As per the Chart, Crude nevel level 6600 will be a good buy zone and from that level it should retrace as per price action. It will be a better risk reward trader if we get an opportunity to buy at 6600 for this expiry
CRUDE MCX will break this symmetrical triangle in 1 hour chart. We can go for long if it breaks the range
As per the Trendline multiple resistance and support taken, we can go for long if it breaks above 19500 in 1 hour candle and can go for short if it breaks down below 19240. This is my view.
Nifty seems to be in Pole n Flag pattern under Day chart. Above 19500 , we can consider going long
With the pattern found in Day chart , Wipro is inching towards the target of 465- 470. Can go for long with clear stop loss of 430
Fin Nifty break down and moving towards 19300.. Chart pattern seems to be Negative and not suitable for OPTION CE buyers.
Crude Oil - Head & shoulder formation is there.. let us see the price action below the level 6600
Whether Bank Nifty is in the formation of Head & Shoulder .. Not Sure. But interesting pattern to be watched.
HDFC Bank has to Retrace upto 1260 before it break down for healthier correction. Also it took 200 EMA support. Not an easy way to break down next day. Hope it should Retrace for better price correction.
Fin Nifty Retracement towards 19800 and from their Break down is possible by next week. Hope market will not go down in a straight line as it has to Retrace and only then it can break down for healthier correction. This is my personal view.
ICICI Bank Retracement expected before it can go down. Target : 970. This is my view and Option traders can take a call according to your plan
Nifty can move on these direction and possibilities has been shared with price level on Wednesday. Based on which we can decide on our Trade
NIFTY Trendline break out will be positive for LONG under DAY CHART. Else it will be a Retracement after touching the Resistance. With long tail taking support from 50 EMA.. it should bounce back before it can breakdown
Bank Nifty formed Head and shoulder pattern under day chart. As per this format, next target should be 43000
Nifty under Day chart in the Range and can be considered flag pattern ! But the trend is negative. Unless there is a big trigger Globally and Strong macro news, upside move is capped.
As per the Day chart , SUNPHARMA inching towards 1200 all time high! Need to be cautious as Retracement from this level will be healthier for Swing trading
Gujarat Gas forms inside candle under weekly chart. Break out / Break down on either side will favour good risk reward for Swing Trader
LIC HOUSING Inching towards 470 target as per Day chart with better volume. Option trader can have better risk reward with 460 CE for AUG month expiry with strict stop loss as per their Risk Management