Bank Nifty closed above its demand zone @ 16700-16800. Once it sustains below this zone it may test its next support @ 16300 and 15500. On the upper side if it will hold 16800 zones then again it may test 17500-17600 zone.
As I have mentioned yesterday post that if Nifty sustains below 8050 it may test 7650. Today it closed @ 7610. Now two major demand zones on the long term chart are clearly seen at 7000-7250 and 6300-6500. On the upper side, there are two supply zones @ 7850-8000 and 8250-8350. It will be a good selling opportunity if Nifty will test the upper zone of these...
BUY WHEN SQUEEZE SHOWS GREEN AND BB LINE TOUCHES ITS TOP LINE
Like King Edwards VIII, I found my true love in Justdial. The stock adores price actions and also, is high beta. Anyways, Let’s analyze Justdial. The bounce chart has been plotted and we can clearly see the lower highs and lower lows in this perfect downtrend. But, here are some points in interesting order - The candle A, candle B and the last day’s candle...
AS per Technical Analysis we find the Flat Bottom Broadening Formation. With High of 12430 and Flat Support @ 10034. With this deduction the minimum price MIGHT reach is 7700. Anything can happen in this market.
Looking At The Current Structure, It Should Be A Swing Ride For The Next Few Years As The Wave 4 Goes Through A Complex Side way Correction Based On Wave Principles Guideline.
It has given a diagonal breakdown which indicates 4900/4400 as possible areas before any major respite comes. On the other hand immediate resistance is at 6250 above that 6800.
IF BREAKS SUPPORT TARGET 1 AND TARGET 2 POSSIBLE. DIVERGENCE SEEN BETWEEN PRICE AND OSCILLATOR.