GBPUSD in ascending triangle breaking of pattern will give good direction move
nifty stuck in narrow range of 16500-16720 range bond market currently nifty has supply zone near 16700
cholamandalam volume buying started from 470 level at start of the month than weaker hand taken out by retesting 470 now small hurdle of 515 if this time 515 levels taken out than 530--540+++ level can be seen in short time....
crude oil immediate hurdle 5050-5060 weak only blow 4970...
nifty immediate resistance 16710--16720 being golden ratio and planetary level and support near 16500 planetary levels are able to give century move its jumping/dumping levels 16710--16720
godrej property important level to watch 1444 if breaks than 1420--1410 possible
banknifty has immediate hurdle of 35400---35550 as gap resistance, channel resistance and psychological level pause below this level one more dip towards 35200--35000 possible
asian paint given volume breakout from rounding bottom pattern and no look back through out the day... falling crude too helped the stock to move up...
asianpaint rounding bottom and volume breakout looking strong for 3075++ targets
banknifty breakdown from the rising wedge and now previous gap area 35350--35730 became strong resistance immediate support near 34945 if broken 34945 than will slip to 34600 banknifty sell on rise
charts gives the indication before the bigger trend starts... nifty started its upward journey by making low 16163 with doji on 11th aug 2021 after that given number of confirmation to add longs... and went on to make high 16702 now again nifty made doji at top and doji low 16672 broken down with confirmation candle given 1st hint of correction than back to back...
gc will be weak if breaks down the channel support 1788-87 and will have strength above 1795-1800 so wait patiently for either levels to break for clear direction
gbpusd looks moving up holding support of 1.37100 may move towards 1.37800++
diametric pattern is 7 leg pattern...abcdefg waves... in which range slowly contracting within 36300--35700 of which it seems banknifty completed legs upto 'f' wave and now going for 'g' wave..
today again banknifty made low near 35700 after getting resistance near 36200-300 it is trading in a diamond pattern and range is contracting... breaking of pattern will bring clear direction.. it is strong only above 36300 level it will bring more weakness below 35700
PHARMA INDEX given channel breakout and now on recovering mode... ready to fire pharma stocks buy on dip
colpal given volume breakout above 1665... above 1665 may target1700++ levels to watch 1665-1681--1702-1710
nifty made the doji near the top... getting resistance near 16585-620 nifty will be weak below 16550 for tgt of 16480 it will be more weak if breaks down 16480