Looking Good For Up Side From (CMP-104) Range 104 to 94 Support 90 Up side 330+++
It is forming a Bullish Harmonic Dragon which suggests levels of 260/285, double confirmation above 238. View would negate below 215. As per Ichimoku analysis also 438 is the hurdle for the up move.
Bank Nifty has broken out of traingle formation created last week with weak candle formation. Support is seen at 27960 levels , Any fall below this level can trigger a collapse to 27750 levels. Need to watch out for 27960 levels and if support holds we can take a buy position. HDFC Bank / icici bank / SBIN / Axis bank are at their support levels.
If PEL breaks the highlighted zone next target will be 1000