The price has successfully held the uptrend channel and support levels. Expect price to touch 2155/65 which will act as resistance, once it crosses same levels expect 2210/2255/2292 positional. Sl- 2177
Dips can be used
SBIN has suggested earlier has filled the gap, but once it goes below 324( recent low), only below 324 expect breakdown of major support and fall towards 308/295. Rest classical and EW analysis mentioned on the chart
Lets have a look what we got for trading
For Bulls -->
We already mentioned 2 targets in our previous idea of the indusind bank for targets 1550/1650, first target was achieved and it fell from the same levels as it had major resistance of 200 and 100 Dma and kumo cloud, now the daily chart might not look great for bulls, but lets see how we might see this as a...
Yes bank Is a buying Opportunity for Long term, Wait for the break out Since it shows some sign of Positive divergence. Once the trendline breaks for both rsi and price, we will go for buy. In simpler terms should close above 98.
Kindly refer the support and resistance line.
Disclaimer: For educational purpose only not recommending for trading. Analyze your...
Will bulls come back at the mentioned support zone or will have to say tata to bata?
Scrip has got major support zone at 1265 to 1280 zone, this zone can attract bulls for target 1324/1360/1390/1414
Sl will depend on how scrip moves from the zone, if fails to hold the zone, the setup will be failed and will look below to go long around 1216 levels, no shorting...
Nifty50 has got major support at current level or at yesterdays closing, holding below 10390 we might see fall towards 10336/25. But that looks difficult for nifty to fall towards that levels.
If Nifty holds above 11415, it might start moving upside for the mentioned targets marked w\ green horizontal lines
Targets are --> 10525--> 10625 --> 10700 --> 10780