AnalystPranay

AnalystPranay

Channel breakout after big consolidation. Looking good for long term. All important levels mentioned in chart. .

AnalystPranay

Reliance looking weak on daily. It has broke down long supportive trend line. Now 1800 is a very key level to watch for. As per fibo and previous supports, 1700 is first weak support and 1600 is a strong support. For RIL become strong, it need to break 2015 level - keep on radar

AnalystPranay

Looks like it is consolidating to form a bullish structure. Keep on radar.

AnalystPranay

According to fibo, 560 is 0.23 level and it seems airtel is taking support. Keep watch on 560 levels. Below 560, it will become weak and above 580, it will become strong.

AnalystPranay

In the 1 hr time frame we can see that there is good support at 14200. With this support nifty may retrace and form head and shoulder before a fall. Levels mentioned on chart.

AnalystPranay

Nifty repeats what Banknifty has done 3 days before. Next support of 13800 after small retracement. If 13800 is broke then 12800 is the major support. Be cautious. Avoid longs for few days.

AnalystPranay

Banknifty has broke down from its trend line support first time after its long uptrend. Be cautious. Can take short position after small retracement

AnalystPranay

ITC stressing all technical analysts with its stubbornness to not move according to price actions. 213.55 and 208.55 are the main levels to watch for. Keep on radar.