CNX Bank Index is creating a flag and its at the bottom on the flag pattern, with RSI at 36. It also shows hidden bullish divergence on the daily chart!! 6670 is the base of the flag and it can achieve 11500-12300 levels once it 7600 levels. Its a 2 years positional trade.
Nifty is Poised for a gap down on monday but looks like it has a strong support at 24700-650 levels, if it sustains that then should see a rebounce till 25050 levels. 100 EMA is at the current level 24850 levels as well !! Its going to be a volatile week ahead !!
Weekly Chart Lupin Looks strong!! 10 year breakout done @ 2200 level Rounding Cup pattern breakout as well Cup height : 1500 points Target : 3750 Sl 1580
Nifty and Bank Nifty are poised for a strong upside move if they break their respective resistance. Nifty Resistance : 25300 - 25500 , Above this should open doors for 25800-26200 levels soon!! If Nifty does not clear 25500 then it will be considered as double top pattern. Currently Nifty is also showing negative divergence in daily chart. Bank Nifty has...
Breakout is still pending above 73 once it stays above it opens doors for 90 - 110 levels SL 65
Nifty and Bank Nifty are showing some strength!! We may see new ATH looking at the charts, till the time Nifty does not clear 25300 we are in trouble waters!! Above that level we should see a strong upside movement!! All i can say is stay cautious till tht time, lets see a strong breakout rather then fall in a trap!!
After more then two weeks trading in a zone 24000-24350 levels nifty finally breaks out from the range. On uppers side there is a gap which NIFTY is halfway and looks like it will fill the gap as well!! Gap is from 24700-24300 level Major support zone is at 24100 levels. This week should see NIFTY hitting 24700 and also 24450 levels as well. Which one will...
Nifty Outlook: A Pivotal Week Ahead Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850. Adding to the bearish tone, Nifty has broken down from...
A strong breakout at 330 levels A rounding bottom of 170 points height. Target : 500 SL 280
In the coming week we may see a small dip towards 24750-725 levels to cool off the RSI in 30 mins time frame. Once it cools off it will be ready for and upside journey! Targets for NIFTY are 25400-26250 levels in coming 2-3 weeks time frame.
Tata motors has created a good flag pattern, the height of the pole is 500 points, Today - 25th July it has given a breakout from the pattern. Tata motors will hit 1500++ levels due to Flag pattern breakout out.
Alembic Ltd is into multiple businesses, pharma, real estate and power assets as well. A debt free company. A strong rounding bottom breakout with volumes. Looks good at 150-155 level Support zone is 110 Can reach 190-230-280 levels.
A Flag pattern breakout in ITC!! The mamoth is ready for more upside, it has the possibility to almost double from here!! Pole height : 300 points Breakout point : 455 Price where it can reach due to the pattern breakout : 754 Return Expected : 65-70% Strong Volumes as well !!
A Flag pattern breakout in ITC!! The mamoth is ready for more upside, it has the possibility to almost double from here!! Pole height : 300 points Breakout point : 455 Price where it can reach due to the pattern breakout : 754 Return Expected : 65-70% Strong Volumes as well !!
Nifty looks stronger rather then Bank nifty overall in the charts, Nifty above 24600 will open doors fro 24800 levels above the new range till 25200 levels. SUpport is at 24150-24250, below this price should see 23980 level. Bank Nifty has given a breakout from falling wedge, support at 52000-51900 levels, upside till 53200 level.
Nifty and Bank Nifty on daily chart are showing some weakness, Nifty if breaches 24400 level then we can see a movement to 24800, in shorter time frame (30mins) nifty has shown a strong upside move, which indicate it will move up!! Bank nifty is still lagging behind, it has to move aboe 53300 level for further upside to 54100-200 levels, support is at 51900 level.
A nice one and half year pattern breakout Breakout Zone : 475 Support Zone - 410-415 Target : 575 - 675 Looks good for Medium Term
Nifty has touched the upper trendline, previously whenever Nifty has touches the upper trendline it has give a correction or a sideways movement and slow downward movement. 23800 looks like a strong support zone also a breakout point for the Flag pattern. It can touch it and have a strong retest at that level and start its journey towards 24800 levels !!