Nifty Analysis of possible Support and Resistance. Lower Low and Lower High Channel is occurred. Short Term it looks bullish until does not break support area.
📈 Nestle 📉 Nestle was taking support at Upward Parallel Channel since October 2020 and today it broke down. Break off this Definitely shows signs of trouble in stock. On The upside in sync with downtrending trendline and started forming lower highs and lower lows. My View : Look for shorting opportunities as it broke the upward trendline and started...
Description : Crude at lower levels following support area and a trendline zone as well. At top upper parallel levels of trendline are followed. Now at top and formed a strong red candle which can a be probable top if it gives follow through and breaks 86$ level. Support Area : Break of Support at 86$ downside will lead to immediate support at 76$ followed...
Bandhan Bank is placed at top end of the channel and just today formed nice red candle. Considering downward drifting channel it is a good risk reward opportunity to go for reversal (short) trade . Consider daily close above top of the channel as StopLoss and Target for lower end of channel.
ICICI Bank is at top end of the channel and made a nice red candle, hence might be short term top if does-not break today high. Hence good shorting candidate with minimal stoploss.
Description : HDFC Bank at lower levels following support area and a trendline zone as well. Support Area : Support at 1420-1450 Resistance Area : Resistance at 1550-1575 if broke above it then 1675-1700 Zone to watch for.
Description : Silver is forming a beautiful triangle as lower supports are getting tested whereas upper resistance levels are getting lower as you can see with trendline zone. Support Area : Break of Support at 21-22$ downside will lead to immediate support at 19$. Although Support are has been tested several time it breaks might see free fall. Resistance...
Dollar Broke out above 97$ and headed for 100-101$. #Trading #StockMarket #Stock #TradingSetup #TradingStrategy #TradeAnalysis #Charts #F&O #FuturesAndOptions #Options Trading #SupportAndResistance