STERLITE TECH : Positional : Expecting : 202 SL : 137
Bank Nifty's imp levels for tomorrow are 22049 and 21929. Suppose if Bank Nifty opens above 22000 tomorrow, it may go up with the support of 21929 or trendline. And suppose if Banknifty breaks the 21929 support, then Banknifty could go down to the trendline I drew. Banknifty could take a reversal from the trendline I drew.
11 - 12 AUG - A CHANNEL BREAKOUT IS EXPECTED IN THE COMING DAYS AND WILL LEAD TO A ROCKET FOR HDFCBANK Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your own risk.
A RESISTANCE IS PLACED FOR NIFTY AND IT IS SAID TO BREAK WITHIN THIS WEEK. NIFTY HAD A BULL RUN LAST 2 MONTHS DUE TO RELIANCE ALONE. NOW THE TIME HAS COME FOR OTHER STOCKS FOR FLY. KEEP AN EYE ON NIFTY AS WELL AS BANKING STOCKS BECAUSE THAT IS GOING TO BE IN A BULL RUN FOR THE REST OF THE MONTH. BANK STOCKS SHOULD BE IN WATCH BECAUSE BANKNIFTY IS...
680-685 is strong resistance, above that, you can see a good momentum. You can go long till 680 and next to a strong resistance zone is there should break it for good momentum. If failed to cross you can see fall till 630 levels of next support.
The Resistance level has been tested 5 times. It can breakout if market sentiment is positive.
Everyone draws their support and resistence lines differently, this is my channel of support and resistence. As long as multiple buttoms and tops touch the channel, it's as good as anybody elses guess. What's important is to look at where this price is compared to the previous weeks candle. The fibonacci I drew is from the Low to High of last week. So these fibo...
TCS has been steadily increasing it’s business in the past few years even though it’s share price have not tracked a significant increase. The resistance level around the price range of 2200 and 2300 is crucial. Given the increase in volume of the past few weeks we can expect some action.
Sell ICICI Bank for Target of 325 Strong resistance at 380 and strong support on 280
Bank Nifty Future Sell ~ 22130, Stop ~ 22280, Target ~ 21700
Nifty Future Sell ~ 10725, Stop ~ 10790, Target ~ 10620
Axis Bank Sell Position Jul Future Entry ~ 403.90, Stop ~ 422, Target ~ 350
Notes on the chart Do like and comment Regards
ibulhsgfin , breaking bullish channel , looks good for the upside of 244 / 270 for short term !!!! Buy on dips !!! for more updates can follow twitter . HAPPY TRADING ! :)
!! swing trading !! !! follow 1:3 Risk Reward Ratio and 2% Rule !! !! please note trade with caution and manage your risk !! !! all views for educational purpose, trade at your own risk !! Request you all to like or comment on views as then I come to know that how much engagement on the post. Paypal donation - paypal.me/shubhamkhan
MGL resistance zone 1060 clear can be seen !!! any action to be played only above this !!!
IT'S ONLY FOR EDUCATIONAL PURPOSE