Dear friends, just drawn a trend line for ONGC. The stoploss should be 129.80 and the target should be 134 or above. The Windfall tax has been reduced and you already know that the level of 130 is supporting well. Hence, reducing the cess will impact and it may get a upthrust from this level.
What should be the support and resistance level for tomorrow..?
Nifty 1st support at 16305 ( If gap up strongly )
16210 will support Nifty tomorrow ( IF OPEN FLAT OR GAP DOWN )
Nifty 1st resistance at 16412 and 2nd resistance is 1111116507 for tomorrow.
It means, if Nifty doesn't break the level of 16300 after the opening: it means Nifty may go for 16507 tomorrow.
Helo, do you think about nifty triangular pattern. I have noticed it on daily basis timeframe. Nifty has formed a triangle pattern, if we consider some previous days chart on daily basis. Yesterday i saw this formation in Tata motors also. Do you think, these will be able to come out of the box ? I f it happens, should be considered as breakout in connection with...
Hello all, Tata motors chart patterns are in triangluar form, if we see some previous days candle on daily time frame. if it comes out of the box, will this stock be able to make new high ? it may be possible. It has huge potential to move up. Keep in touch with this stock and examine this triangular patterns breakout .
Note : Given thought is personal and just...
I have drawn trend lines of State Bank of India for tomorrow. These are just for learning purpose. Examine these lines during live market. All the horizontal lines are the supports n resistances for tomorrow, where 500 is the middle or centre point. Hence, 500 should be considered as major support n resistance for tomorrow.
Drawn trendlines for Nifty50 are just for learning purpose. By focusing this, we may be able to know the support and resistance levels during live market.
Hiiii, i have drawn the trend lines for support and resistance levels for tomorrow . Do not go for any trade with the presented data, it is just for learning purpose. If Market bullish, we can see a upside towards 17820. If Nifty not able to sustain 17600, we may see the downside levels according to mentioned levels as support. If agree, hit likes.
Buy APOLLO TYRES For a Target Price of Rs. 250. Apollo Tyres may go towards the defined target from the current level. Follow the drawn trend line for stoploss.
