March was indeed a good month for the bulls. The index gained more than 1800 points and recovered clos to 61 percent of the loss from the fall which started last October. However those who followed yesterday's price action wont be surprised that NIFTY failed to close above 17500 in the March expiry. Traders who wrote 17500 short straddles did indeed find that...
ZEE LEARN WEEKLY Chart shown technical indication bullish from current cmp 12.85
1.>Strong trend-line support seen at 12.12.85 level for potential 20.30 % target 17-80-20 level,
breakout above 20 can seen level 24-28
2> Support and resistance define on chart buy arrow marker
3> rsi seen OVERSOLD area where stock has tendency to bounce back .
BUY ZEE LEARN @...
NIFTY ON DAILY CHART technical indications.
1. Trendline breakdown seen nifty turn bearish formation.
2. RSI seen negative Divergence and lower low formation
3. possible bounce back from 16400 odd level .
4 . lower range of nifty at trading range 16200 and higher level 17500 nearest resistance 16800
5. unless 17800 break and close above NIFTY trend will be ...
ALOK INDUSTRIES -- positional pick on march 2022 ..
1> stock taken support on Daily Chart consecutive 4th time ..on chart seen up 4th up arrow around 21-22 is strong support area from where stock bounce back last 2 sessions.
2> RSI seen double bottom formation at support area
3> Potential upside is 20.30% FROM CMP@23.85 TARGET 27-30-32 with stop loss 20 Risk...
In a 15 mins chart bank nifty has formed a double bottom pattern at the support which was very crucial. Basically Double bottom is formed when there are buyers waiting at the lower area which faced the rejection and that acts as a support. When the upper resistance is broken it is assumed that it will go up untill the size of the pattern (Double Bottom)...