In the hourly TF,Nifty have to cross the 11640 level with a significantly higher moving ATR to give a healthy breakout and reach 12000 level. ** Hit like if you like my idea.**
hope will move up...
Balkrishna Industries is in a upward channel. An upward channel is always considered a bear flag and breakout in upward direction can be completely ruled out technically. Doji candle formed in todays session has taken support at 50 DMA . This candle is a bearish candle which signals exhaustion. And if you see the big bull candle at the top of channel signals buy...
Price of igl is wandering in 375-381 zone for a few time , According to probable set up ,if we bet on shark pattern leg d completion, then trade would be profitable as due to high risk reward ,
Hero showing bullish trend...
lets see.......
i can see more upside
Bajaj Finance at the top of channel is re-testing the upper trendline second time. Current levels look exhausted and a correction is eminent. We can wait for levels of 3579 or ( 50 Day Moving Average) to buy. OI is seen increasing on the CALL side which indicates selling pressure 3800 Put as of now holds the maximum OI. 4200 CALL holds maximum OI.
HDFC Life could be a good bet at current market price 396
Short XAUUSD Gold Positional
NIFTY WEEKLY UPDATE GOING AS PER CHART...
Breakout after 11700 cross and close
USDINR NEXT MOVEMENT .....