IDFC could break out from its longer term resistance, leading to a strong rally. Or break down below its short term support trend, which would be a good time to initiate shorts. Will observe closely and take position accordingly.
The Nifty50 is at the long term resistance line which it has failed to broke ever since the great recession. It also looks to be in last leg of it's bullish wave and the bearish impulse could begin anytime.
You can open a trade with 411 as a target and then trade as per the chart setup.
421 is the major resistance once it breaks it i expect it to test 460/495 and higher targets subsequently.
Dabur is looking good for now staying above the clouds.
I expect it to test the higher targets before a pull back as RSI needs to cool down on all the time frames.
will quit the trade around 31 july and will enter as per the fundamental updates.
As i have marked on the chart price is respecting Fibonacci time and price levels. Hence we can expect the same in future too.
The response of price makes every line marked on chart extremely IMP.
Which time and price levels are most important?..... can be answered after observing the price action in history. With this analysis we are not trying to decide...
Sensex Spot @ 33,752, open @ 33,671., market is trying to form head and shoulder but still not formed , if market break 34,200 then we expect for bullish in coming weeks, and if make potentially head and shoulder and break 32640 then will test 30,400 Levels.
1. For bullish chances are 25%
2. For bearish chances are 25%
3. For being in Range 34,200level to...
NSE:INDUSINDBK Head & shoulder pattern formed on daily chart. Support levels have been indicated.
Disclaimer: Consult your financial advisor before investing.
PNB
Weekly chart
Target 75
Stop 130.
Currently at key support zone which is between 105-113.
Support zone could probably act as a short term consolidation zone, after which a downside breakout possible. This anticipation is justified on account of the heavy volume based fall.
