Last time, we had suggested a possible short covering rally could come in the market if Nifty goes above 19482. That is what we saw on 5th morning, when Nifty opened gap up at 19521... made a low of 19487 and then came the short covering rally. That rally closed the week at 19653 just a tad below 21 day EMA. & there is a big Political NEWS of Israel war...
Ambuja cement 1Dtf breakdown from a beautiful trendline with six previous supports Bearish in both 1htf and 1dtf
NSE:RAYMOND has given a breakout of 7 month old trendline. Will the breakout Sustain this time?
DVL is now buying position .This week stock able to break down trendline from Jul '21 with good volume. Buy above 270 Terget-350 Stop Loss-257
Descending trendline breakout in HSCL with volume! Volume was shrinking and then had became flat from previous high for many days. Good volume breakout today.
MSUMI | Small range breakout - Looks good for 15% CMP : 64 SL : 61 Target : 73 1:3+ risk reward setup
Strong support in region mentioned in chart. Buy after trendline breakout. T1 28 and T2 33
Jkil gave breakout then retest buy above 220 for target at least 300 with stoploss of 202.
Trendline Breakout is already done. . Safe Trader can buy After 318 for the target of 324. . You can also give your suggestions in comment box
First I had mentioned Gap Up n Down scenario's in Banknifty but as market opened I have changed it to one-sided scene. (i) If trendline violated to upside wont sustain for longtime max 21650's only, then reverse to down (ii) Touch n Play with trendline from Downside & Straight move to down Today weekly expiry right ? Extreme guess work, BankNifty may reserve...