NIFTY BREAKS 10870-10920 RANGE
(BAR OPEN AND CLOSE RANGE)
HELD ABOVE THE RANGE FGR A WHILE
HENCE EXPECT A NEW RANGE ON THE UPSIDE
BUY NIFTY NEAR 10930
PRICE LEVELS ARE PER CASH LEVELS
PLEASE ADJUST FOR FUTURE LEVELS
OPTIONS TRADE MORE VIALBE
maruti broke important structure few days back (trend line) after that continuously trading lower low lower high despite nifty going up.
also maruti is at important support level i.e 7160-7180 zone.
once it break 7150 zone i expect maruti to slide towards 7026/6760.
in weekly time frame 6750 zone is crucial support zone. break of that shall lead maruti to test 200 ...
HEG has broken 3490 on closing basis yesterday and has breached descending 1/2 descending line, both of these important barriers are likely to be recouped immediately, if the stock got beaten for some temporary bearish sentiment. However, if it fails to recoup, then the strongest of the support angle of the chart exists at 3160 where the fall will be arrested.
nifty is looking to creation of right shoulder in the weekly charts and testing the level @ 11100-11150 and looking to be bearish as per Head and shoulder pattern.
sell nifty @11150 with the stop loss of 11410 for the target of 10680-10380-9970 by upcoming weeks
Nicely Moving In Channel.
Every Time It Took Support @ 0.786 Fibonacci (Lower Line of Channel) & Bounced Till 1.27 Fibonacci (Upper Line of Channel).
Will It Respect 0.786 Fibonacci This Time?
Break Out Retest.
Buy On Dip.
Risk Reward Looks Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial ...
Banknifty Morning view: INITIAL BALANCE REGION(IBR) AT 27530-27430
Positive and negative money flow seems to be at same pace,so banknifty can be range bound today
follow the IBR zones to take your position
Buy zone 27400-27440
Sell zone 27600-27550
See MONEY FLOW ANALYTICS to take better decision
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Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed ...