Gold prices have retrace and consolidated around 50% of prior rally. Multiple breakouts and formation suggest that we may see Gold higher till 48k by the current calendar year.
Bank nifty retraced by Fibonacci to its 0.618 level. the high is touch on retracement level. May be bank nifty continue its trend. same achive its target on Head and shoulder pattern. on down side.
Indigo @ Major Resistance Level
Fresh Long Position Zone: Sustain above 1530-1540
For the target of the next resistance zone: 1570-1580
Major Resistance Zone: 1530-1540
Major Resistance Zone: 1570-1580
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There is breakout on weekly chart of Bajaj Auto.
Also it just cross 50 & 200 EMA at the same time, both of them are strong support.
Support & Resistance marked on the chart
HighLight tail with Yellow color at value low.
-> Tail detect each time when price taken U-turn.
Wave counting 5 are completed.
Gravitating price is at 11340 as a target.
(suppose to close above 11357, then the next target will be 11468 (more than 90% probabilities).
We may face Resistance at control price 11340 nearby, for target 11189.
95% chance to...
NSE:ICICIPRULI is approaching a very crucial long term trendline resistance. There is a prior gapdown, Monthly Pivot R1 and Fib 0.618 acting as confluence of resistances. Highest Call OI is at 340 strike price. For more updates join our telegram channel t.me
Apollo Tyres on a weekly chart has taken support at levels of 192-193 and has bounce back giving a divergence on the RSI from a oversold region. The MACD also is showing convergence. A major part of the move has already taken place from 193 to 220.
What needs to be seen is as to how far would this upward move go with Fibonacci retracements placed at 224.5, 235...
