On Weekly Basis:
S&P 500 (SPY) completed its correction from 4800 to 3490 in its 5 Wave Down. Fibonacci 50% retracement from bottom 2300 to top 4800 ends at 3540, a support level in October, 2022. It took a support at 4115 which is a long-term horizontal support with multiple pivots on weekly charts. It looks like a fresh new Wave has just started from 4115...
As you can see in the chart bank nifty follows a double bottom to make an uptrend and it continues following the previous downtrend line at this point may be it can show us some consolidation or correction soo take your step carefully.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
IGL
Key highlights: 💡⚡
📈On 1D Time Frame Stock Showing Reversal of Rising wedge Pattern .
📈 It can give movement upto the Reversal target of above 386-.
📈There have chances of breakdown of Support level too.
📈 After breakdown of Support level this stock can gives strong Downside rally upto below 297-.
torrent pharma crossed big resistance
52 week high today
keep on radar for entry with risk reward in favor
Weekly Positive RSI 70+
last two days Spurt in volume too
Expecting big move onwards
Today will be gap up opening in banknifty . After opening expected further upside upto 33500 level and this can be extend for another 400-500 points in case banknifty starts trading above 33500 level. Any positive side movement only possible if banknifty starts trading and sustain above 34000 level.
HT Media Ltd (W)
Buy above 36
Target:- 45/55/70+
SL:- 26
Short-Medium Time Frame
Cup & Handle Pattern Breakout
(Contact your financial advisor before taking any investment decision)
From the level of 2087 stock has broken the previous resistance in an impulsive manner & given a deep correction . After that there was an impulsive rise followed by another corrective fall. The current price action is showing the sign of completion of correction. One should go long on current levels with SL of 2190 & look for the target of 2350/2400/2450/2500
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(24/06/2022)](https://s3.tradingview.com/r/RJHQtB0L_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(24/06/2022)")
