This commentary will focus on 2hrs chart timeFrame. Almost everything is plotted on the chart which can be easily understandable for traders and investors.
After the breaking, the "minor channel" downward will give you target 11708 nearby. However, our strategies can and will provde you buy setup at "value low" if tail generated at "value low of the major...
Currently, the price action failed to cross above the initial resistance level of 6650-6670 (indicating continuation of prevailing down trend) and came back down to test the previous strong and crucial support. Now, if the price action got further weaker then it may break the crucial support range and goes further down to 6000 levels. It shall be the continuation...
A "Spike" can generate after breaking-out area between Value High to Contro Price. The "control price" always attract value toward it.
The intraday Resistance 12003 nearby and Support 11936.
There is actually two channel, One is a "major channel" which is still exist because its an excess. If the price starts to fall then, we can more and more fall.
There is excess which i alway prefer to trade. An excess is at value high therefore i suggest you to short this stock at higher level such as 680 nearby.
This is holding call for 10-17 days for target 638-607.
Banknifty is going to make DOUBLE TOP as mentioned in the chart.
A QUESTION is only, that should it cross..?
The answer depends on many factors, volume, news, thought of the smart move, etc. I am 100% sure and let you know before it happens. Keep your eye on volume and sentiment of Smart Market will result in you.
Nifty closed at Resistance 11925 with double top formation.
If everything is fine, then the target will 11966 above and support can work as 11885 intraday.
Suppose to anything change, you will get ALERT/ NOTIFICATION if you hit LIKE button.
Long side trading preferable with using strictly protective stop.
There is support range 31110 to 31060. If suppose trade 31060 below will give super fall.
If you remember my last update, BANKNIFTY exactly has taken support exactly from my (x) support.
Now It's at support and or more slip downward.
I am trying to publish since 15 min. but There is something wrong my internet or in trading view. it's little late.
Selling at a value high it good.
Resistance 11912 to 11894.
Hit LIKE button for realtime NOTIFICATION.
(GST) for June stood at Rs 99,939 crore. It slipped.
Rupee settles 9 paise higher at 68.94 against US dollar.
Chart Projection might be required to correct. Something is cooking which cannot see by normal trader's eye. After the big move, the price will its own normal channel. The market is not going to close permanently, therefore don't get hurry with greed or get fear.
Fundamental points to be considered for traders:
Media believe, GDP kept...