On Friday Nifty tested its lower level of its supply zone 9330-9600 but failed to close in this zone. In this coming week, 9330-9600 may act as a resistance and in any case, if it will manage to sustain above this zone then the next major supply zone @ 9850-10000. 8800-8950 is a demand zone on the downside.
On the daily chart next supply zone @ 20800-21500. If it manages to close in this zone or above this zone then the next supply zone @ 21750-22500 and the major supply zone @ 23900-24750.
On the daily chart minor supply zone @ 9320-9480 and strong supply zone @ 9680-9900, On the downside short term strong demand zone @ 8650-8850.
SBI cards under major consolidation Move hits lower at 500 Rs in last three days given good break out today and yesterday and now consolidation in the range. As per govt orders the partial lock down will start from 20th April 2020, starting all E commerce Companies which are majorly run on the credit card payments Mean Customer can purchase on line orders from...
adani ent near it's weekly trend line resistance zone,next week going to b interested for short seller... once we entered any trade in adani ent wil update here.... please share like and comment yours KING999
cuphandle broken in UJJIVAN on 15 min chart, it may reach updato 225 in short term.
I am posting these chart as my learning stage, most welcome for your suggestion
A rising wedge is a chart that suggesting a reversal pattern frequently seen in bear markets.
From 27 Oct 2019 to 26 Feb 2020, Nifty 50 was range bounded where I think it was a distribution phase. 11614 was also major support (Price action) EMA (200 Days) was acting as support for a long time. It took support three times and then it broke its major support.
Chart is clear
Ugly movements either side from here ...so be safe
Bank Nifty may be strong in the coming days. It's a good sign if it will sustain above 19000-19300. Next resistance is 19650-21800. Data formation is also positiv in Bank Nifty.