its clearly visible that sbi is in down trend and with small pull back and if there is another sharp fall in market than without pullback also we can see it go till 400 level
support of 1800 level is broken if in next session this level act as resistance than we can see downfall for 50-60 points. if it opened above 1800 and able to sustain it than we can see 50-60 points up move.
syngene has strong support at 600 and it recently broke its trendline and after breaking it retested the trendline from there we have seen a great upside move. tomorrow i believe if it sustained above 600 we can see target for 615 and 630.
in this chart ( daily time frame) we can see there is resistance zone 15575-15600 so if it crosses 15550 we can see slight profit booking in this zone. if today market closes in this range of 15500-15550. soon we can see market moving to 15650-15700.
The timeframe for this chart is 1hr. As we Know that whole textile sector is on bull run so is this stock. we can see that it broke the zone with high volumes if it is able to sustain this level after retesting then we can still see a upward trend in this stock for the levels of 180-185 with sl of 149.5
This chart shows the nifty in daily timeframe. From 15600-18600 there was a bull run in a shown channel. since this channel is broken we have clearly seen a selling pressure from the market. The market is range bound (17700-18200 is the range for me). the question here is will this trendline act as a support or we can see another breakdown ( personally i feel the...
