Not much down side is seen, expected to tread above 400 and breakout possible above 488.
Support is at 405,however channel bottom may act as a support at 425. Target can be kept as 500 where the descending resistance will again be met.
Fresh break out can be seen if it manages to close above 609-610 in the next two trading weeks
Break out is likely to be seen once it conclusively closes above 4650
After the big correction, there is now renewed interest in the counter. The stock has been climbing and after correcting from a trendline resistance, the stock has broken out above the trendline again. Volumes have also been very high. There is a Cup and Handle formation. All indications now that the positive trend will continue. Go long..Price levels...
In the current scenario, the prices of crude oil are facing resistance between $ 42 to $ 48. The last time an institutional sale was made at this stage and I commented about this with a gap. Prices are stand with a divergence in the daily chart. After the crude oil inventory we can see a huge sell-off in crude oil if the price is with $ 42.
Progressive target with 11300 in the near term. For more targets, pls ping me directly. Same analysis is available for BankNifty and few shares. #Nifty
On weekly charts it is exactly at long term resistance, could be a reversal point
keep on radar! Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Buying opportunity (95% high probability that the ZN1 market will continue the uptrend )
Crude Currently in range bound. so Buy only at 2965 and Stop loss at 2943 Target 3038 / 3113 Sell crude 3057 and Stop loss at 3077 Target 2984 / 2895
As per Gann I suggest buy crude at 2971 and stop loss at 2943 Expected Target 3044 / 3070.
On the verge of breaking resistance today.Watch out for today's closing above 49.60 and check that the support line is held for some time.
We should watch out for 825 level. If holds, good for decent move.
Near term resistance at 14.70.If remains bullish, year end target will be at least 26.75
The momentum is likely to force the stock to cross the resistance at 1800 by the next 14 days.If it so happens then I will not be surprised to see the stock at 3560 by the December '21.
Holding support. Presently on the cross road of various short term, long term ascending and descending resistance lines and is likely to cross them in a fortnight. If these are crossed and the scrip remains strong, I see a target of 375 in a intermediate term.