Next week range 1065-1195. Support of ascending 1/2 angle exists at 965.
Range 4300-4650. Support of ascending angle 1/2 is at 4025, which is unlikely to be broken.
An important descending was crossed this week. Expected to move up to 480 before it meets resistance
The steep rise in the stock price tells that the stock is ultra bullish in its current trend. Please watch out for a level of 74.50 which if is crossed, then more rise can be seen up to 100 without hindrance in this run up.
Long PNB cmp : 89 Strict SL : 80 Target : 100-110 Duration : 15 days
If the 1/1 descending line is crossed on closing basis next target is 223 in short term. Medium term target 270.
Support at 14.55, short term target is 19.10
After reaching 939 in December 2017, the stock has moved down consistently to level of 333 on in Mid July 2018. Since then the stock has started upward movement and has crossed ½ descending angle two days ago and yesterday closed 487.75. Next target in short term is 540.
Today it rebounded from 2/1 resistance line. We do not know if it will consolidate or break out. It is better to watch 2 to 3 days to see if it crosses 2/1 resistance line convincingly.
Venky's coul not cross resistance and closed lower. Likely to cross and cose above 3205 on monday. Next target 3950.
A beautiful W formed between support and resistance. It is likely to break out of resistance at 815 today. If it manages to hold 815 for couple of days, 1225 can be seen in medium term.
May go down to a level of 350 in this down trend/ consolidation, where there is 2/1 support. Medium term target is 425
Turned bullish. Support at 2130, target 2475
But on the back of blockbuster result the resistance will be broken tomorrow, for sure. May I make an estimated target price prior to next Q result? 1225 or more!
Near term target 165-168. Major support at 118
Consolidating at intermediate support which is 8/1 angle and 4/1 angle bisector. Medium term target 430 by mid October. Last 8/1 support is at 275
Nifty-& Banknifty Go Short from 2nd August Till 8th of August or 16th of August. Nifty minimum target For 10850 Banknifty Minimum Target 26500 All the views and contents mentioned are merely for educational purposes and I do not recommend to trade. I do not accept any liability/loss/profit occurring from the trade