Break of downtrend channel Break of previous resistance area Area of resistance may act as a support now Risk to reward excellent
Stock made double bottom at almost same price Went into consolidation (VCP) Broke out of it Now may return to test its resistance turned support area again Risk to reward will be excellent if bought at lower levels Patience is the only Key !!!
Bank Nifty on pullback Retesting its breakout area If successful this area will act as a major support in coming days If failed this area will haunt us for a long period
Break of triangle may take Nifty upto 17500 levels Accumulation is seen in this current area
Broke out of the trend line Now resting at very important support area 37000 will act as a hurdle for now, above that will create a panic in Call Writers 36650 will act as strong support
If sustains the current area, may edge higher Break of trend line with a bullish hammer Need to take out 17200-250 area to follow the move 16980 acts as strong support area All nifty 50 stocks showing taking strong support at respective areas
Stock in perfect uptrend Respecting trend line At important resistance turned support Risk to reward excellent View negated below 82 Tgt 125+
At strong ssupport MacD ready for turn around Taking support at trend line Risk to reward favorable XABCD Pattern View negated below 65
Inside bar for 3 days In a range for quite a some time now resting at a very strong support area of 149-163 If accumulates more can show a uptrend again for 200+ levels Any close below 149 will negate the view
Holding Area of support Holding Trend line support as well Bottoming out of MacD done Seems ready to fly Risk to reward excellent
Strong Bullish hammer at support All the time price fell without volume support Risk to reward excellent if bought near lows View negated with close below 64.50
At Resistance turned support area Close below 120 will make it bearish Buying at lower levels near support area suggested Strong retracement possible
Negligible risk Strong support area MacD bottoming out If sustains the current area may again try to reach out for 470+
Expiry Day - Market Sentiment Bearish Sell on Highs till Trendline Area of resistance not broken Downside 37000 /36850/36600 Key areas
Holding 200 MAs Also at previous Resistance turned support area Bullish engulfing day bar Lack of volume remains a concern Still buy on pull backs in hourly can happen till 59 is not breached
Current pattern suggest some buying may come from lower levels lets see how it plays
Stock stays strong even in weak market 180 seems to be a strong support area Seems like it will hold this area Add positions on lower levels Targets 220+
Even in the weak market stock not able to break Trend Line Making higher highs & higher lows continuous At previous resistance turned support area Bullish till 1060 not broken