Usually there will be break out after consolidation. Here the price is consolidating again. Calm before the storm?
We can clearly see the price struggling to breakout of the Weekly Levels. In the Daily, we can see a Negative Divergence with RSI (orange line) followed by Double Red Inside Bar. If today, the price breaks below the yesterday's range, we can expect quick down move.
Price is trending within a range. Expecting the break out soon.
Cmp 162.50 Sl 166 Tgt 148.80 Strong down momentum. Above write up is educational purposes only
Support Zone: 30950-3100 Strong Support Zone: 30750-30850 Resistance Zone: 31250-31350 Major Resistance Zone: 31600-31700 Fresh Buying Zone: 30950-31000 Create a Short Position Zone: AVOID tgram at jtradingview
Nifty Outlook:- No Trade Zone: 11870-11950 Resistance Zone: 11950-11965 Resistance Zone: 12020-12040 Support Zone: 11850-11870 Support Zone: 11800-11820 Fresh Buying Zone: 11950-11965 - If it will able to sustain this zone. Fresh Sell Zone: 11850- If it will sustain below this for the target zone: 11800-11750 tgram at jtradingview
Indigo @ Major Resistance Level Fresh Long Position Zone: Sustain above 1530-1540 For the target of the next resistance zone: 1570-1580 Major Resistance Zone: 1530-1540 Major Resistance Zone: 1570-1580 tgram at jtradingview
TCS: Soon it may test it's major resistance zone Strong Support Zone: 2105-2112 Resistance Zone: 2150-2170 Time to create long position: If price will come to 2110-2120 zone and it will able to sustain this zone. Stock may give bounce to 2150-2170 again. This will be the besttime to sell 2100 Nov Put Option. tgram at jtradingview
Escorts-Buy Current market price: Rs . 653.45 Stop loss : Rs . 634.90 Target : Rs . 748.80 Risk Reward: 1:5.14 On daily chart there is strong support, buying momentum increases and pullback is weak. Above mention idea is educational purposes only.
Price action is consolidating within a small range. Break out can be in any direction.
Security is trading between 116 and 120. Upper limit is 122. Bulls will be active above 122 if sustained for 15 mins. Bias - Bullish ⏫ Note - Please wait till the levels are active. View negated if stock is below 116 on closing basis. This is an educational idea which would be updated on further price action observations. In no ways it is a buy/sell recommendation.