Nifty long term charts look weak. Pullbacks can be used as opportunity to short. Supports for Nifty are 10600-10700 below this Nifty may test the long term support of 10k mark.
for the next week watch list stock
see T1,T2,T3....i see them
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In Daily Time Frame it has come into the PRZ of Harmonic Trading Patterns. Bullish AB=CD as well as a Bullish Reciprocal AB=CD. In Weekly Time Frame it has come to the strong support of an Ichimoku Kumo. Both appear to be in line between yesterday's low and 1120. It could retrace back to 1200-1225 if the support levels are respected.
CNX auto is at major support levels ..as marked. move below this months low will cause a big fall..
BANK NIFTY is showing clear long term negative divergence and also currently is breaking the rising wedge it has been within.. this month can be crucial for bulls
Reliance and also NIfty charts showing clear monthly negative divergance.. Reliance has been taking support at the 20 monthly moving avg the last 2 dips.. hoping to see a bounce here. Resistance levels are shown in blue dotted lines.
NIFTY on the weekly charts,, has cracked down to the cloud support zone and also the trednline connecting the previous lows.. might get a temporary relief here.. if the trendline breaks expecting a deeper crack..
It is showing signs of reversal from its PRZ zone of 2 bullish harmonic patterns - Deep Crab and AB=CD. It could retest 260-265 provided it does not go below 243
DCB bank can reach around 300 in next 14 months and much more. Always be humble.
NIFTY has broken 200 dma with a big down and no recovery seen dont rush into buy.. as lower levels are expected its a sure NO NO for investors support zones marked with dotted lines happy trading