aravindleo_99

aravindleo_99

Breakout above 252 and successful retest of it will take it to 307, 375 and 467.

aravindleo_99

Price ready to move higher with successful retest of 495 - 500 zone with potential targets of 635, 729, 861 and 1031

aravindleo_99

With 480 as immediate support SUNTV might start its move higher with multi-year resistance @ 555. There was a breakout in July which ended up with retest failure and again back to 480. Hope this time it shoots up with target of 761 and breaching it with 910 as next target. If the breakout fails there is a possibility of testing 480 and also 429 levels.

aravindleo_99

Till it is trading below 771, the possibility of price testing 627 to 606 and if that is breached then 550 is also open.

aravindleo_99

Breakout from decade long resistance and successful retest (325) of it has made SBIN with a potential long term target of 1400 and above. Accumulation has happened at lower levels but didn't reach 143 mark at the bottom.

aravindleo_99 Updated 

If support zone (189-199) is held we may reach the target 1(249) and target 2(260). Not sure the contribution will be beneficial to NIFTY.

aravindleo_99

If 945 is held on monthly basis then we are headed towards 988, 1099, 1200 and much higher including ATH. Next PIVOT support is at 868.7 and if that breaks then possibility of 813 and 746.5 will open.

aravindleo_99 Updated 

Support at 15400 holds then we may see the minimum upside target of 16600 in the coming days. Then the down move may start, but if we keep on rising will push us into a prolonged period of bear market. Caution: The red area is the yearly CPR and price is always attracted to it. Since we have not tested the CPR in this year the more the up move will ensure the down...

aravindleo_99

<> If open is above or below "NO TRADE ZONE" (15645 - 15720) then the "RESISTANCE" or the "SUPPORT" is the immediate target. <> If the open is flat and movement is within "NO TRADE ZONE" then do not enter as it leads to consolidation or sideways movement. VIEW FOR JULY'21 CLOSING

aravindleo_99 Updated 

<> If open is above or below "NO TRADE ZONE" (15700 - 15750) then the "RESISTANCE" or the "SUPPORT" is the immediate target. <> If the open is flat ~15740-50 and movement is bullish then ride the trend with the open as SL. <> If the open is flat and movement is within no trade zone then do not enter as it leads to consolidation or sideways movement.

aravindleo_99

Current support @ 2085 and 2049 is held then we may reach higher but if 2049 is breached then we may test 1980 and 1900 likely. Resistance @ 2256 - 2300 is intact. Within this year we are likely to test 1740 - 1700.

aravindleo_99

The upmove is in slow phase means its getting ready for final upmove. Expecting another 700 pts from here unless this trend line is not broken

aravindleo_99

The Auto index may be in a range and has helped nifty cross 15500 and sustain above it. Till its not able to break the resistance @11100 it has started a LH and if sustains below 10200 will confirm a down move.

aravindleo_99

Good to buy around 2423 to 2253 and if that breaks we can see 1700

aravindleo_99

If 2800 is not broken then we may again reach 2544 and if broken down we may see 2323, 2260 and 2102

aravindleo_99

Trading below 1285 on a weekly basis, we may see 1131 and breaking below that we may see 1010. On the upside 1500 might be a strong resistance in the coming months.

aravindleo_99

If 1099 is held up on a weekly basis then we may reach 1200, 1300 and 1400 else we may see the downside of 923 and 875. But crossing 1320 is going to be tough.

aravindleo_99

Breaking the current high of 1064 we may see 1140 and if crossed 1200 but that is where the fall begins and again good to buy at 725. Problem is there is no good volume with increase is price which is a worry and it is creating a megaphone pattern in higher time frame.