STOP LOSS SHOULD BE TODAY'S LOW
WHILE STUDYING ABCD PATTERN. BC HAD CLOSED JUST BELOW 1.13% RETRACEMENT OF AB(FALSE BREAKOUT WHICH COULD NOT TAKEBANK NIFTY TO HIGHER LEVEL) AFTER THAT BANK NIFTY HAS CORRECTED MUCH. ON FRIDAY NIFTY HAD GONE JUST BELOW 88.6% RETRACEMENT OF AB BUT BOUNCED BACK. PERFECTLY ABCD PATTERN HAS FORMED. HENCE WE COULD SEE A BOUNCE FROM THIS LEVEL FRIDAY'S LOW IS...
SEE MY PREVIOUS POST. FOLLOW ME TO GET SUCH IDEAS LIKE MY POST IF IT HAS HELPED YOU
IT IS RESPONDING TO SUPPORT. MAY REACH 19. BUT TRADE AT YOUR OWN RISK. THIS IS MY VIEW ONLY.
AS MENTIONED IN MY PREVIOUS POST NIFTY TAKES SUPPORT AROUND 11040-11044. LIKE MY POST IF IT HAS HELPED YOU. FOLLOW ME TO GET SUCH UP DATES
MEDIUM TERM OUTLOOK SEEM TO BE BLEAK. HOWEVER IT MAY GIVE A PULL BACK. IT MAY GO DOWN TOMORROW AND RECOVER SOME PULL BACK SEEMS TO BE ON CARDS. 11041 IS CRITICAL SUPPORT FOR NIFTY.
PLEASE GO THROUGH MY PREVIOUS POST. FOR TODAY TARGET HIT.
TARGET IN ONE OR TWO DAYS IT IS UST ABOVE 50 DAM HENCE RESISTANCE EXPECTED HERE
nifty closes below 20 dma and imp trend line. candle stick long shadow and red hammer. trend confirmation at this stage is not confirmed. nifty needs to take out the trend line and 20 dma for its bullish confirmation. 11902 is important support breaking below this nifty may drift to much below lower levels(11785) net support
RETRACING FROM MEDIAN LINE . MEDIAN LINE PROVIDING SUPPORT.PLEASE SE MY MORNING POST
IT SEEMS IT MAY TOUCH IT IF IT DOES NOT FACE AGAIN F&O BAN.
IT MAY GET LITTLE SUPPORT HERE. WATCH IT CAREFULLY
IT IS NEAR THE SUPPORT. MY PREVIOUS CALL OF 07/02/2020 FOR TARGET 44 ACHIEVED ON FRIDAY. IT IS LIKELY TO BOUNCE FROM THIS LEVEL IF ANYTHING POSITIVE IN THE RESULT. WATCH CARE FULLY BROKERS RECOMMENDATIONS. PLEASE GO THROUGH MY PREVIOUS POST ATTACHED HERE WITH. FOLLOW ME TO GET SUCH IDEAS. LIKE MY POST IF IT HAS HELPED YOU.
HCL TECH MAY FACE RESISTANCE AT THE DASHED LINE SHOWN IN THE CHART. IT MAY TAKE OUT THE RESISTANCE TO REACH THE TARGET
MAY NOT FILL TODAY. IT MAY ACT AS SUPPORT.
WATCH MY POST OF YESTERDAY. FOLLOW ME TO GET SUCH IDEAS LIKE MY POST IF IT HAS HELPED YOU