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
banknifty made diamond pattern near the important resistance zone 36100-36300 breaking of pattern will decide clear trend.. Till than play support resistance 35700---36300
indian hotel looking weak below 144 after breaking trend lines immportant gann level 144 broken down
Banknifty future in wave"c" down Sustianing below 36000/100 is weak and may try one more attempt towards low
nifty has two key levels ... one 16335 from where everytime it face selling pressure and now 2nd key level is 16190 ... if nifty sustains below this than it may go for gap filling towards 16120-16130 and in coming days below 16190... doors are open till 16040--15900
Infosys made head and sholder pattern too and breaking important trend line (blue) will bring some selling pressure below 1650 if it sustains below 1650 than 1640 immediate target if 1640--38 is too broken down than sharp correction towards 1610 may follow in coming days
hdfc given breakout with volume... looking good for target 2750++++
nifty done 4 th wave correction and made flag pattern and yesterday given break out from flag pattern and thats the bullish scenario and target 16300---16550 support 15971--16000