In its present down move support likely to come around 2350
If bearishness persists, support may come around 1830-1850
There is a minor support at 3950. One hopes that the said support holds, which will be known in the next week.
Tomorrow it should close above 1385 for any upmove there after.
Bank nifty looks good for positional short, as its forming inverted C&H on hourly chart. CMP-30680, looking for targets of 30200, 30000 & 29800 with stop-loss of 30875
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.
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.
However in case of any down trend, support will be found at 180, a very strong support
Break out can be seen if it crosses 470 and remains above it for a couple of days.
Today's low is likely to be respected for now. May turn bullish now.
After a sharp correction, Havells has recovered to form a W on the daily timeframe. A look at volumes indicate that the counter has been attracting buying interest at lower levels as is evident from above average volumes. On 18th Feb, there was a perfect reversal candle followed by a strong green candle confirming a reversal. Presently, the stock is at a...
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.
Sustaining 12060 - 12080 will make the price to move towards 12120, 12180, 12260 and 12320. Bearish below 12040 for the targets 12010, 11980, 11930, 11890, 11860 and 11820.
Currently, the stock is pushing above the 38.2% retracement of the month high to low. Last 3 -4 candles have exhibited higher lows with similar tops. Volumes have been high and there's a lot of accumulation at these levels. Market Facilitation Index is indicating a reversal of the downtrend. Also, the stock has settled comfortably above a Gann resistance...