LOOKS LIKE A DIVERGENCE... LET'S SEE IF IT QUALIFIES OUR VIEW POINT.. AND WHAT IT DOES?
Support and Resistance Levels - NSE:NIFTY Support - 10250, 10175, 10000, 9700 Resistance - 10550, 10890
Zeel Was continuously testing the major support and it became week after testing almost 3rd time! Now for a better entry find price action is small time frames too. They work every where. {Please zoom into 5mins chart. I couldn't do that due to resolution issue}
NSE:BANKNIFTY SIMPLE PATTERNS NO ABRUPT MOVEMENT CALM DAY
1. Weekly demand and supply zones are identified with the black horizontal lines 2. only act on the breakout confirmation - till then you can trade intra-day strategies. I suggest you to use 60 min or a 30 min timeline! 3. Weekly gap at a previous support now acting as a resistance shown by the yellow zone and black dotted line respectively Trade with caution as...
MULTIPLE CONFIRMATIONS GIVES CONFIDENCE AND APPROVES STRONG TREND 1 RUPEE STOP 4.5 RUPEE TARGET RISK : REWARD = 1 : 4.5 FANTASTIC TRADE NSE:CIPLA
BREAKOUT EXPLAINED BEST ENTRY WHERE TO TAKE PARALLEL CHANNEL FORMS KEY SUPPORT DURING PULLBACK MY CPR AND FIB LEVELS GIVES US THE TARGET PRECISELY
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Trade levels CMP 733 STOP 687 Target 755 775 795
It appears to have completed a pullback of the IHS breakout it gave last week. It could rally till 215 & 245 as long as it does not go below 180