100 EMA support, 50% Fibonacci Retracement, RSI moving up
This stock will benefit on start of Electric Vehicle. SL - 40 Targets - Yellow Lines
Both Harmonics and Pennant Pattern show Bullish momentum for coming week
Accumulate at every dip. Great stock to hold for few months.
Buy at around 16000-15900. If falls further then can be accumulated in the next zone.
Currently in ascending triangle formation . Once 960 is crossed 1000 and 1020 are easily achieved.
All the gaps must be filled properly before any change of trend occurs (Final One being at 8200). Till now the waves have been respected. From next week corrective waves will start forming.
Nifty could not sustain 9000. This shows extreme bearishness. Next halt will be 7000. Might take a break around 7500.
Price bounced back twice from monthly support. Closing above 2350 confirms the pattern.
If things go well in the coming days regarding corona virus then Reliance will be among st the first to rally.
HDFCBANK looks weak, might drag Banknifty and Nifty along with it.
No rocket science. Just patterns. Gap fill can't be ruled out once price sustains above 55-57 .
Fundamentally Great Stock. One can start accumulating it. Wait for close above 150 level.
March Monthly candle will decide Nifty's Future. Personally I feel coronovirus panic is short lived and market will soon be bullish. Many theories suggest that this was a planned chaos created by Chinese govt to surpass Western Economy. Once they achieve their goal things will be back to normal. Although in worst case, Nifty will find support around 2008...
If the stock successfully makes a higher low then it can certainly shoot up in the coming days. Currently took support at 50 % Fibonacci. CMP = 50 SL = 25 Final target = 120