BN is looking for a bounce till 50800 to 50900 levels. As seen from the chart. closing below 50300 will negate this. 1:3 RR Please note this is not a trading advice.
Banknifty is trading in a box breakout on any side can lead to mentioned targets. On the higher side my first target would be near 54800 and second target would be around 57000. In case of breakdown from the mentioned support zone we can see 50500 soon. I am biased towards the higher side looking at Private banks especially HDFC Bank. Also I believe we can see...
Reliance is at a major support level if broken can lead to some more down side. only hope is 200 DMA around 1170 levels. If it is broken then we can see levels of around 1000. this will be a major correction if it breaks these levels. Hence NIFTY may also be affected.
Nifty looks like it is about to break the head and shoulder pattern. Below 24450 the next support is around 24000 which I do not see holding since the target for the head and shoulder breakdown looks to be around 22800 and the next major support is around 21800 which looks like a healthy 17% to 18% correction from the top.
Banknifty is consolidating at bottom of the channel once there is a breakout from the red line there will be a small resistance around 52K once it passes that I see 54700 to 55000 soon. Lets see..
Nifty has confirmed breakout from the channel, I am looking for 24200 to 24300 as target in coming days.
HDRF Bank is in range, and is possible for a breakout, and targets are given in case of breakout.
Nifty is breaking below the range can give move towards 20500-24480 range. Next supports are also given. Note: 24200 is a good support.
Tatamotors above 1000 can move towards all time high again close to 1048/1050 above that can go up big.
Banknifty is at the bottom of the channel providing good opportunity for long. Breakdown from the bottom would hit SL My target would be around 55K. A breakdown could result in Banknifty reaching around 47K levels very quickly.
Looks like something is cooking here, Lets see how it goes.
LAURUS LAB is about to give a weekly breakout, confirmation by end of week, One can look for specified targets in coming days. SL Below trendline on closing basis.
HDFCBANK channel breakout !! It is retesting the breakout zone, SL below 1700 on closing basis.
If Reliance breaks the support we can see targets on the downside.
Banknifty has broken out of the channel, There can be a possibility of dip tomorrow if we are lucky, I am looking for a target of 54700 to 55000 in coming days.
Nifty 23600 is at support zone one can buy with the strict SL of trendline low.
Looks like Nifty has broken out from the triangle in hourly chart. I am looking for a target till 23750. SL below 23470.
Nifty is at support, if there is a breakdown of this support line then we can expect 23200 to 23150 levels.