Shashank_Deodhar

Shashank_Deodhar

Good Buying opportunity for ITC for the target of 240/250/260

Shashank_Deodhar

If crosses and holds 530 then target will be Tgt 1 - 550 Tgt 2 - 570

Shashank_Deodhar

Trade with safety If rejects from 15200-15225 and falls below 15000 then targets will be T1 - 14750 T2 - 14450 T3 - 14150 SL 15300-15350

Shashank_Deodhar

Nifty broke the trendline and trading above 15000 but how far it will go? This can be false breakout and again it will come into downward channel so let's see in this week whether it follow bearish bat 🦇 or not. This week will decide the direction of nifty hopefully.

Shashank_Deodhar

ITC given big move on Friday but not able to break trendline and sustain above 212.50 levels. If it faces rejection then there is possibility of descending triangle and it can fall below 200 levels. Also nifty is on make or break level so keep SL if positional view Ignore if crosses above 215 then big move towards 240-250 expected. Long Investors don't worry...

Shashank_Deodhar

Nifty can give levels of 13600 in this month if bat 🦇works and if we follow price action the it can show new High's Confused?? What to expect??

Shashank_Deodhar

Nifty is forming channel like in pole and flag pattern. If it breaks then we can se upward move towards 15500

Shashank_Deodhar

At these levels nifty can have volatile session if opened flat or around 14350 levels If nifty opens below 14200 then we can see downfall of min 200 points BANKNIFTY may show range bound movement for min 500 to 700 points and it can make nifty volatile Don't go for long positions......wait and watch

Shashank_Deodhar

May be Double top formation not violated and we can see drop of min 500 points in next 2 weeks from here. Also corona cases increasing and lockdown will affect..

Shashank_Deodhar

Nifty may show 14500 soon Keep watch on levels between 14880-14920

Shashank_Deodhar

Nifty sell on rise for tomorrow.... Range 14490 to 14920

Shashank_Deodhar

Nifty Movement According to nifty option chain data. No buy or sell recommended.