.
SELLING CLIMAX ON NSEINDUSTRIAL ON MONTHLY CHART ?.
DATE :14:05:2019.
April candle closing with extended range candle with high volume indicate following :
1. Sign of end to the downward trend
2. Big volume also support selling climax
2. Institutional buyer may start coming to the market
ACTION PLAN :
1. Time to start paying attention to smaller time frame weekly and daily.
2. Stock to watch within the index : WAPCO, Dangote Cement, CCNN and CAP.
INSIDE DAY BAR ON MONTHLY CHART ON ALL NIGERIA SHARE INDEX NSE30The inside day bar momentum is negative.
Price is likely to test 1100 which is the nearest support.
