Private sector banks are being dragged down nifty. Specifically HDFC twins.
Market can be range bound between 18045 to 180145.
Buy above 18147 (18100 CE) Target 18184,18367
Sell below 18045, (18100 PE) Target 18002,17944,17887,17858
Nifty weekly candle stick pattern indicates Head and shoulder pattern as well.
Bank Nifty is Super Bullish and not very far from ATH
Zones & Levels Above - 44151-136, 44033, 43807-867, 43512-614, 43268, 43013-087
Zones & Levels Below - 42582-668, 42269-364, 41962-990, 41564-613
Short Nifty @ 17950-17970
Target 17709-17587-17431-17207-17124
SL 18100 (stay above for at least 15 min.)
CMP @17955 April 28, 2023
Chart by CA Savita Rehlan
i'm looking for only up move in nifty and high chances to touch 17900-18000 retest level
then turn to touch all time high and make new all time high
suggestion from my side
every dip is buying zone
best area for buyer is 17900-18000
with sl of 17500
for targate 18900-19500-20000+++
#UPLltd 'hourly' Elliott wave counts
forming a good impulsive pattern (1), (2) after completing the triangle ABCDE.
Nearly 20% move can be expected to upside with a Sl of 687.60
Risk Reward ratio of 1:4 from here.
Gold Is Ranging. Gold Is Ranging between 2010 To 1975 Level. Wait For Break out For Long Term Trade. Keep Manage Your Trade in Range . Good Luck For This Week.
A nice bearish engulfing bar patterns occurs at strong resistance level. Confirmation shows that this pattern occurs below trendline which is known as breakout. Maybe it will be reach suppoert level. Better go for SHORT option.
