Nice 4.5 RR opportunity (i.e. 3.88% profit) potential
About 4.5 RR available i.e. 4% profit
Long opportunity on Glenmark Pharma. Good 4.8 RR possible.
There is an opportunity to short LIC Housing for Daily Income trade for about 3.5RR
nifty at support from several trend , bought nifty based on the multi trend support
#CUP & HANDLE PATTERN FORMED #FOLLOW US FOR DAILY ANALYSIS
NSE:BANKNIFTY strong resitance 33571 if break will retest and move upside if break 33270 will retest nad move downside LETS SEE WHAT HAPPEN
Today will be slightly gap up opening in banknifty. Expected opening near 34400-34500 level. Possible after gap up it will face resistance at 34400-34500 level and take reversal downside towards the 34000 to 33500 level. Upside only possible if it is trading and sustain above 34550 level.
i have provided drawings of simple supply and demand zones on the banknifty charts. if you are a new trader you can also interpret as support and resistance lines.
On 15th Nifty formed Bearish Quasimodo Pattern Disclaimer: Just for education
NSE:NIFTY Nifty looks bullish above 15339 but may show some retracement at 15400. Happy Trading !
If Britannia breaks below 3600, 1st traget 3500 and 2 target 3400, Current view Sideways to bearish
good volume in the right shoulder. if closes above 710 in 15 minutes timeframe, Buy target 1: 714 target 2: 719
BHEL is forming a nice base to launch itself. Above 45 it would quickly race to 70 before consolidating again for further upmove.
See morning market movement and take a trade accordingly, min until the opening of 2 candles.