playing in a wedge hit the bottom trendline and going up 492, 503 will be minor resistances stop loss : hourly close below 472
News Based rally Hit the trendline Could be seen targets such as 715 702 687 675 660
Either it can go up to top of channel or breakdown handsomely.
All the blue horizontal lines are targets. close below the trend line is needed.
It may drop from here
expecting it not to breakout. most likely it will play as mentioned
Current Price 1.073 take out easy money 1.03 0.97 0.94 0.9 remember me then with a hello
Targets are fibo retracement levels
It has gone up in quite a good fashion. Also don't think RBI will intervene in the earliest. Resistance at 75.9 Resistance at 76.5 Resistance at 77.2
Nifty took support at 61.8% today and may come to 78.6% or go higher. Not seeing any massive movements soon. There is a small gap below, It may come to fill the gap (12259-12287) very soon. Also harmonic pattern suggesting a downside movement must happen for it to blast up. The big gap will have to wait for a crash in future to get fulfilled. I hope post...
It may stay in the channel or breakout. however, in near term it must test the high of the flag channel.
Not any trading suggestion. Just a possibility for coming days. NiftyIT must correct.
Break any side will give very good movement. Intra day bias is bearish. Near term target 32700 and 33000
Pull back to 62-62.5 Minor resistance at 60-60.5 Then back to strong supply zone at 55
Hurdle Zone 329 - 340. Close above 340 in daily chart will make it supremely bullish. Near term Target 370-380