Hardik2608

Hardik2608

BEL gave a Multi Year Breakout with huge volumes. Trendline also been retested confirms the breakout RSI also bullish So GO LONG!!!

Hardik2608

UPL making Head and shoulder pattern RSI also in overbought zone Sell @ cmp SL-465 Target-425

Hardik2608

Broke the trendline in Tuesday's session. Retracement was done in yesterdays session Nifty will continue its downtrend today Levels on the chart

Hardik2608

If history repeats itself this will be how it will

Hardik2608

Equitas has shown weakness in its RSI(hourly time frame). It has broken a trend line in today's gap down but still a retest is pending. We may see the bounce or retest which may take it to 59-59.5 levels which is a supply zone Also it has to come to 53 levels to retest its 50EMA Sell@59-59.5 Target-53.5-53 SL-61.60

Hardik2608

Nifty has come to fill the gaps between10603-10696 and 10440-10485 and to retest its 200EMA @10530. It has faced resistance from its 200DMA@10881 Nifty is weak as it has broken its trend line in RSI as well. So some more fall is still left. By hook or by crook it has to reach at least 10450 to make this correction convincing and attract buyers for next...

Hardik2608

Bank Nifty has been very weak from the past couple of sessions. It also broke its trend line as it was moving in a rising wedge channel. Today's gap-up also did its retracement. Trend line also broken in RSI(daily Time frame) If opens with a gap-up very likely to come back @ current levels *Important levels are depicted on the chart

Hardik2608

Moving down towards 113-114. Sell on any pullback towards 119-120 RSI has shown weakness on both Daily and Hourly Time frame

Hardik2608

Near its 2 year old trend line. Can again make an attempt towards 53 but most likely to fall towards 45 as RSI shows overbought But if closes above 53 and supported by volumes will march towards 60-62 and will be clear breakout

Hardik2608

Nifty might see a mild correction of up to 10450 from current levels because- 1) There are multiple gaps between 10677-10630 and 10450-10490 2)Nifty crossed it 200 EMA @10525 levels in its second attempt 7 sessions ago. It has to come to at least 10500 to retest its 200 EMA Signs of weakness- 1)Nifty might be going through a distribution phase rather than an...