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
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
entry :- 101-103 after taking support on 1 day chart
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