Breakdown study was applied on the BANKNIFTY which has appeared breakout.
buyers can try this level, 30008. In fact two strong has it, another is at 29730.
Sellers will continue to enter the market either new short or as long forced to liquidate until some point when buyers coming in.
We are going to see high volatility in coming this week as I told you earlier...
Yes, YesBank is trading @270 nearby that was made high 273.6 which stronger previous resistance.
I don't know buyers will lose control until targets 277.5. : This statement is true, then it will not break 268 also and will continue to move upward.
Don't ignore the R 274.1.
This footprint for a trader, who really like to trade on YESBANK.
Below chart has more...
BYKE, looking to push through resistance right here. Find out why we could see new highs this afternoon if close or moved above 35.
Looking at the trough it seems that there is no blockage of any kind to move the price up.
Buyers are increasing from 33, if price move 35 above is no worry for Inevstors or Swimming traders too.
Past Resistance has been broken...
Yesterday, Exactly Nifty future followed my level. I had written that selling will come to 11758 and NF made high of 11754.
intraday R 11638-11646 and below 11771, the targets are 11528-11517
normal support 11574 will help to nifty move up for a while.
today will important for the next trend of the market.
Kindly wait for NIFTY future exact level after...
Nifty closed at S. 11624 which give it move.
short trader should keep stop-loss 11679 above as trial.
Intraday R. 11659 nearby (seller can come to this point intraday) with intraday support @ 11575 nearby
Nifty ATR is at 111 which means if short term downtrend started, then 11635 -111 = 11524 below.
Double Top is not clear...
Last Analysis, ATR is still in its own range. Stoploss was triggered at 11585 and lost 35-45 points lost.
Nifty can open gap up 45-60 points up.
Profit booking expected 11667-11689 by Fund-Managers
Short seller and short term down-trend direct will predict after...
The best price for short term investors 84.1 and 84.65 for targets 87.6, but suppose break and move value high 89.45... then 92-94 and more...!
NOTE: This is advanced research, investors should make own setup plan for entering into this stock.