Nifty Hourly View | Nov ExpiryNifty seems to be in corrective wave abc of B.
Price action making a complex structure. Price might oscillate between 24500-24000 supply and demand zone as shown in chart.
Directional move possible only above or below zones shown.
More price action can confirm the move. For intraday setup, shown a 15 min chart image.
Hourly
PRAJIND Hourly looking bullishPRAJIND Hourly has trendline breakout/flag n pole like structure, Good to buy at 429 for targets of 458 with sl below 419
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DB CORP --UPDATE --HOURLY CHART --FOR 13/02/2023
DB CORP --UPDATE - HOURLY CHART --FOR 13/02/2023
1. fall seen from 132 sub level from last few days towards 103 level on last closing session .
2. Consolidation on hourly chart 103 to 108 sub level seen .
3. triple bottom seen at bottom of consolidation 103 level consecutively .
4. LAST CLOSING HOURLY CANDLE IS HAMMER CANDLE
5. If this support hold on hourly candle , will up move towards 106-108
6. if 102.50-103 this support breaks on closing hourly candle , then will see breakdown bellow 100 level
** as this is make or break level .. watch is closely on hourly candle .
THIS IDEA IS FOR EDUCATIONAL PURPOSE only.
GMR INFRA HOURLY looking bullishGMR INFRA HOURLY chart having flag n pole breakout. 20 ema support.
Good to buy at 37.50 with sl below 36.90 for target of 39.10
Bindalagro Hourly breakout of zone.. looks bullishBindalagro Hourly chart has breakout of zone.. Having 200 ema support.. Good to buy at 30.60 for target of 34,36 with sl at 28.60
INFOSYS - Triangle pattern breakout - Swing TradeThe analysis is done on hourly TF hence price may take hours to few days in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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