nifty will face a resistance on 14256 range and retraces downside for a short time and people may be panic by the retracement and may book profit ,as a result the retracement will be little deeper on down side . but i dnt think FII will book profit instead they keep it on the rally with positive expectation , after retracement again fund will get accumulated that...
nifty has high probability to touch new highs.
For educational purpose only.
The long price action line has a good upside momentum with good trend angle. the price levels respecting the price action lines for months. but it recently breaking with a moderately good bull candle gives an indication of bull run. and fundamentally speaking profit booking will not...
It has high probability to break the channel patter as shown. if breaks it can give very good gains from the breaking positions. more probability to break the down channel side due to profit booking.
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1405 is a strong level for kotak bank . stock respecting this levels in the past data by multiple times.
1373 level can be set as alert level.
can be consider for intraday when it croses 1405.
there will be symmetric triangle pattern also visible ..when it breaks out..buying oppertunities are there..but 1405 can be the safest entry.
STRICTLY FOR EDUCATIONAL...
Stricly for educational purpose and not a recomendation
Reasons: 1: trend of the stock is bullish with technical indicator support
2: direction of 200 ema
3: major trend line resistance at 174.25
4: less than 1.5 % gap btween 200 ema timef rame lines and it is converging (green lines on my chart)
do your analysis and add to your watchlist. Thank you.
If you like...
according to my study bpcl is good above 425.30 . it may touch to 432 levels . So u can note this level 425.3 and add it to your watchlist. STRICTLY FOR EDUCATIONAL PURPOSE ONLY AND ITS NOT A RECOMENDATION.
Reason 1: trend of the stock
2: Ema lines trend
3: bullish momentum expecting aftr 423 levels
4: trend lines resistance at 423 region
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According to my study this stock shows a bullish momentum above the marked 503 levels.
Reason 1 : trend of the stock
2: Ema lines movements(relative) and its direction
3: technical indicator supports along with narrow cpr
4:trend line resistance breaking probability( pink line on chart)
5: delivery buying probabilities at current levels.
As a sum ...if market...
Manappuram May go down to 152 levels within 1 to 2 days.
Reason 1 : NR4 condition satisfying
Reason 2 : Trend is Down
Reason 3: Major Trend line broken ( daily trend line from june onwards)
Reason 4: No nearby weekly/monthly supports on downside
Reason 5: 20 EMA 50 EMA crossing probability
For Educational Purpose and not a reccomendation. Do your Analysis.