bank nifty trade on support ........buy with todays sl...cmp 19750
NIFTY has been moving in a channel in the pullback after the big fall. looking for nifty to hold channel and go up..
Indusind is making higher high in 1hr chart Try to go long at support trend line
Currently trading near resistance so good shorting opportunity. On daily chart we have pin bar so double confirmation.
Bank nifty is facing strong resistance @23400-23700 level Supply zone is @ 22275-22600 Demand zone @ 20950-21180 Demand zone @ 20000-20360 Strong support @ 18560-19050
Putting SL Limit
GSK will be doing a stake sale tomorrow in HINDUSTAN UNILEVER the price could be between 1950-1850. As per Harmonic Trading Pattern study 1825-1850 has a bullish Crab. It also would be a retest of the rising trend line from where it had made a Bullish Cypher earlier this year. The reversal from high's was picked via a bearish Ichimoku set up which had completed...
I'll short this once the current resistance is broken. Looks bearish to me since there's imbalance. Let's see!
HUL after its mammoth run for the last few years has formed triple negative divergence on monthly charts.
Nifty What Sector? (Will Hind Unilver Shine Again) Nifty FMCG Sector is in on crucial stage again in this week will it again shine again in coming week , let see , indications or probability are strong that this sector will again shine in coming weeks as are major stocks showing the same directions in this sector . Last 21 days Momentum has decreased also...
Nifty is trying to form a H&S pattern. If it succeeds then we see upside.