Overall both indexes have created bearish formation on a daily chart looking weak across ! On 30 mins charts it seems a minor reversal is on place. Will this up move sustain. We start this coming week at a crucial juncture. Overall View is to stay Cautious till Nifty does not break above 22222 and Bank Nifty breaks above 46800 levels.
Nifty & Bank Nifty look in strong position to march towards higher level, Nifty is creating a Flag in a 30 min Time frame, breakout is above 22530 level Bank Nifty has broken out of a Flag in a 30 min time frame, the flag height is 1800 points, target is 49300 level. Both Indexes placed well !!
At the Resistance area once above 660 will open up for 1040 Rounding bottom pattern breakout Support / SL : 525
Rounding bottom and W pattern breakout SL - 175 Target 1 : 360 Target 2 : 420
Nifty has given a breakout from a 2 month consolidation and moved towards 22450 levels. Now it seems tht on a shorter time frame it will retrace and take support at 22250-22280 levels to create a base for the next upward journey. Bank Nifty have given a strong close at 47300 level. A close above 47350 level will open doors for 48000-48200 level above which...
a Long consolidated Flag breakout !! Looks good for 2500 levels support at 1275
A Strong Breakout by Rico Auto Looks like it will double from here !! 200 looks coming soon. Support Area is 83 level
Flag pattern of 180 points Breakout zone 415 Sl 360
Nifty is forming Cup and Handle pattern, it yet to give a breakout ! Bank nifty is creating W pattern with double bottom. Breakout is still pending. Multiple technical indicators are showing strength for upward movement.
Breakout above 650 level 900 levels can be seen soon stop loss around 500 levels
Flag breakout above 1440 SL 1150 Target : 2000-2200
100 Points Pole Breakout above 255 SL 210 Target : 300-350++
Change in Business model, breakout at 350 levels opens for target of 700 SL 238
10 year+ breakout !! Buy @ 42 SL 30 Target : 52 - 75 - 93
Buy IIFL Securities @ 133 SL 101 Target 1 : 170 Target 2 : 210
Stock has given a flag breakout at 55 Pole Height : 20 points Sigachi is also creating a rounding bottom breakout above 62 which is its listing price. Looks a strong candidate to double from here. Short term trade.
Overall Commodity cycle has started. RIL will benefit from it ! Cup & Handle Breakout at 2620 Levels SL 2350 Target : 2850-3100-3260++ Market leader as well as big heavy weight in INDEX.
Fertiliser industry is seeing a major breakout ! NFL has given a Cup and Handle Breakout at 92 Stop Loss / Demand Area is at 65Rs Targets are 130-166Rs Its a 6 months to 1 year trade.