Sensex
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.
Traders...
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.
HEAD & SHOULDER PATTERN FORMED ON SENSEX DAILY CHART. ALSO, THERE IS A BEARISH DIVERGENCE ON RSI. IF THE BLUE LEVEL ON PRICE CHART IS BROKEN, WE SHALL SEE A DOWNTREND.
#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
NTPC looks solid on charts with higjer highs and higher lows. looks to break out of the current zone.
Buy CMP: 105
Target: 120
Stop: Closing below ATR trailing stops
Timeframe: 15days - 45 days
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...
Disclaimer :- This is not any buy or sell recommendation. This is just my personal view on this counter. Thank You !
There is a Breakout generated in INDIANB with good volume support. And now this stock is ready to show more upside levels.
Next levels as below :-
1st Target :- 200.00
2nd Target :- 235.00
3rd Target :- 280.00
Stop Loss :- Below 87.50 on closing...
Here is my analysis of SENSEX , NIFTY and BANKNIFTY. Market are weak and can go downside now.
It's my own analysis it can be True or false. Analyze on your own before taking position.
Comment to tell , ask or to suggest anything.
Thanks.
this is first such company i found to be a good short candidate while tcs is making higer highs and higher lows on daily and weekly chart! this is for educational purpose and not a recommendation
