it's the make or brack level for nifty as seen on chart.we can short the market after brack of 41200 and will go long after it brakes 42000.
i am not sebi registered broker. take this idea only for educati0nal purpose.
DLF has reached at a critical level from where it has given a
bounce 3 times but this time RSI is not oversold so there is a chance of breakdown.
If, breakdown is witnessed than short for target of 280 with a stop of 20EMA.
BREAKDOWN LEVEL :- 302
And, also can hold short till RSI reaches 27.5.
If, bounce witnessed than long for target of 345 with a stop of 298.
Double Bottom pattern formed and completed perfect 'w' in weekly chart, can consider Make or Break.
Already up by 12% since last 3 trading sessions, still need to travel 2700 points to reach ATH.
This Chart gave a breakout sometime back. Now again looking at chart it seems little interesting to me. I will post few different views that I found interesting.
Lets start with weekly chart.
A hammer on weekly chart means someone did push this stocks price up. but it may be a fake signal as well so adding to this i will show another view with the help of...
Nifty is in a great spot where it can go bullish or it will come down heavily.
Come key points for the published chart to watchout for:-
1. Nifty is breaking a box and retesting it and breaking again.
2. Every box difference or say high & low of box is getting smaller. ( Marked with green lines for the measurement ) What does this mean? for me it means it might be...
