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 - ...
SBI bounce back from demand zone if crossed 190 resistance zone we can see good movement of around 5-8 points upside.
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...
According to CPR concept we can see good movement on downside. Target would be 151/149/148. Invalid above 156
Facing issues near 646/7/8 near all time high if crossed we can good movement otherwise history repeat again we see rejection from that level.
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.
Breaks almost one month range we can see a good movement on tomorrow. Targets 370/380/385/390
TCS near all time high, if recent supply zone breaks & it's 2320-2333 resistance level we can see a very good movement. Otherwise fall down for correction.
Relaxo still continue on downtrend if not sustain on today close or start falling down near 608 supply zone targets would be 590/580/575/578
Nice breakout with vol on Maruti if sustain next target would be 6444. If any case stock went down than good to buy on marked supply zone. Invalid below 6100.
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 Good...
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.
We can see a good movement on ACC tomorrow . Buy side 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. Sell side if not sustain on support level which around 1359-1350 see big downside movement target would be 1360/1355/1350/1340/1335 Sideways if any case sideways than...
Based on CPR concept , coming Monday we can see breakout on Axisbank, possibilities are very high. If in any case breakout not possible than we can see selling with big volume but changes are less.
SBIBANK Breakout , if sustain between 189-184 price level we can see a good movement on upside. Targets are 195/198/200. Invalid below 184.
If banknifty not sustain near by 22200 level than we can see a fall upto 21800/21700 & after that BF will bounce back and cross current level.
Please look into the chart to understand Nifty movement. I marked here movement of previous week as well as this week trend movement. If price action repeat this pattern we can easy identify setups.
ACC is no bullish trend, good to buy. Near by upside targets are 1340/1350. Invalid if breaks ascending channel pattern. we can also consider those targets for tomorrow intraday trading.