Wipro (long term pick) This stock made low of 159.40 on 2nd of March 2020 and made a high of 738.50 on 1st of October 2021, a complete rally of almost 600 points. Since then, it started falling and made low of 352 on 3rd March 2023 which corrected its for 61.8% of Fibonacci levels which is considered as golden reversal for fresh rally in the technical world....
Nifty Support 19450 Resistance 19800. Expected range bound trading until and unless it breaks the resistance or support. Buy on dip would be more fruitful and expect that it will break the resistance of 19800 and achieve a target of 20100---20500—20850—21100 in near term. Fresh selling will do if it succeeds in closing below 19450 levels. Trade with the given levels only.
Banknifty forming a triangle pattern. The demand zone is in the range of 43600--43400 with a stop loss of 43300. With this analysis, we can expect a rise to 44500--44850 levels
On the basis of Nifty's remarkable non-stop journey from 8000 to 18000, it just made a high of 18604 on 19th Oct 2021 and slipped to the level of 18034 where it took support of 50% retracement if we can measure it from 17452 to 18604, and if it holds its support level of 18000 then we can expect a fresh upside move towards 19,000 and then to our final targets of...