To continue next leg of rally BankNifty must not breach 27500. It may consolidate here for a while before starting another run. Or if it breaks 27500, then we will test 27000 levels too.
This describes the support & resistance for different time periods. One can set the number of candles for back testing the candles. Based on size of the candles, dynamic S&R zones will be plotted on the chart. Best time frame is weekly for long, hourly for short term, daily for medium term
Triple TOP Formation (As of NOW) #1. 27652.05 on 29/01/18 #2. 27613.5 on 01/02/18 #3. 27661.05 on 27/07/18 If Crossed Next Level Should be 28178.09 Fib E 1.13. If Reversed Crucial Level 26899. Closing Below 26899 Confirmation. Rest Detailed plotted in Chart. ..... more as Update.
Bearish Alt AB = CD (1.13 Ext.) Can Short at "TFZ / HZ #1 => 11342.7 - 11361.5" (Spot) / 11363 - 11377 (Fut) Can Short at "TFZ / HZ #1 => 11342.7 - 11361.5" (Spot) ...levels plotted 7 mentioned in Chart. Some important Data: PCR: 1.38 (Over Bought 1.4 - 1.7) RSI(14): 73.99, RSI(9): 66.75 BB: Closed Above BB IndiaVIX: 12.31 (Prev. - 12.03)...
NSE:TITAN TITAN-Breakout above 900 give 920... Gud uptrend in 1D TF also,..
NSE:BAJFINANCE Long term trendline retest is happening... Short below the trendline... with previous candle high as stoploss...
NSE:YESBANK In previous support, Three inside candles and Symmetrical triangle,... More chances of breakdown...
NSE:HDFCBANK After a long time...Evening star in a uptrend... Breaking 2135 will lead more downside... Bearish divergence in RSI...
NSE:VEDL LL/LH formation in progress.... LH formed... Now in trendline resistance.... RSI in Ascending triangle... Expecting a downside breakdown... RSI is in overbought level in 1hr TF, but in 1D TF RSI is in Bull zone above 50, which indicates, bulls active in VEDL.
Described in the chart
Explained in the chart
Ascending channel breakout has occurred. S/R zone at 650ish. Long of broken (Confirmed upside)
Explained in the chart