Started rejecting the resistance area. Imp levels are marked.
Getting ready for a good move.. Do keep in watchlist
Wait for breakout of any trendline. If continues above 50Ma with good momentum then buy can be initiated.. But remember its still in sellers zone.. break below the lower trendline may lead the price lower.
ZEEL is trying to hold above the trendline resistance and 50 MA.. wait for good price action in lower time frames.
Buying momentum is too low.. Again selling pressure may come in.. Its near the trendline resistance and below 50MA
If price holds above 50 MA then it may go upto 266-270 range.. break below the lower green trend line support may drag the price lower..
At important support area.. Break of support may drag thee price lower
If Nifty opens negative then there is a high probability of sell trade.. Dont buy below the channel resistance.
Trade can be taken above or below the triangle lines.. Wait for a good candlestick pattern
Buy Rel Ind above 1305. Target near 1320-1325
Buy Asian Paints above the resistance line.. target near 1800
Bank Nifty Started Rejecting Hourly & Daily Support Zone. May move higher. Wait for good bullish Candlestick pattern. Also watch lower time frame charts for proper entry.
Nifty Started rejecting the Daily Support Zone. Price may show bullish move. Wait for a good candlestick pattern.