RELIANCE
Nifty Spot Weekly Outlook 13th June to 17th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 13 – June 17 )
Last Weekly Nifty witness selling pressure below 16386 , while the pivot for the week @ 16605 was not breached on upside.
Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 16057 levels,
whereas minor resistance on the upside is capped around 16598 levels.
If Nifty50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major supports on lower side around 15890/15723 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16765/16932 .
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16729 suggests long term trend is Bearish .
Range for the week is seen from 15723 on downside and 16494 on upside.
Weekly Chart Suggest closing below 16000 Downward Momentum can be fast.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 16932
RESISTANCE 3: 16765
RESISTANCE 2: 16598
RESISTANCE 1: 16494
WEEKLY PIVOT LEVELS: 16327
SUPPORT 1: 16160
SUPPORT 2: 16057
SUPPORT 3: 15890
SUPPORT 4: 15723
All above views for education purpose only.
Regards,
MD.
Reliance Stands on Trendline in 2hrs TFFriend's, This stock is mainly suggested for Intraday players for 13-06-2022. As we can see that what is happening with Reliance it's again and again taking support on Trendline. But today in Brearish market our view🧐 is also on Bearish side. We will short this when price show rejection below 2695 & substain below themselves with the accurate target🎯 of 2675,2615.We will only go bearish side otherwise ignore it. Reliance is among best intraday stocks which is stands in front of you.
Trend Reversal with Double Top Pattern & Candlestick formationsImportant SR levels Update based on volume profile analysis for NSE:RELIANCE
Hello Trader. If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
#supportandresistance #volumeprofileanalysis #stockmarketindia #reliance
Nifty Spot Weekly Outlook 06th June to 10th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 06 – June 10 )
Last Weekly Nifty witness selling pressure @ 200day EMA @ 16746 on friday, while the pivot for the week @ 16223 was not breached.
Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 16358 levels,
whereas minor resistance on the upside is capped around 16824 levels.
If Nifty50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 16250/16114 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16960/17095 .
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16746 suggests long term trend is Bearish .
Range for the week is seen from 16114 on downside and 16824 on upside.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 17095
RESISTANCE 3: 16960
RESISTANCE 2: 16824
RESISTANCE 1: 16740
WEEKLY PIVOT LEVELS: 16605
SUPPORT 1: 16469
SUPPORT 2: 16385
SUPPORT 3: 16250
SUPPORT 4: 16114
All above views for education purpose only.
Regards,
MD .
BankNifty Spot Weekly Outlook For Week May30th–Jun 03Falcon Analytics Outlook Bank Nifty for the week ( May 30 – Jun 03 )
Technically on the daily charts we see minor support on the downside for BankNifty index lies at 34164 levels,
whereas minor resistance on the upside is capped around 36263 levels.
If BankNifty index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 33561/32958 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards major resistance at higher levels around 36719/37322.
Currently BankNifty index is just trading below 200 day EMA @ 35885 suggests long term trend is Bearish .
Falcon Analytics predicts range for the week is seen from 34164 on downside and 36719 on upside.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 37322
RESISTANCE 3: 36719
RESISTANCE 2: 36116
RESISTANCE 1: 35743
WEEKLY PIVOT LEVELS: 35140
SUPPORT 1: 34537
SUPPORT 2: 34164
SUPPORT 3: 33561
SUPPORT 4: 32958
All above views for education purpose only .
Regards,
MD .
Nifty Spot Weekly Outlook 30th May to 03th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( May 30 – June 03 )
As Discussed in Last Weekly Analysis Nifty witness selling pressure @ major resistance @ 16387 on Monday, while the major support for the week @ 15560 was not breached.
Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15907 levels,
whereas major resistance on the upside is capped around 16418 levels.
If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15712/15516 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16538/16734.
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16754 suggests long term trend is Bearish.
Range for the week is seen from 15907 on downside and 16734 on upside.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 16929
RESISTANCE 3: 16734
RESISTANCE 2: 16538
RESISTANCE 1: 16418
WEEKLY PIVOT LEVELS: 16223
SUPPORT 1: 16027
SUPPORT 2: 15907
SUPPORT 3: 15712
SUPPORT 4: 15516
A ll above views for education purpose only.
Regards,
MD. [