Parallel Channel break Last 45 Min buying gap up may occur
Channel breakout reversal signs in higher time frame 1D chart Last 45 min buying stock will open gap up i can see short covering in Futures
1H time frame Resistance is broken and last 45 min buying happened Fut OI is above average
Last 45 Min Buying Volume is above Avg refer chart for levels Market may open gap up
Expecting a Gap up open tomorrow as per the chart patterns, if price breaks 23650 levels then 23800 will be the target and the price will test the resistance levels ( yellow box) once again in the coming week.
head and shoulder pattern formation chance of gapup and falling down
BANKNIFTY has opened GAP UP while in an upward trend from 21690 to 21900 levels
As discussed earlier price forming a pattern at the channel support and today it was like a constipation trade, expecting a break from the pattern and Gap up open is a good possibility for tomorrow open.
Monday's scenario - Flat > It has breached 8/1 Gann level which will act as support and the target could be 1/4 level which will act as resistance. Gap-up > It could face resistance at 1/4 Gann level and come down. Gap-down > It may lead to fall upto 1/8 level hence after that we may see a quick reversal.
The stock is likely to emulate the rally that happened by taking support ₹565 post confirming a run-away gap in early April. After forming a fresh gap-up last week, the stock holds on to it and the scrip is in a position to establish another leg of uptrend and form fresh all-time highs.
Expecting Gap up and Gap down... Probably Gap up
Nifty IT has seen a major bull run since past week & now rally is expected to halt on the backdrop of profit bookings. 1. Infy Gapup opening today on positive results. 2. Created a new resistance level near 933-934. 3. Fall to 78.6% Fibonacci retracement levels observed today. 4. Further correction to 50% level is possible since large gap supposed to be filled...
Now nifty currently in symmetric triangle patterin in 5 Mins time frame. Either it should break out up ward or down ward. There are 2 Scenarios. 1) If Nifty Gap up and break out the level of Previous day high @ 10836 it will target the level of 10880 2) If Nifty Gap Down and Break out the level of Previous day low @ 10713 it will target the next support level...
buying above 1062-63 target1 1080-81 target2 (strong resistance) 1111 Tip: "NSE:HDFCBANK"]NSE:HDFCBANK expected gap-up opening on Monday 29-June-2020
Using the concept of Elliot waves and NEO waves, considering the Fibonacci retracement and the trend channel, according to my analysis nifty will hit the levels around 10700, the last correction was nothing but a bear trap, i have already bought nifty calls for 10700CE while market was down. Disclaimer- This is just an analysis please take advise of your advisor...
The corrective Elliot waves as per my last analysis reached T2 handsomely. The bearish Marubozu should make Shorting a 'safe' bet. However, a gap opening may get us a doji instead as the stock is inside a strong S&R Range; and the stock sees high volume trading. A harmonic pull-back is also on the cards in the 174-175 range for an uptrend back to 200. I would...
Not much to say there but either way it will go big .