IT SEEMS MORE DOWNSIDE LEFT
APOLLOTYRE: Can we see upside? 14-Jan-2020
Breakout or Down resumes? 14-Jan-2020
ONE CAN CONSIDER TO WAIT AND WATCH THE UNFOLDING.
Yes bank has formed head and shoulder pattern wherein the price is at the neckline. At the same time price is at the top of the channel. Levels of 42 are critical support levels as it is neckline as well as weekly support level. if we get daily closing below these levels then price can go all the way to 29 levels. So keep watch on the volumes / levels to trade...
NIFTY is at 1.618 fib extension of the pop it ad during the corporate tax and also close to the trendline resistance from the previous 2 highs. with results season starting and budget ahead, expect volatilty ahead better to rade midcaps which are flying around..
It has made a Bearish Harmonic Alt Shark in hourly time frame. If it fails to go above 218 it could retrace to 205-200