Resistance_level
USOIL - Parallel channel formation at 2 hours time frameUSOIL - Parallel channel formation at 2 hours time frame
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BHARAT FORGE CAN ROSE ABOVE 572 Resistance It broke 2 YEAR OLD TRENDLINE & RETESTED DONE,
It, also broke INVERTED HEAD & SHOULDER NECK-LINE.
If Resistance Breaks, Then Next Possible Target Is 670 !
NOTE: THIS ANALYSIS BASED ON 1 WEEK TIME FRAME)
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HDFC Bank - Near Ascending Channel resistance at weekly TF HDFC Bank is about to break Ascending Channel resistance R4 zone at weekly chart. After this resistance breakout we can expect very good rally in both Nifty and Bank Nifty
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HINDALCO - Approaching Ascending parallel channel resistance R4HINDALCO Industries - Approaching Ascending parallel channel resistance zone R4 at monthly TF
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
SOBHA at the cusp of a major ResistanceThe level of 345-350 has acted as Support & Resistance multiple times in the past dating back to 2014. Today's (12.17.2020) intraday chart shows the stock hit this zone for three hours during the day and just couldn't breach it. What followed was a major correction in the last hour of the day. Will bulls be able to breach this crucial zone? Or will bears win this time again and take the stock down? We'll be watching.
In the meantime, it would make sense to book some profits for the longs.