Price after breaking the channel pattern went up considerably and now it is nearing the resistance levels where it will fall.
As discussed in the above analysis nifty fell to reach the channel support and formed a falling wedge pattern to break up and move towards the resistance zone as expected. One can expect the price to climb further up breaking the channel top in the coming sessions.
Zydus 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.
Price 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.
Resistance Testing. Good buy above the resistance for intraday. Checkout for 10,000 level which may act as resistance.
Nifty fifty weekly levels valid till 16-April only. Next week I will revise the same again
Bearish butterfly Enty552 Target 542 Sl 562 if have any quistion,most welcome . sorry for image cut in last post.
As you see in the Chart that, . Nifty Touch 14780 Level multiple times and then reverse. . Today also Nifty touch 14780 and then reverse. . So for tomorrow there is a simple Strategy. . If Nifty cross 14780, then we will buy 14900 CE. . If Nifty goes down below 14630, we will buy 14500 PE. . In Gap up or gap down case, we will wait for the right time. . Learn More...
Price 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 !!!
All Details ON Chart Target; Above 200 ema
Super Trend analysis with support and resistance analysis. It is better to use on monthly chart having high profitability ratio and percentage.
It is currently at the resistance. If it bounces back, look to go long. CMP 417
If can sustain above 400 level, can reach next resistance level 418
Nifty can give gap down Opening. . Note: If Nifty give gap down Opening, we will wait for the right time to buy on dip. . On upper side, 15200 and 15250 is a great resistance point. If it break we can go for Call Option. . On down side: 15110 is a support point, if it's breaks we can go for PUT Option.
NMDC is on 1M trendline resistance. If breakout then Target 1 is 160 and Target 2 is 200.
USOIL - Ascending channel pattern formation at 4 hours tf Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Reliance shorting opportunity Reason for Short: 1. Resistance 2. Double top 3. Trend line break out Lets wait and see... Cheers!!!