AXIS BANK near its long term resistance area ...its took first time resistance in this area in june 2019...after that its try o break resistance again in oct. 2021 but fail to sustain ..now again its hit the resistance level ..my view is clear if its break 875 level and give a weekly closing above on it we go long but if its not happen and we get any nagtive price...
WHIRLPOOL | Looks good momentum for 15%
CMP : 1710 (Dip : 1670)
SL : 1600
Target : 1960
1:3+ risk reward setup
Fun fact : Earlier 2 times i shared this WHIRLPOOL chart in tradingview, both the times the setup failed and stoploss is hit.
It seems like market is on 2nd wave now, so i am expecting a good return soo please use trailing SL method and use can use peramiding pattern of taking position to earn more in every next confirmation
happy trading day guys
#nifty future resisted near channel top of 17400
and making head and shoulder pattern...
moving towards middle line of channel and neck line of channel
near 16925-- 16800
now immediate channel resistance is 16225---16280
mkt "sell on rise " mode
nifty moving down in sharp downward channel..
today done 50% fib near 16900
next fib 61.8% comes near 16600
Till its in falling channel.. bears power will continue...
sell on rise till its below 17190...
FII is selling heavily.. and till they turn into buyers... no hopes for sustained upmove
last rise of 18115 also came as FII did turn into buy just 2-3 days...
Bank Nifty looks amazing, as we saw it broke pattern 1 which was a simple channel pattern,
As we zoomed in we realized 2nd pattern (marked in purple) which is called the triangle pattern,
this pattern has already been rejected two times by sellers in the past(shown in the chart)
today Pattern 1 was broken with a huge green candle this shows that buyers are in...