Support and resistance lines are drawn.
The price took support from the trend line. Long position can be taken, watch out for bank nifty before trading.
Possible support and resistances are given, place targets and stop losses accordingly. Trade in the range or wait for a breakout below the range.
Above Mentioned : Red lines - Support - 190 , 183 Green lines - Resistance - 202 , 208 Buy at support line with candle confirmation and sell at Resistance line. And careful , about Rising wedge.
The possible support and resistance are given. Trading the small range breakout is advisable. With lockdown in some states, the price should further go down. This could be a possible pullback, but with the lockdown restrictions in some states and increasing coronavirus, the sentiment of the market could result in a red candle day. As the big support is broken on...
Possible support and resistance lines are drawn, place your targets and stoplosses accordingly.
Next week crucial for bulls and bears both ... Any fall may be severe
Has been range bound for quite sometime, can give a good breakout soon. SL as per risk appetite, targets 1450 & 1500
After a 52 week low of 149.45 the stock has changed the bearish trend and have been bullish This is just my opinion, i am a newby in the market Let me know in the comments what you think of this analysis
Bank nifty in triangle pattern ..safe player wait for breakout. Other players can go for long in entry point. Have a profitable day By Aadhan Trading
So clearly you can see by the box visual, don't have musch to say about the moment of the stock. Since the stock is not very old listed it is repeating the it's previous chennel zone.
It has formed an ascending triangle pattern. I am suggesting an aggressive view here. It has the strong support of higher volume levels. Buy at the current level of 349.10 Target 1 -379 (Upper line of Triangle). Target 2- 399 ( If it breaks 379 level with a strong green candle and high volume then it next plausible target. There is resistance of R2 pivot point...
we can wait for pull back or otherwise can enter current market price... Target your self
SBIN tried too cross 200 level many times in past few months and fails, again it is near 200 level , therefore I consider this as important zone. however if it give close above 200 , new level will open for SBI. NEWS : Since news are bit positive for the short term for banks it may surely touch the 200.
Above shown in rectangle is a Rejection area. if it crosses it then there is no backwards. It may directly aim to R1. Bullish trend overall. Trade according to support and resistance levels.
Our "TPS Trend Trading" Tool Prediction Of 22 Jun 2020 If Break Resistance Go Long or If Break Support Go Short
Still stock price travels on the handle portion (long handle) Waiting for support from nifty side.... Also travel on Descending triangle pattern looks for short term bullish breakout.... Give u r likes and opinions...
Kotak bank is weak from last few day. Just wait for tomorrow morning candle to confirm whether it is false breakout or real breakout. We can check it buy many crossover of MA and EMA. If it is false breakout there could be potential upward moment but it have 2 resistance.