Buy SBI if the trendline is broken with good volumes. TG 1 can be around 195-196 levels and if that level is broken then it can go till 210-215 levels.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
Rallis India made a triangle patter and likely to hit 256 soon on back of the agri reforms announced. The stock has shows good recovery from the recent lows and my hypothesis says it will keep going up till 256.
NIFTY IT: WEEK-TECH-SHEET->22nd April 2019 to 26th April 2019
NIFTY IT moves around +465.85 pips from 22nd April 2019 to 26th April 2019, in which nifty IT break last week 15th April 2019 to 19th April 2019 top 16177.85.
REMEMBER NIFTY IT BREAKS 2018 TOP: 16360.60 (OVER ALL TOP)
Nifty has corrected around 50 to 61.8% Fib Levels for previous upmove. Once the Price Breaks out above 8110 Nifty gives a Buying Opportunity for the C wave up move towards 8400. I will be buying Nifty @ breakout above 8110 with stoploss below 7980 for Target of 8370/8400. If the price continues to go lower below 7920 and make new lows then the above analysis would...
BANKNIFTY another interesting study. we may use this channel for the next few trading sessions. channel support comes near 19950 zones.
respected the upper channel line for multiple candles. looks like a good shorting idea below 20230 spot.