Let's see if price breaches this zone or gives a perfect shorting opportunity
This pattern is valid if 460 is breached. Target 1 = 480 Target 2 = 500
Breaking in either side can give a big move.(Biased towards Longs)
Nifty has showed a great recovery in today's last hour. Also many positive news around the corner. These are the possible targets for September if 100% level is breached.
Currently under a flag and pole formation, can go up 100 more points, positional target at 2380
One can look for long options above the white zone
Ignore the previous post, this is the latest. Do your own analysis before taking a trade
Can go long once the price closes above the white zone
Infy can give a good short opportunity. Important zones are highlighted.
White Line = Monthly levels, Yellow Line = Weekly levels. The stock has been range bound for quite sometime.