Now Look at the All well no of 45661.75. This was the the hourly SL for the Hourly PRZ long chart of 46196 to 46000 which i posted earlier. Now Holding this SL of 45661.75 we look for 48156 which was the Prev ATH from where we fell. A close above this we look for 1.272 pattern with targets of 49344 to 49457 and a close above it we look for 49780 to 50000 and...
#Weekly Summary BN 5th May 2024 BN 48923 -> Last weekly summary i had clearly mentioned that Strong support is from 48680 to 48477 and we made a low of 48659.7 and closed at 48923 Now look at the Chart and you will see that 48677.6 is the 38.2% retracement for the Rally from 46579.05 to 49974.75 . This retracement support matched with our strong support...
BN closed at 48923 taking support at our strong support level of 48680 making low of 48659.7 while 48636.45 was Prev ATh on 28th Dec 2023 See you will see that BN gave a breakout of C&H on 29th April. Is that not enough to tell us how bullish BN looks. We cannot call BN turning bearish unless 46579 is taken out on closing basis which is the base of the handle
Nifty IT PRZ chart-> Watch out for upside now from here. PRZ 34729 to 34500 with closing basis Support of 34236
If Nifty Holds today low of 21905 , I think the Bottom is done for Nifty, Let us see how this moves
One More pattern reversal at 21940 to 21890 with Daily closing basis SL of 21860. RSI reached 22 on hourly
PRZ 22020 to 21989 with Daily closing basis SL of 21860
Nifty has retested the Hourly all well no of 22224 and now at 22228. Let us see if this holds hourly closing basis. If 22224.35 All well no holds on hourly closing basis we expect22452 and hourly close above it We look for 22529 close close above it we expect 22734 to 22760 levels If all well no breaks on hourly closing basis we expect 22091 and if we...