Trade between the levels. Okay, bye!
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Read everything to understand levels better.
Coming to the chart-
As you can see above that how the price is rejecting and giving a breakthrough from these levels.
As per our analysis, we saw a trending day where BankNifty made a top in the first 20-30 mins and keep making lower lows. TradePro Future Trader sold BankNifty around 33350 and booked more than 200 points easily.
SpanAttack Subscribers took 4 trades in which all 4 closed in profit. We also posted 2 Trades in Public Channel in which both gave good profit.
Stock has come back to its 100 EMA. Structure is already provided for reference along with S&R LEVELS
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
The stock looks weak near resistance and may come towards targets marked on the chart with white lines until the level marked with the red line is intact on the upside.
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InvestPro India Team
SAIL a Roaring Buy
Multi-Year multiple Breakouts on Weekly Chart
1)First - Head & Shoulder BO above neckline of 90
Head & Shoulder formation on weekly chart since 2013 completed.
2)Second - BO above 114 with highest volume since 2009.
114 was a strong resistance since 2012, which SAIL was unable to break in 2012 & 2014
3)Golden Cross Over Formation - 50 Week...
Breakout from Cup and Handle will take the price higher in the predicted trajectory. Simple Price Action Analysis :-)
Stop loss of 150
Expected 1st short term target - 200, followed by 215/217 levels that can be seen in next 1 to 1.5 months
- The view expressed here are my personal views. I am publishing this for my own records and what I see...
💥all studies explained in the chart
forming ascending triangle
also 3 year of downtrend channel,making lower low's and lower high's.
102-105 acting as a major resistance.
there is chance to touch once again the trendline support then can a breakout.