Finally Nifty closed in the major supply zone @ 9365-950. On the downside short term major demand zone @ 8850-9100. If Nifty will sustain 9350 which is a lower level of its supply zone then it may test 9500 which is a higher level of the supply zone. Supply Zone is very wide so it is difficult to get a valid technical stop loss so I made a short position...
REC has always been in a tight range. Now at the multi year support line. Play the range 88-121. Dividened is additional bonus.
IRCTC A GOLDEN STOCK HAD A DREAM RUN SINCE ITS LISTING IN NIFTY ( AGAIN AT IMP JUNCTURE CAN BE A MAKE OR BREAK LEG FOR THE STOCK) !) Stock Trading at a very imp support line which is at Rs 1250 from this move only stock had a dream run to 1950 level 2) Can be a make or break leg of the stock 3) Had a down side after strong buyer pack moves 4) Inverted Hammer...
Buy 495 SL 485 TGT 520 Educational only. For my personal observation.
for personal eperimental observations
will wait for either side break thing dont look easy as they seem confused set up for me
Educational Purpose.
It has reversed from a Bearish Harmonic Alt Shark in hourly time frame and done a min 38% retracement. There is a possibility of a trend line breakout ONLY if it manages to break "above 328" for 360 where it has a Bearish Harmonic Butterfly. Failure to cross would see continuation of retracement till 50-62%
Bank Nifty trading in the trend line channel. On the upper side major supply zone @ 21500-21800 and downside short turm major demand zone @ 19000-19200. Also, there is trendline support near the demand zone. In any case, if Bank Nifty will break and sustain below 19000 then minimum 1000 points downside range will open. The yellow zone is an OTM option...