There are many Price Action Patterns indicating that Bank Nifty can start fresh downside rally. For More details: Follow above analysis
Please follow these rules before taking a trade : 1. The breakout candle didn't have any volume (Checked). 2. It is at a major resistance (Checked). 3. The up-trend has to be broken and retested (Checked). 4. Take the trade only after the above these. Do let me know if any doubt is there.
The stock might fill it long time gap in upcoming sessions.
There's Probability of Hang Seng of touching 23278 as Covid-19 cases are creating fear in European countries so creating Global Sell Off sentiment.
Sell below 113 supply zone 123 to 130(recent LH and also fibonaci retracement 78.6%,61.8%)
Sell TATA motors. Sell at 130 Target at 200 MA levels of 124 SL at 135
Wednesday will be a PED(Premium eating day) 80% cases - so the market will bidirectional so Short strangle will give good profits captured around 2300 rs
Bharti airtel will attempt to take a strong support around 414-415 levels. If the resistance is broken, then the down side could be huge and profitable. Sell below 414. Target at 388. Stop loss at 427.
Indian Oil Corp. To break before 74. It has a strong support at 74.40 and if it breaks, it would have successfully broken the support after multiple tries. Sell below 74. Target at 70. Stop loss at 76. NSE:IOC
SBI formed an evening start after an uptrend and is likely to fall till the next strong resistance. Initiate short calls. Sell at 193.5. Target at next resistance, ie, 182. Stop loss at 50 DMA, ie, 197. NOTE: Supreme court to have a hearing on the interest waiver case. NSE:SBIN
if support zone breaks a fall will be possible.
head and shoulder pattern formation chance of gapup and falling down
major resistance and support zone if banknifty want to moves either in direction !
If this last candle closes above the channel on weekly basis go for long , and also want to closes in green ... Just for 100 point on weekly bais
Exide industries will break down from here. It is piercing through the 50 DMA downwards. Initiate shorts @ 162. Target@153 and SL@166.
NG has touched the resistance trend-line of daily time-frame. So the price of NG might fall. So here's my probability study in 4 hours time frame. Entry: 3.064 Stop Loss: 3.1 Target 1: 2.997 Target 2: 2.957 Disclaimer: This is the study based on my view. I can be wrong. Please apply your own study for entry, exit & stop loss.