Support and Resistance
Nifty highly likely to top @11930Nifty as per the analysis in the chart could be near a major reversal zone around 11900-11930. Most indicators are overbought and we can also see divergence in RSI. Advise traders and investors to stay cautious and trade with appropriate SL on all long trades. Chances of this happening in early September is very high.
NIFTY VIEW FOR THIS WEEKNIFTY HAS GOOD SUPPORT NEAR 10800 and ALSO MARKED CHANNEL BOTTOM AROUND THE SAME LEVEL.
WE COULD SEE BOUNCE FROM THESE LEVEL TO 11076/11144 LEVEL. FROM THESE LEVEL ONE CAN SHORT WITH SL OF 11180 FOR THE DOWNSIDE TARGET OF 10740/10680
HDFC BANK CAN WE SEE 2080?Falling channel crossed by bullish candle.. Can it show the scene of 2080?
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision -KG
Short HCLTECH Below 1083Enter Short in HCLTECH below 1083
Targets - 1076, 1067 & 1056
Sl- 1096
*As always suggested avoid if OPEN=LOW
* Trade wisely as market is very volatile.
relinfraa long term support / base has been violated on monthly closing basis
price can crash all the way to 190-200 levels
RBL BankRBL bank based on friday news from SEBI - It looks like 463 is -50% fibo and 418 is 61.8%. Recent fall of DHFL and Yesbank. Don't be surprise if fall to 50% from current price.
Long BPCL above 377 with 381 as T1 and 364 as SLEnter Long in BPCL above 377
Target - 381, 389, 401 & 417
Sl- 364
*Recommended for positional trade/mid term.
BANK NIFTY OUTLOOK FOR COMING SESSIONSBANK NIFTY VIEW:
25650/25900 which would act a immediate resistance in coming days. Beyond this BNF has resistance @ 26400-26500 range.
A bounce from current level is possible. Else at the lower side, it has good demand zone at 24450-24150 range where we can buy BNF for the resistance level targets.
The channel bottom is marked @ 23400 level.
Note: Moving beyond this needs a fresh view. The chart and view is for education purpose only.
-KG
ashok leylendashok leylend target 26-09-2018
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Maithan Alloys 13 Sep 18Sell with a target if 545 stoploss of above 600.
Disc:
1. No trading position
2. Educational purpose only
Rain 13Sep18Sell for a target of 168-164 sl 195
Disc:
1. No trading position
2. Educational purpose only
Doller Rupee: ObservationMultiple SUPPORT $78.59 - $78.49.
In Last Candle Bounced from $ 78.59
In 2nd Last Candle Bounced from $ 78.49
Closed Below Drag to $77.51, $ 76.92-
DELTACORPDeltaCorp taking good support. let's see if it bounces back from here. Got stopped out at 243 from 280 levels. Wrong entry point. Should have closed above 275 levels to give confirm breakout.
