In one hour time frame it seems bullish gartley pattern is being developed in case of reliance.Trade should be initiated after confirming trend reversal at around 1280 with stop loss of 1250 for the target of 1329 and 1360
After trading in narrow range continuously for two days range breakdown of amara raja battery has taken place. Expected target 596 .
large moves may not be expected
Please watch care fully. As it is in FNO ban today
Appreciable move expected from bank nifty. NR7 day was observed on 04/06/2019. How ever if profit taking observed bank nifty may come down to 30916. How ever support resistance levels may be observed in the adjusted pitch fork.
If 1st support does not hold it may go down below 95
of course it is already down. let us see if it touches the target line.
achieved the target support line not holding nifty coming down
REACTING AT THE TARGET LINE AND RED BAR FORMING. LET US SEE IF FURTHER UPSIDE IS THERR
With splendid nda performance target seems to be 12030 today