Nifty as per the analysis in the chart could be near a major reversal zone around 11900-11930. Most indicators are overbought and we can also see divergence in RSI. Advise traders and investors to stay cautious and trade with appropriate SL on all long trades. Chances of this happening in early September is very high.
NIFTY HAS GOOD SUPPORT NEAR 10800 and ALSO MARKED CHANNEL BOTTOM AROUND THE SAME LEVEL.
WE COULD SEE BOUNCE FROM THESE LEVEL TO 11076/11144 LEVEL. FROM THESE LEVEL ONE CAN SHORT WITH SL OF 11180 FOR THE DOWNSIDE TARGET OF 10740/10680
Falling channel crossed by bullish candle.. Can it show the scene of 2080?
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision -KG
Enter Short in HCLTECH below 1083
Targets - 1076, 1067 & 1056
Sl- 1096
*As always suggested avoid if OPEN=LOW
* Trade wisely as market is very volatile.
RBL bank based on friday news from SEBI - It looks like 463 is -50% fibo and 418 is 61.8%. Recent fall of DHFL and Yesbank. Don't be surprise if fall to 50% from current price.
BANK NIFTY VIEW:
25650/25900 which would act a immediate resistance in coming days. Beyond this BNF has resistance @ 26400-26500 range.
A bounce from current level is possible. Else at the lower side, it has good demand zone at 24450-24150 range where we can buy BNF for the resistance level targets.
The channel bottom is marked @ 23400 level.
Note: Moving beyond...
ashok leylend target 26-09-2018
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