BankNifty closed at support.
Last hope at 29211.
Trendline support 29395 - 29450
Even if the trend channel is continuing, and the following possibilities still exist;
1) Gravitate price will attract the value, so long traders have target 29977.
2) The support at 29395-29450 will push the nifty toward to 29700.
3) Last hope at 29211, if bank nifty slip to that...
In last update, We have book good amount of profit from the option trade:
Comment: BUY PUT OF NIFTY strike 11700 70-76 with stoploss 65 and targets 121-148 (CMP 79) wait for range
8 hours ago
Comment: start booking on NIFTY PUT... CMP 102
Click here for last update:...
Trade (1) :
R intraday 781-786 and stoploss 790 ad target mentioned in the chart.
Trade (2) :
Safe trade, sell below 757 for targets 721-726 and below it.
The right side of NIFTY chart, we have found that price rotation and higher trading activities plotted it by using a rectangle. Price value gravitating by control value. Suppose, it's true then, nice can move upto 11780 again. above 11626 we can think the bullish for the short term.
Price ration between buyers and seller are in the range of 11598-11678 appeared....
On higher time frames, you can observe the negative divergence which is a very strong reversal signals that too on higher time frames.
Now anticipating some setup outhere.
Bharat Petroleum Corp. Ltd. (BPCL) : Looks good to LONG @ 403.55
STOPLOSS : 392.55
TARGETS : 407.55 - 412.65 - 417.70 - 422.85
DISCLAIMER : I am not SEBI Registered.
This #view is for study purpose.
Consult your Advisor, before Trading & Investing.
TWITTER : @14Rishu
INSTAGRAM : _stocktalks_
For timely updates please follow and join us on our Telegram...
Century Textiles & Industries Ltd. (CNTY) : Looks good to LONG @ 941.75
STOPLOSS : 925.45
TARGETS : 948.45 - 963.90 - 995.20
DISCLAIMER : I am not SEBI Registered.
This #view is for study purpose.
Consult your Advisor, before Trading & Investing.
TWITTER : @14Rishu
INSTAGRAM : _stocktalks_
For timely updates please follow and join us on ouR Telegram...
Sun TV Network Ltd (SUTV) : Looks good to LONG @ 596.35
STOPLOSS : 583.20
TARGETS : 607.60 - 613.75 - 619.95 - 626.20
DISCLAIMER : I am not SEBI Registered.
This #view is for study purpose.
Consult your Advisor, before Trading & Investing.
TWITTER : @14Rishu
INSTAGRAM : _stocktalks_
For timely updates please follow and join us on our Telegram Channel &...
The greater the price action of higher time frames, greater is the possibility to go towards the directed movement.
Stay humble
stay focused
work hard.
Weekly charts are really amazing to predict the future movement as there is very less noise. Might go incorrect but feel some rejection towards upside and if appropriate price action shows up, maybe a correction can be seen.
Nifty tends to finally break and just flow in turbulence to finally feel resistance near the golden fib ratio, thus, its really important to identify it and predict what can happen next.
stay tuned.
stay blessed
stay humble
work hard.
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