Nifty witnessed its daily momentum going back to buy mode. The hourly chart above shows an attempt to break out on the upside of this triangle that would be successful once we close above 14770. an impulsive move upwards has been presumed from the low of wave E and apart from any small dip should continue to drive us higher. The only thing still missing are...
My analysis-based prediction for Nifty 50.
Disclaimer: I, Anurag Gupta take no responsibility for you taking a trade based on my posts. The views expressed here are my own, the analysis could be completely wrong and these posts are only for educational purposes. You are solely responsible for anything you do based on my posts.
Weakness and slide is surely below 48236.
Supply zone at 49661-50265.
Breakout and close baove 50265 is essential.
23.6% projection breakout will happen automatically
above 50265 for rise towards
next supply zone 51863-52516
The 61.8% projection for a-b-c relationship
will be witnessed on breakout and close above 50265
for rise towards 52147.
Target - 224, 245. CMP - 214.90 BSE:M_MFIN
We can clearly see in the daily chart that it has formed a pole & flag kind of a pattern which has already given a breakout of the 215 levels. If it sustains above this level, we can expect a target of 224 and a further target of 245.
#banknifty Looks #bearish in the Micro Picture. A fall till 32000 to 33000 Looks possible. Macro still remains #Bullish
This would be a Retest of the Previous high.
After that, we should successfully push to 39000 and above.
This is what I Feel!
#Nifty #Futures #nseindia
Indigo Airlines after breaking away from the trendline is showing a retest. If it sustains, it can break the triangle to move upwards for a target of 2000.
If the retest fails, it will remain outside the trend line with bears taking control of the trend. For time being, watch and enter when opportunity strikes.
Disclaimer: All charts are purely for educational...
IndusInd bank is in a downward trend for the long term way before the pandemic although a short-term view at the stock suggests upward momentum.
Can go long if the trend is broken upwards, a resistance from the trend means one can short.
1200 acts as a crucial part of the stock.
Good quarterly results will definitely boost the possibilities of achieving a...