POSITIONAL LONG RANGE 14.50 TO 10 SUPPORT 8 (weekly closing basis) UP-SIDE 150 170....
Last week candle was not able to sustain above its supply zone @ 21150-21800. Even it failed to close in this supply zone. On the downside, there is a demand zone @ 19500-19650 and weekly close is above this zone. In any case, weekly close below 19500-19650 another 1500-2000 points downside range will open.
Weekly Close Above 100 then will start again uptrend and now this time we will see 280....
Will History repeat itself unfolded in the Past of DJI in 1929 ( Like wise same patterns are reflected in Nifty which happens in DJI in 1929 _) 1) Climax which shows the starting of Wedge pattern 2) Rising wedge Pattern which happens same in DJI in 1929 3 ) very near to climax of the Wedge pattern 4) Now Down ward will start like which happens same in Nifty...
Will History repeat itself unfolded in the Past of DJI in 1929 ( Like wise same patterns are reflected in DJI which happens in DJI in 1929 _) 1) Climax which shows the starting of Wedge pattern 2) Rising wedge Pattern which happens same in DJI in 1929 3 ) very near to climax of the Wedge pattern 4) Now Down ward will start like which happens same in Nifty...
NIFTY Look like immediate down to 8960 and pull back to 9450 .
This month candle is facing resistance @ its major supply zone @ 9275-9460. On the downside, there is a wide range of demand zones @ 7750-8460. Below 7750-8460 there is a major demand zone @ 6550-6850. I am not expecting this month's Nifty closing above 9460.
SUNPHARMA.. on the monthly charts has formed strong candle (thought one more week to go) with high volumes. April 2020 candle engulfs last 16 months candle which is highly bullish it is still to cross its resistance trnedline on log chart as shown considering the reversal this month and its fall from life highs, looks like long term correction is over and looking...
BUYING RANGE 145 TO 130 UP SIDE 500+++
BEARISH CROSSOVER IN STOCHASTIC INDICATOR RSI ALSO COMING FROM OVER BOUGHT ZONE ENTRY BELOW 356.2 STOP LOSS - 372
NEAR TRENDLINE READY TO BREAK STOCHASTIC GIVES BEARISH CROSSOVER ENTRY - BELOW 1626.2 STOP LOSS - 1679