BPCL my view bearish as levels shown, but CrudeOil going down, so little risky.
attempt at drawing trend lines and support lines. my conclusion is bearish as levels shown. it formed a head and shoulder like pattern in higher time-frame.
UPL attempted drawing trend lines. I'm horrible at it, but it works like charm for other traders. Great to join this community of TradingView. Thanks all.
Ultratech cement still bearish i believe. If not news driven. Also Nifty could be bullish tomorrow. Yet Ultratech is in overbought zone now.
At a strong support region now. It can reverse back upto levels shown. Nifty could be under selling pressure, a green candle tomorrow can confirm buy above tomorrow's high.
Based on Bollinger band, Nifty just rejected from the upper band and coming down with a look-alike Evening Star bearish pattern. Levels for the coming week as shown in the chart.
Evening star bearish pattern, can come down to 1600 then 1560 levels.
Seems very much overbought. Can correct 1%+ if Nifty is bearish.
My view: Bearish for intraday or maybe to the next day.