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
Biocon is on the breakout and target 270 as per Day chart. BIOCON 270 CE for Aug. will provide better Risk Reward for option buyers.
As per the DAY CHART OF HDFC Bank and two Red candle under day chart, next level to be watched is around 1625 to 1630 before any Retracement or bounce in the stock
Reliance industries under 4 hour chart forms Head and shoulder pattern ! Take the trade accordingly
Bank nifty may fill the GAP till 44400 and from there it can either break down or Go towards 45000. Important level to watch 44,400 for swing tradring
Bank nifty 1 hour chart with pattern to be considered for LONG , if it breaks the range
Bank nifty above 42000 will be considered for LONG. With trend line resistance and support taken on the horizontal line give us better clarity for better decision making.
Based on Today's price chart - Bank nifty expected to touch 40600 With strict stop loss we can go for 40500 CE for better Risk Reward
Watch Bank Nifty 42600 CE and 41200 PE for next week expiry Break down or up above these level will have BIG move on either side. Option sellers will have advantage till this expiry if market have Rangebound move between this 1400 points.
Nifty forms W type pattern under 30 minutes chart, and break out should take Nifty to 18000.
Bank nifty Inverted cups- Different pattern in Day chart. Couldnt get what type of pattern is forming . As a Trader , not to trade for a week atleast
ICICI Bank short term target 860 for FEB MONTH options From the Day chart , it should bounce back to 860 level and opportunity to buy CE for feb month expiry with Strict SL
As per Kotak bank DAY CHART, next short term target will be 1760 with Strict stop loss. 1800 CE can be bought for feb month expiry