devashisht0712

devashisht0712

Huge rounding from pre covid levels and now back to the place, if cross above 195 and sustain, stock can give 10-15% gain in a jiffy.

devashisht0712

Levels, will definitely work better than pivot points.

devashisht0712

Follow up will be seen if the RSI gives go sign, keep an eye.

devashisht0712

Above 2240 looks good, but keeping in mind that Thursday is the AGM and price action following from last weeks suggesting an upside move can come.

devashisht0712

Above the trendline (157-158), can start the momentum again.

devashisht0712

Downside levels for DJI if it continues to correct further. It have already broken down the upper channel and now may test the given levels if breaks 50EMA as well which is currently acted as major support.

devashisht0712

Remember Indian markets are correlated with the US, what happens on either side will have an effect on the other side as well. No need for panic selling just be cautious as all the major indices are forming bearish patterns and coming to test supports.

devashisht0712

Even on days like today, trendlines work the best. There can be a minor difference but mostly it works perfectly to watch levels.

devashisht0712

Looking at volumes seems like getting ready for a huge breakout.

devashisht0712

Can be a good buy with a strict small SL

devashisht0712

Long time trendline resistance touched and reversed

devashisht0712

Showing strength in weak markets, above today's high can show good upside momentum

devashisht0712

Below this it will be trouble for bulls

devashisht0712

Below this, it will be trouble for bulls

devashisht0712

After breaking the long-term trendline, BNF should take support at the first blue line as it was previously a strong resistance and now may act as a support. incase that is also broken 50MA which is near 33600 currently should act as a major support level.

devashisht0712

Buy 5000 ce and pe for july series. Before the result. Total investment- 82500

devashisht0712 Updated 

THE SHORT-TERM DOWNTREND MIGHT GET OVER IF WE CROSS AND SUSTAIN ABOVE THE LAST HIGH. IT WILL BE GOOD TO CUT SHORTS FOR A WHILE AND STAY CAUTIOUS TILL EITHER 15900 OR 15600 IS CROSSED AND CLOSED ON THE DAILY CHART.

devashisht0712

A close below the blue line will not be good for bulls and will start a short-term downtrend we don't start trading above the trendline again and secure the 35k mark.