Only if price manage to push above 1730+
We may see an upside move in Asian paints as clearly seen in the chart it has touched the support and bounced back towards resistance and also seen a little volume spike.
As seen in the chart,
If we see market moving above 11130 we may see bulls attacking
OR
If we see market pushing towards 11015 We may see bears Dancing
Lets see and hope for the best
As we can clearly see, it gave a triangle pattern breakout then retraced to take support on earlier resistance and again trying to breakout. This can be a good opportunity.
=> Targets based on Fibonacci Extension
=> Strength (Bullish candles) with high volume.
=> Retracement back on low volumes
=> Bullish RSI
=> + price channel
IF NIFTY MADE :-
11156 + THEN UPISDE MOVE OR
11050 + THEN DOWNSIDE MOVE
If broke 11070 support (Trend-line) we may see a HUGE downfall,
But looks like the price will take a rest,
at support line and will bounce back towards the resistance.
Sunpharma looking very good. Today it has given a closing above a psychological whole number level and increasing volume suggests, this could breakout.
SBILIFE is in trading Range as you can see in hourly time frame .
SBILIFE already did several attempts to break the trading range formation but it failed .
Now the real question is why i am bullish on this still it failed to hold above trading range .
Because its above 200 SMA in daily time frame and if look closely you can see the bullish flag pattern in Daily...
