Bullishflag Breakout in banknify. Providing 1:1 Ratio
For intraday trade after breakout.
Prices making Higher highs but RSI is Flat, high probability of going down
L & T
PETROL AND DIESEL PRICE ARE RISING
The 30 min chart making lower high and lower lows and took support at daily level and also on Fibonacci 61.80 level (Strong Support), now it may break the trend at the confluence point.
Buy if breaks 35.30 level.
Price bounced back from Strong Support and made a bullish candle showing a trend reversal. Target 33.50
If a shooting star form in this month there is a high possibility for market to go lower to 12400 level, with financial ending in march and following covid-19 it increases the chance of bearish sentiment in market. be cautious while investing.
Tata Power after a resistance on first breakout taking support on trendline made a Bullish Candle with High Volume.
if NIFTY continues the down rally it may retrace back to the 23.60 level.
HFCL after its Q3 results is returning to its support level, there is high probability of the price to bounce back from its support level.
Price is trading at a zone for some time forming a inverted Head & Shoulder Pattern.
if breaks the triangle and support level we can short.
Following a Double Top, if the price closes below 429.25 we can short.