Price is on a high move to the bullish side based on past events, now I expect price to break it's recent resistance zone and test it before heading to the 0.95500 zone.
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Thanks and have a great week.
Another beautiful Chart of Indian Stock Market, KEI Industries is too eager to cross its 52 Weeks high of 1730.95 and set a new all-time high. On 1 Hour Time Frame, it has already broken the resistance at 1678, with price action after breaking the TREND LINE at 1645. The entry level is 1685 with SL of 1673 and the chart is all set to make a new all-time high while...
Potential break out for Bank nifty if it sustains above 35500 in 1 hr candle. As you can see candle is at the top end of a wedge pattern in Long term and a reverse head and shoulder pattern in the short term. This can get Nifty to all time high in the coming weeks. Fingers crossed.
It looks like its about to start Wave 3 which should take it to 300+ and later to newer life time highs.
One can accumulate it at CMP 170/- with very conservative SL of 110/- and it shall give good risk reward opportunity.
Nifty View: Big boy RELIANCE delivered exactly when it mattered the most. It’s like how Virender Sehwag always tried to hit a century with a six. Nevertheless, the benchmark Nifty index has now hit a new life high on the back of high momentum and resilience. The gap up in today’s trade was held pretty well throughout the day’s session, which is a sign of...
Company With Good Fundamentals Having a Good Continue Uptrend Which Is Going To Breakout it's Own New High Level's,
It's Above The 15 EMA & 180 Simple Moving Average Line. Expecting A Huge Movement From This Point With A Target Profit @ 720
& A Stop Loss @ 578.
It is been observed that the price action is breaking out from the previous resistance levels of 430 and made a new high at 437, which is indicating bullishness and further prices should go up.