Poison_1907

Poison_1907 Updated 

.

Poison_1907

It took 15 bars from channel top to touch bottom on 22nd May, from there it took 10 bars to again reach channel top on 8th June. This time again it has started its journey back down. It has been following this channel since the breakdown of March 18, 2020. If it takes 10-15 bars this time again to touch channel down, then we are looking at 17230 coming between...

Poison_1907 Updated 

.

Poison_1907

.

Poison_1907

.

Poison_1907

.

Poison_1907

.

Poison_1907

.

Poison_1907

.

Poison_1907

Watch it.

Poison_1907

.

Poison_1907

.

Poison_1907

.

Poison_1907

.

Poison_1907

.

Poison_1907

GodrejCP is a sell, touched channel high on 3rd June at 672, current price at 650. First support at 638, next at 594, next at 520.

Poison_1907

As Nifty, S&P are nearing resistances. IOC also having touched channel top, might be a sell candidate unless it is able to cross this channel and close above it, that will confirm upward future moves.

Poison_1907

Bank Nifty will take off on Monday on opening, the question is whether it will be able to sustain that or not. It is at its resistance point and even if it breaks this, next point of resistance would be 21,620. Breaking that successfully would mean that Bulls have taken over for further upward targets. But looking at S&P at its resistance point, its hard for Bank...