Search in ideas for "SUPPORTANDRESISTANCE"
Bata IndiaPrice was having a steady uptrend and now it is at important zone to decide about the direction. As per the daily chart, price is forming a falling wedge.
Buy above 1300 with the stop loss of 1290 for the targets 1312, 1326, 1334 and 1348.
Sell below 1286 with the stop loss of 1296 for the targets 1274, 1262, 1250 and 1236.
Do your own analysis before taking any trade.
Nifty weekly review - Jan 13 to Jan 17We had a down trend last week. Price had a nice fall. In daily time frame 23240 - 23280 has support zone which may act as a double bottom.
As per one hour time frame we have support at 23400 zone. Buy above 23440 with the stop loss of 23400 for the targets 23480, 23520, 23580, 23620 and 23660.
Sell below 23340 with the stop loss of 23380 for the targets 23300, 23260, 23200, 23140, 23080 and 23020.
Do your own analysis before taking any trade.
HALAs price approaching towards 6 month lows need to get alert long trade can be at risk if start closing below 4000 on weekly closing bases now with resistance 4700 weekly closing bases probabilities of correction towards 3200-3000 level are becoming high .Negative view fails if price start closing above 4700 on weekly .
ReliancePrice has formed a range from 1215 to 1261. And now price is moving within this range and formed a consolidation zone. Break out can happen in any direction.
Buy above 1244 with the stop loss of 1235 for the targets 1253, 1261, 1270 and 1282.
Sell below 1226 with the stop loss of 1235 for the targets 1218, 1210, 1201 and 1191.
Do your own analysis before taking any trade.