as we see nifty has broken the trend line resistance and is now ready for an up movement. the next resistance can be seen around 17500-17600 region.
As you can see, nifty 50 is facing a resistance on the trend line. Until that breaks, a solid up movement cannot be seen.
this is one of my portfolio stock, which I personally accumulate on dips. 7300 was a good support zone for bajfinance. if we break down further, we can watch out for the mentioned levels to accumulate. not financial advice. DYOR!
we are forming a wedge pattern and we can see some sort of movement in coming days. the upside and downside targets are mentioned. do your own analysis before entering any trade. :) hoping these ideas would help!
as we see, the support zones were drawn using FIB extensions. the zones are respectively marked. hope it helps. good fundamental stocks can be accumulated on these zones for long term basis!