Resistance_level
Zydus Wellness: Cup and Handle formationZydus Wellness is ready to take a long drive.
Zydus formed a perfect Cup and Handle with a flat bottom along with a decrease in volume and as price moved up the volume also increased indicating a bullish move.
Price broke the handle formed and closed at a key resistance level.
Petronet - At Resistance and quickPrice this time after taking the support from the trend line formed a falling wedge pattern and the breakout takes the price swiftly to the resistance in 2 sessions.
Either price should hang over at the resistance or it should break. Hope it should collect big volumes to break and the process should be on from tomorrow.
#Nifty Trade Setup For Wednesday (7th April)As you see in the Chart that,
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Nifty Touch 14780 Level multiple times and then reverse.
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Today also Nifty touch 14780 and then reverse.
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So for tomorrow there is a simple Strategy.
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If Nifty cross 14780, then we will buy 14900 CE.
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If Nifty goes down below 14630, we will buy 14500 PE.
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In Gap up or gap down case, we will wait for the right time.
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GBPAUD - Raising wedge patternPrice moving in parallel inside a range for a long time. Just before the Pandemic it breaks the range trapped all the long positions and fell badly and took the same support.
One can clearly identify the raising wedge pattern in the above analysis. This pattern exactly ends at the resistance levels !!!
#Nifty Trade for 12th March (Friday)Nifty can give gap down Opening.
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Note: If Nifty give gap down Opening, we will wait for the right time to buy on dip.
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On upper side, 15200 and 15250 is a great resistance point. If it break we can go for Call Option.
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On down side: 15110 is a support point, if it's breaks we can go for PUT Option.
AMARA RAJA BATTERY - parallel channel pattern at 15 mins tfAMARA RAJA BATTERY - parallel channel pattern at 15 mins tf
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.