ITC reaches at it's life time high resistance level, now will it face some resistance or profit booking here. Last time it falls up to 240 level in 2017.
On a Weekly & Daily Chart, Nifty50 shows a breakout and able to close above on it's resistance level ie. at 17327, now in coming days we can witness nifty50 testing it's next resistance level a17530 & 17620 for more upside. Happy Trading🙏🏻
If you look at the chart, you can easily identify the uptrend movement on chart from last few days, earlier we had predict the downtrend as per lower highs & higher lows pattern up to our support level. Now waiting for filling that gap on chart and test it's resistance level at 16521. If it happens then we can still achieve approx. 20% return in short term. Happy...
Is it really a Flag Pattern on Candle Stick chart of Page Industries then we can see an upside of 25% soon but it needs to give a breakout from upper resistance line of Flag. Watch more at chart for better understanding.
Look at HDFC Bank Chart, on Friday had taken support from it's trendline and able to close his day above the trendline successfully. But on tomorrow, need to look at that level again because if breakdown will happen then we can see share price trading near by 1400 level.
Dear All,
If you have a look on chart where Share Price had break it's major support at 3473 and closed at 3444. Now as per my analysis, this share will decline more towards 3300 level now where as it has a support at 3368 level but most likely it will break that level as well and reason are as below:-
Reason for such prediction -
#1 ) On RSI, it forms a...
On the last trading day, Nifty Metals had faced the breakdown of his trendline on daily chart. Now it will take support from it's next support level at 5282 & 5169 & then 5000. Such fall in Nifty Metals will cause more panic in market and we will see more decline in price of its major contributor Shares which are Tata Steel (23.56%), JSW Steel (15.38%), Hindalco...
JSW Steel is on the edge of his support trend line below @ 640 level, hope that on Monday it will break it's support level because We had seen a breakdown of Trend line on Nifty metals during the last trading day. Just refer my another idea related to Nifty Metals for more information about that breakdown level.
Dear All,
Currently Nifty50 is forming a descending triangle on chart and looks like that NIfty50 will loose another 400 points in coming few days up to 17327 level. You can have a look on chart for more information about all Resistance and Support levels.
