For educational purpose only... Comment for any correction First Idea Published ... Nifty on a monthly chart so Long Term View on It
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Read the chart and trade
chart suggesting short with small scope 1240 target
Chart saying to buy with the target of 400-402
Stock has performed triangle breakout on weekly chart with volume, RSI is at 55 and moving towards north direction indicating bullish momentum.
On daily chart stock has formed pole flag formation, a breakout in stock, it will move towards 168-170 levels.
Nifty on the weekly formed a evening star type candle which can be confirmed depending this week close. on daily chart gapped down and failed to close the gap immediately the gap will remain a resistance zone (11400 11435) it would be interesting to see when the gap is tested and how it reacts after it tests the gap.
On monthly chart index has performed bullish flag breakout. Looking at RSI it has breached the bearish trend line and resumed its journey towards north direction....can we expect 32,000-32,500 levels ??? Its going to be high volatile & full of action in coming month.
Looks like going to blast Trade mentioned in chart
BhartiArtl is in bearish trend and if it breaks today's low then we may see these supports soon. Levels mentioned in the chart!!!
Looks like a formation of H & S pattern, currently in Neck line support of around 924. Need to wait for confirmation whether the pattern formation holds true or not.