Nifty was correcting since last one and half year but facing a very unhappy bullish outlook but this move, it looks good coz this support trendline is broken and after a little halt it can go up from next week. So our stop must be just below support, Fibonacci levels are working really good. So, it make it kind of confirmed for me. If all went well then new year...
Ok so, got confirmation by abhishek bhai.. I will gonna take entry on Monday, looks good for first around 3% and then around 16% is possible in this script according to support and resistance.. it can go move upside, actually it already has made bullish reversal and now continuation after this last pullback on daily chart, Sl is just below this current...
SBIN Weekly chart show strength & Breakout from imp Resistance (see chart) & Indicator also showing strength as well.
Bullish view due to below point:
1) SBIN Breakout from weekly resistance.
2) SBIN have make big green candle with good volume.
What Indicator are saying:
1) RSI show earlier Break out mean more strength. Bull will more control...
TCS form Bearish Engulfing pattern at imp Resistance Level (see chart) & Indicator also turn negative as well.
Bearish view due to below point:
1) TCS faced Resistance at Higher level 2260-2290. Got 4 times reverse from there.
2) TCS will major support at 2030 -2050 price range for good risk reward trade.
3) Big Bearish Engulfing candle form at...
Yes bank at its major resitance short position can be taken here.
Stop loss of 4.35 and target of 16 points from current levels.
Risk reward of 1:4 from these levels.
A reward of 22.5 percent on downside on this stock.
Any upswing should be taken as opportunity to sell.
There is a strong Hourly Supply at 1547-1557 range, can be shorted if the price rejects from this zone. Sl will be 1565 and above. Target minimum 1:5, can book complete at 1400 for positional(Positional Only for Futures).