NIFTY Weekly is in divergence. RSI currently is at important levels of the falling trendlines of lower highs of rsi also nifty facing resistance at 11980 levels. expect a test of 20 dma atleast soon..
Nifty has formed WEDGE pattern. Price has come out of WEDGE. Nifty should trade in this range in coming days. Unless 11650 is broken on downside upswing cannot be ruled out.
IN A WEEKLY CHART WE CAN SEE TWO LONG TERM TREND LINES AS MENTIONED UPPER LINE HAS GIVEN THE STOCK RESISTANCE THREE TIMES SO FOURTH TIME STOCK SHOULD TOUCH IT AS GIVEN WITH ARROW FOR THIS, STOCK MUST CLOSE ABOVE HORIZONTAL LINE AND LOWER TREND LINE ON WEEKLY CHART HAS GIVEN SUPPORT THREE TIMES IF IT TAKES RESISTANCE FROM HORIZONTAL LINE IT MAY DIVE DEEP TO 243...
Cmp 162.50 Sl 166 Tgt 148.80 Strong down momentum. Above write up is educational purposes only
Cautious view from US Market DJI may test 27200-27000 zone. tgram at jtradingview
Cautious View On IndusBank Strong Support Zone: 1400-1415 tgrm at jtradingview
Good chart ....Up/Down..@support now
IF THE CURRENT FIBONACCI LEVEL IS NOT SUSTAINED AND CANDLE CLOSES BELOW 162.45 TARGET FOR SHORT SIDE IS 148.65 STOP LOSS IS 170
Weekly time frame is showing a C Clamp while Daily time frame has given a breakout yesterday. It could test the next resistance near 225. View negates below 205
If it breaks below 50 EMA on 30 mins chart and sustain then it can go up to approx. 162 with stop loss of 182 and further down to 155 & 145. if it respects the 50 EMA on 30 min chart then it go up to 182 with stop loss of 162 and above 182 it would create new highs. At each support or resistance watch for candle stick patterns like continuation pattern or...
There is breakout with gap up and long bottom wick, expecting some correction. Already there is higher high and higher low formation.
IF IT BREAKS 64 IT MAY GO DOWN TO 59.6
AxisBank closed on the rising trendline and 100 dma.. break below will lead to further correction