To see upside movement Bank nifty need to sustain above price level 21920-22000.
facing resistance near about 22000 -22050 price level
Above 22250 price level we see good price movement upto 22600
Good by for buy above 22250 or down side 21800/21900
if see rejection on 22234-22250 or 22000 than go for sell upto 21900-21890
or if not sustain on demand...
Motherson Sumi price moving between ascending triangle price pattern. As per my understanding we can breakout tomorrow and day tomorrow. Possibilities are for tomorrow.
Upside target 95/96/97
if any-case we can't see the breakout stock will travel to downside triangle boundaries and than bounces back.if any case unable to sustain and we see breakdown that...
After taking support near 400-404 support zone stock starts create new Higher high high lows.
Might be face some rejection issue near resistance zone 414-417/8 after that or near by there stock get good movement.
invalid for buy if breaks support trendline. hope we can a good movement tomorrow.
Gap on 21 July not unable to sustain but today again taking support 200 EMA and volume also support which is good signal to stock go upside.
Today's close above pivot & 200 EMA so might be can see upside movement on tomorrow trading session and if stock got good movement than achieve upside targets.
1st Target 1376
2nd Target 1391
final Target 1410
Resistance trendline breaks and retesting done at 1400 price level. As a result stock went upside and create new high.
Now taking support on last resistance and if sustain than again we can see a new highs.
After a good movement from 1100 to 1300 stock is went into correction mode.
Range bound from last 10 days.Moving between demand & supply zone.
Might be continue bullish trend or vice versa.
For breakout following points we need to consider.
Need to break resistance level 1260-1263.
Need to break resistance trendline with vol.
RSI > 50
Note - ...
We can see a good movement on ACC tomorrow .
If crossed 1376 it's resistance level and sustain we can see a good movement on upper side 1390 or 1400 plus will be a target.
if not sustain on support level which around 1359-1350 see big downside movement target would be 1360/1355/1350/1340/1335
if any case sideways than...