VINDHYATEL has been trading near the lower end of the channel, as well as near 61.8 Fibonacci level. Further, it also has been trading near the 200 EMA. If it breaks the support zone, it may take the support on the two-year Trendline(have a look at weekly chart) before starting to rally in the upward direction. It may confirm either of the possibilities in the...
HAL has been facing resistance from 200 EMA from last few sessions. If it closes above the resistance level today, A potential up move has implied. (As volume for the day is already greater than the last 20 day average volume).
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BANKNIFTY TRADE SETUP
-INDEX WILL OPEN LOWER
-BEARISH ENGULFING PATTERN VISIBLE ON THE CHART
-CRUCIAL SUPPORT PLACED AT 21200-21250
-INDEX CAN TEST ITS 20-50/EMA PLACED AT 20655-20750
-BANKNIFTY REVERSED JUST BEFORE TESTING ITS 100-EMA PLACED AT 22570
-PROFIT TAKING ON THE CARDS
-LOOKING FOR OPPORTUNITY TO "BUY ON DIPS"
-AGAIN TRADING THROUGH OPTIONS TO RIDE...
NIFTY TRADE STEUP
-SGX NIFTY IS SHOWING A NEGATIVE START
-YESTERDAY WE SAW BEARISH ENGULFING PATTERN AND CONFIRMED OUR PATTERN OF RISING WEDGE
-TODAY INDEX WILL GAP-DOWN AND TEST OUR PREVIOUS CRUCIAL LEVEL OF 10160-10030
-I WILL ALSO UPLOAD THE 30-MIN CHART
-TRY AN UNDERSTAND I AM LOOKING AN OPPORTUNITY TO BUY THE DIP
-THOUGH I AM OPTIMISTIC I AM NOT CRAZY