The pattern has formed at the resistance zone and the price has come below the important support of the 17600 range.
As per the volume profile majority of price, action has happened on the 17300 level. It can be considered the next level of support.
SURYA ROSHNI as per daily chart analysis above 658 level for a target 668 level. Tomorrow the nifty will go down initially and then bullish reversal will take place and market will continue to be bearish. Don't hold long positions.
Posted 12.12.2021 two scenario for Hind Rectifiers and both was for bullish break out and today the stock had hit the second resistance level 215 by making high for 214 which was the second target before closing at 208 level. Happy Trading to all.
Aurobindo Pharma was consolidating for a while near the Supply Zone /Resistance. The price burst out like water bursts out after huge pressure build up inside a pipe. On similar lines, when there is strong consolidation , its like pressure building up on the price near a resistance or support and soon after , the price breakouts with extreme force. A same action...
A clear Inverted Head and Shoulders pattern can be seen on the weekly charts, indicating bullishness. A breakout of the Inverted H&S pattern is seen. Further, a breakout of the 2 year long resistance point accompanied with a retrace is seen. (OPEN THE CHART FOR DETAILED VIEW)
Entry: CMP (860-861)
Target 1: 918
Target 2: 972
STOP LOSS: 802 (Closing...
M&M is reject the upper side resistance and come to down uper side resistance is 520.60 and sell below today low 492.50 then stop loss is 498 and #target is 484-478-460. Only #upperside hope is only above 520.60 if cross the buy and stop loss is 513 then target is 530-536-550+.