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
Bank nifty above 40800 in 4 hour chart will provide us an opportunity to BUY 40500 CE for next week with Strict Stop loss
Bank nifty Taking support in Day chart and any breach below 41500 is negative . As Finance budget by 1st week of feb will invite more volatile swing
Nifty 1 hour chart reveals the Rangebound between 17770 to 18170 Break out on either side should be viewed for Trading. Option sellers this is better option.
Banknifty crosses 42700 in hour chart we can buy CE 1 hour chart reveals that any close above 42700 and sustaining 15 minutes candle, we can buy 42500 CE expiry with Strict stop loss
Reliance Pin bar found in Day chart. If price closes above todays high, then we can go for long.
NIFTY DAY Day chart with Near support and bottom. BELOW 17750 - Next Target will be 17500