#CNXINFRA trading above Resistance of 6322
Next Resistance is at 8998
Support is at 5312
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Nifty Infra:
The Index was consolidating from April' 09 - Feb' 21 within a channel of 2164-3729 as upper and lower bounds respectively. After Feb'21 the index broke out from it's 12 year consolidation and had a steep surge to 5381 levels as 42.54% gain within a year on monthly charts.
Since January 2022, the index has been forming a Broadening Wedge Pattern in...
LT on higher Time Frame of Daily have Just broken a very Long imp trendline and then on shorter period is performing a Triangle Pattern.
Breakout on Upper side is expected.
Also if Nifty Infra Breakout from a long resistance of months. This can surely be a good strong move.
Note : This is purely for a educational purpose. Do not trade with this . Do your due...
CNX Infra NSE:CNXINFRA
Infra Stox are some of the most volatile bunch. To be tracked and traded individually, roughly, we may expect 5-10% upside from current levels and then doom!
All PA logic and levels are on the chart.
CNX Infra is showing fatigue on a weekly chart with a massive downside. Pay attention to its components. Counters within are subject to sell on rising, rather than buy on dips.
#DLF
#Godrejproperties
#Obroirealities
This is follow-up on Nifty Infra. Can check link to related ideas.
Target 1 achieved. Gain of more than 40%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
NSE:GRASIM
As whole market took a good correction , Grasim took a correction of
16% from its ATH. it took a trending resistance while coming down and
Broke it recently as well as gave breakout to the consolidation of past few
Days and seems very bullish and shoes a great opportunity for buying.
Addition to this CNXINFRA(NIFTY INFRA) has also gave a sectoral...
