This is an extension of the “DeMark Range expansion” by CristianD. I have added Weekly and Monthly Ranges .
The support and resistance zones are filled for better viewing .
It bookends the daily, weekly and monthly range between highs and lows. Sell at retests of highs, buy at retests of lows. If a range is broken one way or the other you can probably expect...
Watch out for the levels, It has been been consolidating within a range for the past 5 trading days. Watch out for a break out, as nifty and bank nifty seems to be bullish, there will be a high probability of occurring a gap up above our levels, is that happens then plan your trades accordingly.
Look into the chart and get on to it. Keep in mind the Production Linked Incentive scheme in mind, not to miss a trade. Watch for the levels shared. It have been consolidating for the past week there could a high probability for a breakout or breakdown in the coming trading days.
BAJAJFINSV has been in a range for quiet a time. I believe it will continue its range so in order to that it has hit its resistance and can go till support to continue its range.
There is an indecision on the resistance in the last candle which is in the form of doji. So from the next candle we can expect it to show a bullish force.