Mahindra & Mahindra is in a descending channel at a double bottom structure at a weekly support zone. The RSI suggests a positive divergence. Target 1 - 566. Traders can maintain a stoploss of 540 Traders can look for further targets after 566 levels have been broken.
No need to write more about NIFTY. We have detected turning candle at value low.
Previous support existing at 28530 and intraday target 28342 of Chanel. Finally, intraday support is at 28340 nearby. We may see a pullback 11 o clock nearby. Refer to last research of BANKNIFTY.
HighLight tail with Yellow color at value low. -> Tail detect each time when price taken U-tur n. Wave counting 5 are completed. Gravitating price is at 11270 as target. Trade above 11150 will be target 11268-11280
Bata is in a correction phase after a strong move to the downside. It has developed a rising bear flag formation as seen in the chart above. Traders can look for selling opportunities after the trendline of this bear flag has been broken to the downside which is 1305. Target - 1253
Titan under consolidation in the weekly charts. Follow the breakout from the Fibonacci Channel created. Overall sentiment of the market is also factored in.
ghstocktrading.webnode.com BANK NIFTY: WEEK-TECH-SHEET->22nd July 2019 to 26th July 2019 Bank nifty moves around -764.15 pips from 22nd July 2019 to 26th July 2019, in which bank nifty break last week 15th July 2019 to 19th July 2019 bottom 29705.75. BANK NIFTY: Breaks April Bottom: 29435.05
ghstocktrading.webnode.com NIFTY 50: WEEK-TECH-SHEET->22nd July 2019 to 26th July 2019 Nifty 50 moves around -188.10 pips from 22nd July 2019 to 26th July 2019, in which nifty 50 break last week 15th July 2019 to 19th July 2019 bottom 11399.30.
First Look at yellow highlight candle with long shadow at ATTENTION part(i) and same formed on ATTENTION part(ii) . Now, pay attention to the whole part (i) which has a downtrend , same part (ii) is in a downtrend . I have marked with a light pink circle which almost common in both parts . After the long shadow candle , started U-Turn in part(i)....
try with SBIN buy 332-334 for intraday bounce 343, if abve it.. then 348-352
TECHM (Tech Mahindra Ltd) BUY ABOVE 660
Long term tight channe l since 2016. 3 excesses at the value and one excess at value low. 5 waves are completed. A previous Resistance and Wave(3) at 28227 (can be upcoming support). 50 days moving average is at 28080 nearby (too far for work as support). Measurement of all falls mentioned in the chart, as per this measurement expected current...
The 200 MA at 11130. A "Consequence zone " of all 3 fib. retracement at 11502 nearby. From the Fib. Retracement(i) and (ii), we detected 3rd Fib. Retracemet at 11200. (This is expected bottom OR revesal level). Point 1) Look at Fib. Retracement (ii) at start point which is exact at 61.8% of Fib. Retracement. Point 2) Now, loot at the Fib....
Bullish above 791 for 800 bears below 779 for 762,752
ESCORTS (Escorts Limited) BUY ABOVE 506
I will update BANKNITFY shortly. As per technically, till there is not much positiveness on nifty nor in banknifty. NOTE: For Live ALERT , Kindly hit LIKE button. NIFTY is following as per my chart. please check below post also.
Wait for Tail to trade. There're two channels , one is yellow which closed and another channel till final wave remain. A (5) wave projection is plotted on the chart with considering control price and no trade activitie s area. I have also used the timeCycle but did not add it here cause of complexity . Support as Value High at 1254 nearby. ...