NIFTY post market analysis on 15/02/2021
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The chart indicates a possible support here. A stop-loss around 3380 should be placed and a target of 3600 and 3660 can be seen in the near term as far as stop-loss is saved.
This is for educational and knowledge sharing purpose.
NOT A TRADING ADVICE.
Please comment with your views.
As we can see NIFTY50 broken from the ascending triangle and consistently falling.
NIFTY is at a major support level if it will break level we might see some more bearish move to downside at 50% fib level and then to another support level
NIFTY bounce back from the support level To 14220 level and then above resistance zone
Let me know guys...
Both USDINR and DXY have been trending downwards since March and finally USDINR has made a base at 72.7. It has already started showing strength in and is forming an upward channel. It is likely to test the upper end of the channel by end of this expiry.
Target of 74.5 by end of this month. Stop loss daily close below 72.25. It can still go higher if the...
Long term reverse H&S formation completed in ERIS LIFE SCIENCE. Breakout of neckline is confirmed with increased volume. Potential 200 points upside. CMP 576.10. Support zone 570-550. SL 520. Long term investment.
The stock has rallied almost 33% in the last 2 months, there needs to be a correction or consolidation phase. One needs to be cautious not to enter long at this point as technical indicators suggest a short set up.
1. RSI negative divergence - The price is increasing at a very fast pace but the strength index is not following the path as indicated in the chart....