Crossed the strongest resistance line with a strong move yesterday. One may go long with a support at 208. The support line should not breach for a couple of days for making a good base there.
first resistance is at 704.7 second resistance at 714.65
will bank nifty drag nifty index.
taking 1 as 100 we can find that 111 = 11100 and 106 = 10600. these are important gann numbers lying on cardinal cross and diagonal cross of gann square of 9. in nifty 50 these level worked well. when nifty was at 10600 it took many times support at this level. 10850 is the mid point of 11100 and 10600. at 10850 level we can see nifty took many time resistance...
Price Action Analysis: Nifty advanced for the sixth consecutive week and formed an up bar on a weekly time frame. Price recorded a new high at 11240 and finally closed at 11195. The previous week price bar was a bullish outside bar. With a bullish outside bar we formed a bullish expectation. The bullish expectation was confirmed with price breaking the high of...
Last tuesday made a break out and closed above resistance line and the last week it played by the copybook playing around the resistance line and weekly closing was above the resistance. If it manages to close above this resistance at around 300 in this week we may expect a target of 590- 600 by August end
Support held it for the last couple of days. In a weeks time it is expected to cross and close above 298-300 for any further up move.
Watch out for a level of 120 on Monday.
Likely to consolidate till 3rd week of August unless to closes above 500-510 in the intervening period and stays above these levels. Then the up move will come.
Expecting to close above 127 by July end.Consolidation is likely to be concluded and fresh up move can be seen with a target of 164 September '20
Trade given on NASDAQ stock exchange MICRON TECHNOLOGY hit our first level of wd gann see if it hits another level or reverses from here.
MU is bearish today. let us see what happens next.
Immediate resistance at 235, if crossed, intermediate term target is 290
Short termbullishness may take the scrip to a level of 600 in, say 40 days
Support at 712. Resistance at 740. Consolidation period will be over shortly. By tomorrow afternoon movement will be seen. It is a long term hold for substantial return
Immediate target will be 637.A resistance created on the basis of double top at 642 (purple horizontal line) may not hinder its further up move for the reason that a deep bottom was formed after formation of double top. Extremely bullish chart in all form.
Target 444 by the 4th week of August and if it is achieved, fresh bullishness can be seen