Over the past four days, the Nifty 50 index experienced mixed movements, closing at 23,914.15 on November 28, 2024, after a 1.31% decline. It had risen 0.33% on November 27 but saw marginal losses on the previous two days, indicating caution. But I strongly feel that this is just a pull back and 23800 will act as a strong support even eventhough its direction will...
A intraday shorting opportunity in Asian Paints. It reached a strong resistance zone, took resistance and came down a bit and broke the lower trend line, which indicates a slight weakness. If Nifty is consolidating or moving down then there are very high chances it can come down to 38.20% of Fib retracement before breaking the resistance on the higher side.
This is a clear battle between the price action and other global and local cues. The surging covid cases is a threat for sure. That is one main thing pulling the bulls back. Bank Nifty seems to be bearish. 32,325 is the first main resistance, breaching that level the market could turn neutral from a bearish mode and enter the previous range of 32350 - 33250. BN...
- Profit booking just after the previous major resistance around 179.5- 181.5 - Reached 78.6 of Fib retracement. High chance of taking support here. If breached might come down to 138 level. - Next bullish run will have a easy run to 187.6 and then 194 - Resistance at 194.6 range NSE:MANAPPURAM
Biocon is structuring an M patter with a mix of red and green candles. Expecting 360-367 in the coming days before the downtrend. NSE:BIOCON
Expecting a bullish ride in the coming days after breaching the previous resistance between 287.3 to 290.3 PS: This is purely based on my analysis and study. Please do your study before trading. NSE:TATACHEM