Hello, This is my first ever published Technical Analysis.
According to my analysis the price will go up.
We should take entry at 3262
The target should be at 3340
Stop Loss at 3234.
Note: This is just a Technical Analysis if by any chance my target doesn't become reality and you lose money then I will not be the liable person for your investment on any...
NIFTY 50 EOD ANALYSIS -06-08-21
Open / High / Low / Close
16304.4 / 16336.75 / 16223.3 / 16238.2
Trading Range Low to High: 139 points
Likely Max Realistic Opportunity @ 50%: 69.5 points
India VIX: 12.61 / --2.02%
FII DII activities: -680 Crores
CHART BASED CONCLUSIONS
Nifty made a slightly higher low but a slightly lower high.
AMZN was Testing this level since Sep 2020, which recently had a Breakout @3575 Level. The Pull Back is also Complete and the @3575 Levels are tested.
This level was very strong Resistance for AMZN Price, which after breakout technically got converted into a Strong Support.
Might Think of going long with Stops around @3500.
Do follow for more trading setups...
After locking a new ATH stock needs some correction to refuel to further continue the journey. One can short once the trend line is broken for the support levels as the targets with the strict stop loss.
Bullish above 1903 Amazon (My recommended Point).
Till 1854 accumulation level for Early birds with CMP.
SL 1830 Close Base
Target : 1974, 2036, 2122+
Risk is yours and Reward is too yours.
As You Know AMZN Falling very fast and trying to reached on support level Around 1600.
then we have a great opportunity for long Buy Position Between 1600-1620 and take profit 2000.
Becoz As You know AMAZON is a Biggest and Fastest Growing Company in the World..
Let c .....
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