ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE . 620-622 CAN ACT AS GOOD RESISTANCE; SELL IF THE STOCK IS NOT ABLE TO BRREAK THE LEVEL WITH VOLUME The indicator used: 1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts 2) TE-REKAB - PB : PULLBACK If you like the analysis,...
Break and re-test with volume pattern . An up-move till the next important price zone is expected (36 to 40%).
LEVELS ARE ON THE CHARTS.
bank nifty is forming a elliot wave formation.....right now bank nifty is in consodidation mood....if it break the first trendline..thn we can see downfall upto 29000 and thn to 28000
Yes bank turns a buy for MACD Indicator as Care has upgraded the various bonds , can place assurance upto certain time on Yes bank Right time to buy target 25.30 for long term
we can go for short after breakout
WITH CONTINUATION FROM DAILY TO 4 HOUR TIME FRAME - THERE SEEMS TO BE DESCENDING TRIANGLE FORMATION CURRENTLY ITS TAKING SUPPORT @ TREND LINE OF FORMATION A BREAK BELOW - FALL WHICH WILL COINCIDE WITH DAILY FRAME ANALYSIS. IF NOT CAN GO BACK TO RETEST NECK LINE ON WATCH-LIST NOW disclaimer - join your own study to enter a trade
Bears will be in control for few days
Here is how it is going to be downward trend . Clearly the gravestone
BNF is making fresh high in the last week. Lot of pundits in the market are bearish on Bank Nifty gains in the last week but the market is all more pushing itself up to new high. Biden Victory has added more fuel to market gapping up on 9th Nov over the parallel Channel respected in the last few months. Will this sustain or will we see a retracement? If it...
The NIFTY is raising up continuously which practically requires some Retracing or Correction for Certain Limit. So its predicted to be Bearish for tommorrow.