The Gravitate price is being played such as magnet which has a yellow color with a number (0) to (8). If you see it closely from left (0) to (8).
We have seen selling and profit booking with high of 30058 which is also written by me. price is going to hit at "blue-channel-line" which is the point at 29387.
I have written yesterday: Don't overlook the BLUE...
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Understanding Nifty or BankNifty formation based on the Free Float market cap is the success of trading....
Bullish Bat & Butterfly pattern on Weekly Chart of Sterlite Technologies. BUY 183-188, Butterfly BUY 165-170. Next major support is around 160. If you see the chart you would notice that it bounced back for 70-75 points once, after it came to price on 12th of February.
I just started learning Harmonics, so I don't know how to perfectly calculate Target(s) & SL, yet.
It is evident from the chart that Nifty is making Head & Shoulder pattern. Neckline breakout will be on hourly close below 11580. Stop loss should be 11761 but trader can also observe 11670 as the stop loss for target of 11200.
Note : Break out is yet to take place. Hourly close must be observed or trader can wait to sell below 11550 with stop loss above 11625
The less time price spends at a certain price level, the more effective that price level will be in providing support or resistance for future price action.
Shot TCS 2256-2258 nearby
Stop loss 2261-2264
Bank Nifty is slightly on the verge of entering back in the structure , which is a sign of weakness , its also in the same range form 4 week
if weekly close makes slightly higher then today price the continuation of trend is possible till 32500
any reversal on daily one can look for fresh entry for next move up
It has touched once again at top
Can go up to 879- 82... SL 790.. target 800 -790
Risky trader can hold with 20 point sl, if it go more up... else it should take U turn from here.
Have to take entry once we get sign of selling on small time frame.
NIITLTD has gapped up on 8th april from the level of 96 to the level of 102 following immediate test of support of 102 level on 22 april. Buying in this stock at current level is recommended. immediate resistance is at 116-120 after that stock has very good upside potential.
Immediate targets could be - 140, 155, 175. long term target is 212.
Recommended call -...