at lower end of rising channel trade with sectoral index
slowly the momentum is building longs to be activated after ATH is crossed
price at top of trendline
broken triangle consolidation, on for next targets
price has corrected with low volumes, expecting a reversal
BNf in ascending triangle of 3500 points
small trendline broken major trendline may present resistance around 545-548 levels.
Double overhead resistance taken out with volumes. Strong base at 106 target of 146
minor resistance is taken out after 38.2 % retracement of 280 points move. Rocket move once SZ is taken out.
price at breakout levels of ascending triangle of 104 points, could be added in dips. strong base near 538.
bullish pattern will get complete around 182 levels. see for price action whether a breakput or handle correction forms. Cup depth approx 40
no analysis on this just a hope for struck investors to get safe and less painful exit. any fundamental analyst please share thoughts.
Nifty Futures stuck in 260 points range from 15660 to 15930 longs can be initiated to trade range with stoploss below the range.
Stock entered inverted hammer sell off zone making HHs-HLs, most of the selling is absorbed by periodic corrections. view negates if close below recent low .