Note>> 11990 to 12245 is supply zone , three attempt have been made last two week to break it. Above this there is no supply zone so if broken can move to all time high.
Overall Nifty is not bearish , Its sideways , If Reliance shows strong upside movement then it can break the supply zone.
Sell 11714 SL 20 points
Sell 11884 SL 20 points
Sell 11830 SL 20...
Sell at 26150 SL 50 points
Sell at 24720 SL 50 points
Sell at 24190 SL 50 points
Buy at 23750, SL 50 points
Buy at 23150 SL 50 points
Bank Nifty is sideways and can be traded at above points.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
From new traders to experienced traders, the most under valued technical tool is trend line. Since everybody thinks its easy to draw the trend line, they dont give much attention to it.
I have connected A & B to draw the trend line 2 weeks before. When I analysed for this week's move, I just extended the same trend line and it is marked as dotted yellow line. ...
Current market price: Rs . 653.45
Stop loss : Rs . 634.90
Target : Rs . 748.80
Risk Reward: 1:5.14
On daily chart there is strong support, buying momentum increases and pullback is weak.
Above mention idea is educational purposes only.
Current Market Price: Rs.645.40
Stop Loss: Rs.633.80
On daily chart there is strong support and weak pullback
This Chart & write up is for education Purpose only.