There are too many support and resistance levels on the Nifty chart which indicates Nifty will trade in a range-bound/sideways trend till the time major breakout happens. Good Opportunity for Options selling. Please Note - All the green lines mean the support zone/demand zone and all the red lines mean the resistance zone/supply zone.
ACC has formed a double bottom pattern at 1175 and also broken trendline on Friday. If tomorrow ACC and Nifty open on a positive note then ACC can go till 1210 and even touch 1240 if sentiments are highly positive for the coming 2-3 days. Also, watch out for support and resistance levels you can plan breakout trades if these levels are broken. Please Note - All...
Wedges, falling- 5 touch points. Breakout expected 815(downwards). S&R Levels 703, 628, 500, 334. Entry- As personal convenience S/L 886 Not investment advise- trade at your own risk.
Bharti Airtel had a nice move up. It rallied up to the heavy resistance region with decreasing steam. Would like to see a small correction here. I'll be a buyer at 515.
Forming a Ascending triangle on the intraday timeline. I'd like to see a retest at 1450s before reversing back up. Would provide a nice support for the move up.
ICICI Bank is trading range-bound since 10 AM. It has formed a box pattern on 15 mints chart. If price breaks this box with high volume then you can go long or short according to breakout. Also, do check price action near supply zone (red line) and demand zone (green line).
Asain Paints is breaking Demand Zone of 1680. If tomorrow prices continue to see selling pressure then Asian Paints can go till the next demand zone level. and that is 1630-1620.
SENSEX Recession Chart Bear Market Layout - Elliot Wave Corona Virus has affected us and Economy a lot which I think will surely lead to a Recession, As in 2008 recession, Market had 63 % decline from ATH which lead to housing market crash. I think the same will happen again for next 2 years. Good buying level to enter the market for long term is around 21000...
Buy FEB FUT between 230-240 and target for 259. Let me know if it helped ! (Please buy only when you see a green candle on closing basis.)
BANK OF INDIA: Banking stock specially PSU banks have kept up bank nifty. All PSU banks are strongly poised to move up. The prices have moved up from the daily TS, as of now the prices are inside the kumo, once a breakout is registered the Bank of India is expected to reach 83 levels, the next level of resistance. Till the prices are above 63 the analysis stands true.
NIFTY: Nifty made a lower close this week. The narrow range bar indicative of weak momentum in the index (however it doesn’t signal outright shorts) but longs positions should be tighten at this juncture. Correction may initiate below 11800, which may extend to 11400 – 11300 levels, at this point we can notice institutional support coming up. The RSI is above 60...
Looking to buy the stock for short term. Good Luck Hare Krishna !
In continuation of my previous post, there was a concern on the Nifty weekly chart, the RSI on the weekly charts was close to 60 levels. Now the candles on the daily charts in the last two sessions seems to pull breaks on the rally. Though the momentum hasn’t dried up on the daily, the price pattern is giving signs. 11785 is the gap area, a close below this may...
Hare Krishna!.. Happy to Sell when everyone buys... Good Luck!
BataIndia bullish buy setup. After giving a rally BataIndia was consolidating with a flag formation. One can buy BataIndia now with a stoploss around 1635 for a Target of 1850 and 1900.