Support is being tested multiple times now become weak, considering the negative news one can short and expect good targets.
To Short wait for the previous day low to be broken.
DISCLAIMER-AT YOUR OWN RISK
BN can have 3 scenarios
1)Gap Up-(300-400pts) Market will move, profit booking can come considering the current situation hence can fall
2)Gap Down -Selling pressure will be there hence may give a good fall
3)Almost near the closing-if previous day high broken buying can take place
else if it is trying to break 33750 levels near the last red hammer candle then...
Market Will try to remain in this range 32700-33700.
Above there is a good Resistance as there is a good selling and below at 32700 there is good support.
Tomorrow in all three cases normal, gap up, gap down opening there is going to be confusion. which can be seen with support and resistance.
Let The highlighted Zone be crossed and then one may look for long...
One can buy out at the mentioned level as this was a gap earlier, once it fills that gap or forms a bullish candle in that zone ,one can go for a long with proper risk management.
These suggestions are discretionary and one must only take if it all with proper risk management.
BN is in the range , don't consider it a trend reversal although you can expect a good intraday move but don't create any positional trades, it can be that it will again come to retest this base and form w like pattern and reverse the trend, wait for the price action
It had been in a range now it has given a breakout. One can take a aggressive long entry, or wait for the next candle if it is a Dozi, it might indicate a breakout failure, which can trigger good selling, then one can take short positions on intraday basis, keep this in your watch list
Bharti Airtel has been consolidating for a longtime also that is a good fibo level,from here it can give a good upside breakout,as we can see buyers are coming which can be seen in the last candle.
PLS DO LIKE, IF YOU LIKE THE ANALYSIS.IT WILL MOTIVATE ME TO PUT MORE SUCH THINGS
M7M finance has broken the channel after a longtime one can see the price behaviour of a stock, it gives breakout retrace back take support and then a good move, the same scenario is here.It has taken support in the green line which was a Resistance ,Now ready for Upmove as its forming a big Green candle on the support.
We can expect a continuation of today's selling, Once the low is broken Target can be Fibo level of 0.618 where we can expect buyers pushing in. For many days there has been aggressive selling now sellers have become weak bulls that might push in that psychological level. Price is self-explanatory.
It was consolidating for a long time now after giving a breakout it has retraced back and again continuing its uptrend, One can go long as it can create new highs as there is no resistance above current levels except from where it reverses back that is somewhere around 176 levels
ICICI Bank has retraced to 0.5 Fibonacci levels on 15 min tf from 590 levels, if tomorrow it comes to retest this 590 level it is a W formation, one can go long on ICICI Bank if they spot this opportunity