CDSL gave a good breakout after consolidation, now its, coming back for a retracement one can keep a watch on it and accumulate at retracement levels.
The zone has been tested multiple times, if this zone is broken then we can expect BN to reach the nearest support as it has been tested multiple times. One can either short call or buy put with proper risk management. execution at own risk !!
NSE:BANKNIFTY Bank Nifty is forming a descending triangle, the base marked has been tested multiple times, hence has become weak, now once this zone somewhere near 32000 is crossed, one can go short, that is one can either sell calls or buy put with proper risk management. If a green candle is formed wait for the retracement levels. execution at your own risk !!
NIFTY is forming a good channel, the zone marked in the rectangle can act as a support, we can expect the market to fill the required space in the coming days. Further, if that is broken 14200 levels won't be new for us. It's better we can say considering the overall global sentiments it looks bearish. PLS DO LIKE THE ANALYSIS :) DISCLAIMER IF EXECUTING DO IT AT...
BANK NIFTY is forming a narrowing range, in short term, there might be some volatility but can give a good breakout in this month-end or next month. if we see the price action we can see a W is to be formed, this can be confirmed by the Fibonacci retracement level of 0.5 30750 level is a crucial support for it to give an upmove. PLS DO LIKE THE ANALYSIS :)
NSE:INDUSINDBK it is consolidating for a good amount of time one can go short on an intraday basis tomorrow with risk to reward of 1:2. Idea-once the zone marked in black is broken one can go short bank nifty as well as global sentiments are weak hence we can see a good move on the downside DISCLAIMER-I AM NOT A REGISTERED BROKER DO AT YOUR OWN RISK PLS DO LIKE...
The zone has been tested multiple times, hence weak, also the breakout has taken place on a monthly time frame one can go long on this and expect a good move. PLS DO MANAGE RISK!
It has broken the trendline, it may not give a straight upmove it might consolidate a bit and then give a move toward the peak marked. Considering the summer season one can accumulate as there is good demand for electrical goods. This analysis is a combination of technical and market analysis. Please Do Like Analysis !!
Here the zone has been tested multiple times , there is a false breakout in between although, the ascending trendline shows buyers are pushing in and the zone has also become weak. Reason to go Long Zone tested multiple times Commodity Uptrend Cycle has pushed commodity and metal prices up Expect a good upmove in the coming days one can take positions in...
One can accumulate this now and expect a short-term target till the peak, this is with reference to the CNX AUTO index as it has also formed a base and trying to move upward rest explanation is given in the chart
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...
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
Zone Is being tested multiple times,if breaks this zone then we can expect a good fall
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.
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...
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.
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