Predicting Nifty 50 Movement for Short term2 Cases:
1. Surviving Support Line 1 and breaking resistance Line : Expect Nifty to rally towards 11000.
2. Breaking down the SL 1 : Expect nifty to break down till 9000
Downside
Tamo : May be someaction in Tatamotors !Yesterday's afternoon session was good consolidation and on range break in Tamo, we will get good downside move. The trade setup gets invalidated if price crosses above the resistance zone 443's convincingly but we will be watching for reversal around the resistance zone for downside movement. Both ways are mentioned on chart, if all goes as planned we will be having target zone around 434's & on further trailing stops one can aim for 430's zone.
But whether to enter right at the breakout or on bearish reversal around resistance zone is something we need to check with our own trading plan to define Risk & then decide :)
Happy Trading !
Ajanta Pharma : Decreasing the DosageI'm expecting downside move in Ajanta Pharma, if your trade setup also confirms the same, check with your risk n enter !
