after a bull run from june 23 lows of 5500 to 7800 levels in September .can see correction in coming month towards 6700-6500 levels .if futures fails to close above 8000 level in next few weeks .so on any rise towards 7800 go short important resistance 8000 on closing bases .
breaking swing high on daily time frame with 1170 closing support a move possible towards 1240-1250 level . bouncing from Down trendline support channel .
after breakout after breakout of 2 year consolidation and correction forming symmetrical triangle near retest zone breakout will be confirm about 60 strong support near 55 zone can attempt entry near current levels 56-58 as it has confirm 3 touch on downtrend line and rising trend line .next move expecting towards 80-90 levels in next 3 month positive momentum in...
as small time fram rsi enters oversold zone expecting ab ounce from 19700-19750 zone towards 19950-20000 zone in next 2-3 session .
breakout confirmed of 15 month correction and consolidation zone now back to retest zone multiple support around 93 zone with support as 93 day closing bases one can go long for rally upto 110-115-125 . in next6 month
strong support around 240 on rising trendline if holds above can move back towards 280-290 level incoming weeks . view fails on strong breakdown below 240 level.
bouncing from six month rising trend line support strong support at 100 level at current level and on any fall toward 100 level accumulate and hold for next 6 month big move possible in stock .
consolidating near 6month rising trendline if holds above 750 on day closing bases can show good move towards 850 and on sustaining above 850 towards 875 level in September month .entry zone 765-775 levels . view fails on day closing below 750 .
can enter long in range 615-620 for above target 650-675 support 600 day closing bases .consolidation near support forming symmetrical triangle formation in tight range breakout above 619.
long term uptrend channel on weekly time frame bouncing from rising trendline support forming ascending triangle confirmation on a weekly close above 975 levels .can enter early on bases of strong reversal candle on weekly hammer entry on close above 960 levels .can move towards 1180-1200 levels with support weekly closing bases 835 .
long term downtrend channel on weekly time frame formation of symmetrical triangle in process entry and accumulate in zone 230-250 with support 215 weekly closing bases. above moment can be seen up till 380 -400in next 3-5 month .and also breakout with strong candal and volume above previous swing high
consolidation near import support and showing buying interest if holds above 580 level of 580 on weekly closing bases rally might extend towards 650 levels and above in September .view fails on closing below 580 level .
If Holds on to support of 320 day closing bases a move possible to all tme high and above .
breakout of ascending triangle consolidation before some days back bouncing from breakout and retest zone strong support at 45 level one can enter longs on dip towards 50-55 levels for upward move expected up to 80-85 levels .
Lead from last 6 month consolidating in tight range 185- 178 on downside weekly closing coming near the resistance zone . expecting good show in next 2 -3 month expecting bull run in all base metal copper ,aluminum, nickel . expected lead to bounce towards 192 and if closes above 200 level by December end .view fails on weekly closing below 180 levels entry level...
downwards channel on weekly time frame good consolidation in 280 -300 range strong base build around 280 zone .if holds 280 on weekly closing bases in coming month chance of visiting 450 levels in next 3-4 month are high .view fails on weekly close below 280 level entry zone 295-305 .
If doesn't cross above 7000 level and closes with strong volume in remaining august series ,then might see fall up to 6000 levels in coming weeks .forming a ascending triangle .might possible go for a third touch correction towards rising trend line .
Biocon fut - stong support in range 250-245 day closing bases buy in range 250-260 next week with support 245 day closing bases for upside moment towards 290 in 4-6 weeks .