630 has been acting as strong resistance in the short time frame for Havells
on 15 Min time frame, it has made a perfect Symmetrical Triangle
for 3rds September if it is breaking 630 levels
Then we can expect below targets
T1 - 635
T2 - 638
T3 - 640 ++++
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BPCl has been taking the support of the trendline from 16th July onwards and bouncing exactly from the same levels
1- 420 levels has been a great hindrance in BPCL, check the area marked clearly on the chart % high lighted
2 If able to break this level and give closing above that level then the targets will be as below
T1 - 425
T2 - 428
T3 - 430
Support & Resistance Strategy .
Current Market Price - 24577.
It may touch 24787 which is hourly resistance and retrace between 24553 & 24428 .
Next target is 25183.
Lets see what happens next and hope for the movement in uptrend.
Disclaimer : News may affect the trend.
A rising wedge is forming in SBIN from the last two months. Clear rejection can be seen at the upper and lower trendlines
Chaikin money flow also supports the idea
Once the stock breaks below the lower trendline, short the stock
Target - 171
Stop loss - 215
Axis Bank has formed an ascending triangle pattern with major resistance at 458-460.
We can see rejection at the resistance for two times.
Once the stock breaks above the resistance, wait for the retest at the support levels to take a position
Target - 485-490
Take small but consistent profits to earn gains!
The in depth analysis has been explained in the chart itself. My whole analysis is on the basis of pure price action and no indicators are involved/used. Similar chart analysis can be seen on reliance chart as well on friday. Looks like on Monday reliance may support nifty to move upwards!
Bandhan bank has been taking support @ 329 many times and it has bounced from their now it is in a symmetrical triangle pattern
It has a major block @ 345 , if it breaks then it will ba gem soon
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PVR has been range-bound from last few days
Looking at the Charts it can give break out any side that's what I can see
It is running in Symmetrical Triangle from quite some time
Either side will be a great move
Keep this stock on your radar
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