As expected, nifty gave a slow move towards upside and the same we expected.
@Today
It broke the channel but was not able to sustain above it and came back in channel at the end of the day by forming the upper shadow, this upper shadow shows the sellers strength at the level.
one more...
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Appreciate via Liking and Commenting , which boost up my moral for More Post with perfect Entry Exit Target setup.
Wait...
MARKET DOES NOT LIKE GAP SO NIFTY FILLED GAP OF 200 POINTS AND TOOK SUPPORT AT VERY CRUCIAL SUPPORT AREA 11380 TO 11420...NOW IF NEAR TERM RESISTANCE OF 11500 TAKEN OUT THAN NIFTY CAN BE EASILY GO TO 11670 TO 11700 LEVELS...IF NIFTY TAKEN OUT 11380 VIEW WILL BE INVALIDATE
As shown in the chart stock make good base at bottom also give good bullish divergence at the bottom and now ready to fly above 2070 with target of 2100 to 2120
Currently NIFTY is reacting from a FLIP zone, however the approach towards the zone was Compressed price action. Compression are often designed by institutions to "keep the path clear" for a swift opposite movement of price.
-AlphaT
As per the analysis, market in a neutral zone.
This SUPPORT & RESISTANCE works live and expect a bounce back to that levels.
For 9th Monday , there will be a Shorting Opportunity if market open and close BELOW 27250.
For 9th Monday , there will be a Buying Opportunity if market open and close ABOVE 27250.
SELL AT HIGH , BUY AT DIPS.
Short on Second Break, Target Trendline Support, SL previous swing high
Although inside demand zone, expect movement till trendline support before an upswing in Monthly time Frame
After a decent pullback from its recent lows 5446.05 now at resistance at around 6300 level.
This makes an ideal short from today's closing price 6208.55 for a target of 5720 & 5450.
View negated above 6350 (Stoploss)
Falling nearly 10% yesterday, the stock is exhibiting some fight back by gaining 5% (at the time of posting). The bounce was helped by demand zone between 3360 & 3375 where we could also observe 50 SMA level. That justifies the bounce technically. Currently the gain has run in to level where it appears to shown some loss of momentum partly because of the...
Bharti Airtel has been on a good run recently. Technically, it's trading along a rising channel. The current price i.e. closing price on 4th Jul of around 362 has run the stock in to a strong resistance area spread between 360 and 365. For the recent bull trend to sustain, a break in closing basis above that resistance area is critical.
From technical stand...
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