1 short term trend line is also considerable 2 long term trend line is some distance far 3 with small risk we can take a swing trade
Now one re test at neckline and then a good fall if 35250 broken with strong candle ... Maza aya ?
1 on daily chat reversal possibilities are there 2 this short term trend line is very decent 3 consolidation at trend line looks promising
If BNF breaks the trendline with a good bullish candle, then we can see a possible upmove else below this we can get good opportunities to short on positional.
HATSUN has given trendline BO from good support expect upmove after retracement.
EID Parry : Breakout on Cards Trendline Breakout possible anytym Huge Volume Buildup & Stock gaining Strength minimum 20% upside Visible on charts
Bajaj Auto on daily time frame has formed a bullish engulfing chart pattern. The pattern is a bullish chart pattern and can give an up move. Wait for the price to break the high of today's candle. The target levels are marked in the chart.
FACT : Trendline Breakout + Retest done Good Strength in stock as recently Broke 50EMA / 200EMA in last 2 sessions, also visible in RSI Huge Volume Buildup, Momentum could continue
On hourly time frame bank nifty has not shown a red candle today. Market may consolidate for tomorrow. Will trade in the second half of the day. Support:-34780,34278 Resistance:- 35352, 35633.
As we analysed yesterday that NIFTY has been nearing resistance and more like inverted head and shoulders pattern is showing strength, we finally saw the level to breakout and the trendline also broken, we can expect another bull run to continue, a better entry would be around the retest of the neckline of inverted head and shoulders pattern to confirm the...
1 Trend line breakdown is indicating a selling pressure. keep an alert for todays low and watch the volume formation
XRP broke out and completed retest. ADX is also showing good signs. It looks very good Risk to Reward ratio right now.
Banknifty consolidated on the last trading day. It took support from the very first support and consolidated the whole day in range of 500-600 points. Support levels:- 34278,33920 Resistance levels:- 34780, 35352 Wait for the closing above/below the levels on shorter time-frame to capture the move and a candlestick pattern to confirm the setup.
As we see ADANI ENTERPRISES is in consolidation . We can enter either side after breaking consolidation.
Look like upside opportunity and some gap to be filled ad good buying opportunity upto 840 and closes below it may go downside and upside target of 927,944
Trend line is very crucial so keep an eye on it. Make sure your short term trades align with the large time frame picture.
Bank Nifty Cmp 34546 dated 11-3-2022 1. Support @ 34200 Breaking Support 34200 than Sell for a tgt of 33500-33050-32500-32000 SL 35000 Buy above 35050 for a tgt of 35400-35800-36300-36700-37200 SL 34200 It is just a view, pls trade at your own risk.