Currently sitting at a support zone of 22280-22300. Break below this can take us to 22090. Above 22300 we have 22505, 22650. Have a look on the chart for the support and resistance levels. Share your opinion in the comment section below, and like and follow for daily market analysis ! Professional Trader | Experience: 2.5 Years NOTE: The above mentioned views...
HIGHER HIGH LOWER LOW PATTERN
Price may find hard to move beyond the SUPPLY zone. It may retest the DEMAND zone ~11300-11200. After clear accumulation, price will move up. Gap created on 4-Sep may be filled. For week Sep14-17: UPPER ZONE: ~11500 - 11600 LOWER ZONE 1: ~11300 - 11200 LOWER ZONE 2: ~11000 - 10900
Price may retest the DEMAND zone and will fill the gap created on 21-Aug. It may be side wards for a couple of days as the volume is clearly accumulated at lower price (~22250-22300) by big players. I guess price may be lowered further and clear accumulation may happen. If the trend line (Green line) breaks then the next DEMAND zone would be (~21600-21700). Every...
RSI MACD DIVERGENCE WITH PRICE ACTION how to use
NIFTY IS EXPECTED TO RANGE BETWEEN 12000 ON THE UPSIDE AND 10500 ON THE DOWN SIDE BECAUSE OF PRESENCE WEEKLY SUPPLY ZONE AND WEEKLY DEMAND ZONE RESPECTIVELY. PRICE EXPECTED TO BOUNCE FROM DAILY DZ AND ALSO ONE SHOULD REALISE THE FACT THAT PRICE IS REACTING FROM THE DAILY SUPPLY ZONE.THIS IS FOR EDU PURPOSE ONLY
Below 10850 we can see more speed in the correction.
NSE:BANKNIFTY SIMPLE PATTERNS NO ABRUPT MOVEMENT CALM DAY
Price is consolidating, getting ready for break out.