* Trendline Support gets broken * Weak below 4200 * TGT1 could be 3800 * Tgt2 could be 3530-3500
1. Downward Channel breakout is already given. 2. After a strong breakout, consolidation is happening. 3. A strong close in a 30 min candle above 22300, can trigger Short covering Rally 4. Tgt1 is 22555 and Tgt2 is 22706 Disclaimer: This post is for your educational purpose. Learn and Earn is our motto.
REPCOHOME cmp 530.10 Time Frame: Weekly chart Upside possibility: Min 30-40% returns Add qty on dips Waiting period : 6-9 months SL : below 430 (WCB) Note: Educational purpose. Please do your own research before investing.
* Downward channel pattern * Resistance and Support levels are mentioned * A 30 Min candle has to come out of the channel and close above mentioned resistance level * If that happens, we might see a rally up to 48500
* NIFTY current spot price 22530 * Looking Bearish as the Trendline support is broken comfortable with a Bearish Candle * Stay cautious with Longs, atleast for next week * Possibilities on the downside is 22000-21850 * SL above 22800
IBREALEST - Looking strong in Weekly Time Frame * Survival of the Fittest in this Weak market * Technically structured pattern * Waiting for a Trendline resistance Breakout * Looking good to go long from here !!!
This is to share the technical analysis with you all! * Technical pattern: Rounding bottom in 30mins TF * Broken horizontal resistance with powerful Bullish Candle * Best range to enter 222-220 * Looking good for upside movement up to 15-18%
current spot price 46600.15 1. Waiting for the candles to come out of Downward channel 2. Strong closing in a 30 min candle is required for further upside movement in BNF 3. If broken, we might see some sort of relief rally (500+ points)
RICOAUTO - Huge BO earlier and now Retesting is almost completed.
Nifty is going through distribution phase. Time to be cautioned !
As mentioned in the chart, couple of GAPS are there pending to get filled A close above 16850 and successive higher high is a must for next BULLISH RUN to begin. However, it would safe if the pending gaps are filled and then close above the key mentioned levels