whats your take on this ... close to 200 ma may taje support tere and also in order to form a triangle pattern....
just marked an important level analyze by your own what can price's behavior be from this level onwards..
as it is price action behavior from here onward we can expect a good up move in HDFC BANK as it is getting strong rejection wick at trend line..
Lupin is at its supply zone facing resistance at these levels this may give a break out and can continue its uptrend (supply zone may turn into demand zone) or can face sell off... keep track of it its my view and analysis only not a buy sell call in any stance...
this a pure price action analysis of ITC for long positional trade it can give an upward rally as per price action analysis.. and it is at its 2nd BO levels from here can be a good entry planned for short term positional trade. be you can see there was a accumulation phase down there ,here it comes to its previous support levels and now it has given a clear...
trade based on upport and resistance level i e PA based do analysis by your own watiching chart and marked levels
It was trading in a range now it has given a breakout may shoot up direct or can give pullback or can test its now support earlier resistance level...