RANGANATHANN

RANGANATHANN Updated 

PIVOT 20643 CPR SUPPORT 20561 FIB SUPPORT 20570 - 20580 (0.6-0.618) CPR RESISTANCE - 20651 =>Breakout can trigger upside upto 20735 OB RESISTANCE - 20725 15minutes 200 period moving avg coincides with fib retracement of 0.618 levels which will act as a crucial support TARGET1 20725 70% Upside potential possible. NOTE : THIS IS PROVIDED ONLY FOR EDUCATIONAL PURPOSE.

RANGANATHANN

TREND FOLLOWING CHANNEL, FOR UPSIDE BREAK OUT NEEDED, FOR DOWNSIDE RETEST NEEDED THEN IT WILL COME DOWN , 11000 WILL BE A GUD SUPPORT, if it is broken then there is a chance of good downside.

RANGANATHANN

TARGET 1 45192, TARGET2 44800, TARGET3 44685 GLOBAL CUES INDICATES BEARISH MARKET DUE TO JANUARY CPI INFLATION DATA OF US. DOUBLE TOP FORMATION IN 15 MINUTES CANDLE STICK OF BANKNIFTY WHICH INDICATES BEARISH MOMENTUM. LEVEL 44685 WILL ACT AS A CRUCIAL SUPPORT WHICH IS A 200EMA IN DAY CANDLE. CPR SUPPORT 44964.50 , IF HDFC BANK SUPPORTS then there is a...

RANGANATHANN

TARGET 1 20030, TARGET2 20096, TARGET3 20195, hopefully first two targets will be achieved on expiry day. Formed morning star pattern in the 15 minutes candle and trending towards the first target. PIVOT is in 19993, 19800 will act as a crucial support level. there is a possibility of gap up open based on global indicators. imbalance with two crucial order...