nifty 50 following both trendlines perfectly and can give us a good target either sides if it breaks upside trendline or 18000 level and close above 18000 in one hour timeframe then we can create a long position in NIFTY50 . If it breaks downside trendline or 17850 level and closes below 17850 on one hour time then it can give us a target of 300 points in downside...
banknifty is now in a short range and can give a good movement on both sides it has made falling wedge or falling channel on daily chart and now trading at resistance area now if it breaks upside 34840 then after a small retest it can move upto 35500 but if it faces resistance tomorrow on 34740-34800 then it can breaks down side and can easily travel to 33600 so...
GMM PFAUDLER consolidating from last 1 month and now it can break the range and after 4800 we can see a good upside move of atleast 15% in this stock so watch the levels carefully and keep your eye on it for detailed analysis watch this
banknifty made inverted head and shoulder pattern on 1 hour time frame and retest it succesfully now you can enter on today's high and target will be 36000 and 36500
M & M first gave breakout patterns and now it is creating a symmetrical triangle pattern so keep your eye on it and trade on levels
Tata power made bullish flag pattern and can give 15% target on upside
cup & handle formation on daily chart and breakout of it with good volume now it will retest level 139 and move upwards in coming sessions so keep eye on it and enjoy a good target of at least 15%
jk tyre moved in a channel and break super strong resistance and 50 dma crossing 100 dma so we can enter in this trade after 1 more green candle in 1d time frame.
sbin gave trend line breakout after one week and now is at good price and travel upto 442 again
fsl gave resistance breakout with a good volume and can travel upto 178-180 in a one trading session
bahgeria industries made bullish wedge pattern second time this time it can travel 7-10% upside buy above 248 target 265 sl- 240
ambuja cements resistance/support intraday strategy
bank nifty 15min chart study main levels
Adani power gave breakout of head and shoulder pattern in 1day time frame it should retest its support 101-104 and then follow the pattern and go up Cmp:- 105.75 entry :- 101-103 after taking support on 1 day chart target:- 112,116,118,120 Stoploss :- 99-97
nifty 50 made a descending triangle pattern in 15 min time frame it is likely to move on up side in direction of a trend if it goes downwards then a small profit booking is possible so keep the level in mind for 7th June.
BANK NIFTY 15min Chart study #bank nifty made a channel in up direction from last 10 trading sessions from 21-may and take support in it today now the possibility is to travel in this channel until it breaks so hold your long position till 35150 and fresh buy after 35800
Bank nifty 15 min chart study It made head and shoulder pattern . If it breaks yesterday's high then it can go up to the 36000 or 36500 in one trading sessions