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Nifty has formed double bottom at the levels 10120 - 10130. On holding 10180 priceaction will move towards 10220 and 10250. If priceaction breaks the support levels 10120 - 10130 it will move towards 10060. Hit like, comment, follow and subscribe!
It has been observed that the price action dipped below the book value of the company, which is providing a good opportunity to buy as an undervalued company at discount of 20% from its book value. The price action dipped due to the recent down turn in the realestate market due to Government policy changes in recent year like Demonetization, GST and other. But the ...
Scrip has been moving in swings with three higher lows and three higher highs for 75 days, henceforth validated with time duration and trend and it managed to retrace back quickly after breakdown from ascending channel prior.
As the symmetrical triangle extends and the trading range contracts, volume has also started to diminish. This refers to the quiet before ...
JetAirways has landed in crucial support line, breaking that it may slide to 445.
bouncing from the support may take this upto 505.
Indicators favors long
RSI & MACD Made divergence.
BB squeezed down and look like upmove set up
Strong Trendline Breakout
Also, Breakout from Pole and Pennat Structure.
Positional Buy with SL of 494
Ultimate Target as per Pole and Pennant Structure is 700
Immediate targets 600,640...
For Tuesday 24-Oct-2017
BankNifty Spot
Above 24142.5 Go Long For Targets 24202.4, 24229.2, 24290.5, 24369.5, 24402.7, 24456.2
Below 24035.3 Go Short For Targets 23975.4, 23948.6, 23887.3, 23808.3, 23775.1, 23721.6
For Weekly Levels Please Visit
https://in.tradingview.com/chart/BANKNIFTY/nFoPvsVd-BankNifty-Weekly-Daily-Spot-Modified-Fibo-Levels-23-27-Oct/
For Tuesday 24-Oct-2017
Nifty Spot
Above 10202.3 Go Long For Targets 10221.9, 10230.7, 10250.7, 10276.5, 10287.3, 10304.8
Below 10167.4 Go Short For Targets 10147.8, 10139, 10119, 10093.2, 10082.4, 10064.9
For Weekly Levels Please Visit
https://in.tradingview.com/chart/NIFTY/fEfKShEg-Nifty-Weekly-Daily-Spot-Modified-Fibo-Levels-23-27-Oct/
