As we can see NIFTY is back at where is started its move and broke out of an inverted head and shoulders pattern. It has come back to the neckline of the inverteed head and shoulders pattern which can act as a good support and also multiple reversals has been witnessed at these levels hence one should look out for these key points before making a position
target expect as 235.9 fibonacci retracement level of 50% and the fibonacci retracement extension level of 0.618
NSE:NIFTY prediction for shorting next month as nifty is headed for next monthly demand zone
As we analysed that BANKNIFTY might continue its weakness as we saw a trendline rejection which clearly shows the diwntrend of the BANKNIFTY and hence as we analysed we can see more than 800 points down from top and heading towards next support which is 34360 and 36500 respectively which is more like a psychological support hence any weak opening can continue...
As we analysed that BANKNIFTY will gap down tomorrow and remain negative throughout the day! We did see 500 points down from our psychological level and important resistance and now taking support at another psychological support which is 35000 level hence we can expect a sideways to slightly bullish market tomorrow if opens strong but if opens weak and below...
We can see BANKNIFTY has closed strong showing bullisheness but it could be a trap inviting more buyers as the trendline resistance is more emminent and so is the psychological level of 35500 hence any weak opening could lead to weakness in BANKNIFTY for tomorrow on the other hand we can see some good move if sustained above 35500 in spot chart in upcoming trading...
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NSE:HEROMOTOCO The auto sector have been outperforming in such a bearish market. Most of the auto stocks have broken out of different resistance one of them is heromotoco it has raised well and now consolidating near previous swing high and forming a continuation pattern if it crosses 2810 then A new 2nd bull leg is expected. all levels has been mentioned on...
NSE:KOTAKBANK It is Short term trade. The stock has taken support in recent days . If it take pullback we can see upside move First Target is o f 1836.a nd second target is at 1950. This educational purpose.
NSE:PEL It is short term trade. The target of 1890 in short term. The stock is support zone on daily charts . This is for educational purpose.
As we can see we can see BANKNIFTY still in downtrend in bigger time frame and maintaining itself below the trendline acting as a great resistance and multiple reversals can be seen from that very trendline! Level to watch is 35500 which is also a psychological level and hence we can see a good rejection from here and continue it's downtrend
AMBUJA CEMENT formed Flag & Pole pattern on Weekly & Daily charts. and on small timeframe facing resistance with a falling trendline. It may give larger targets on positional trade.
As we can see NIFTY finally broke out of a trendline and also out of an inverted head and shoulders pattern but now closed at very important resistance which had acted as a very stromg support with multiple touch points before and hence if any chance nifty opens weak we might see some retracement tomorrow
BANKNIFTY did exactly as we analysed and has also successfully filled the gap taking the neckline as support now we can see BANKNIFTY resisting at 34400 as the gap has been filled and is an important closing hence if BANKNIFTY opens flat to negative we might see a good downside movement on the other hand if opens strong we might see 34400 acting as a good support...
A very good setup formed on a of Multi TF level. A must stock to trade for a mid term to long term swing trade. RSI also looks good on all frames so its a must be in your watch-list ! Disclaimer applies.
NSE:RELIANCE The stock is at support zone . Target 1 is 2532 and final resistances 2660 This is educational purpose.
As we can see banknifty is testing its support after the break of its inverted head and shoulders pattern above and closed around its neckline making it a very important level as any weak opening and sustainment below the neckline could lead banknifty to become sideways but it opens flatbto strong then we can again see a good buying
As we can see fresh breakout has been witnessed in banknifty after a week long consolidation and hence we if see more of a weak opening, we might see banknifty taking support at its neckline and fresh buying positions can be made from that very avting support! mect immediate psychological resistance is at 34000 which might act as a good resistance hence close...