BNF is trading in a range bound area. BO on either side will give 1500 point movement. BO abv 35800 can give movement till 37200 and BD below 35000 can reach levels or 33600 - 33800.
BNF looks weak compared to Nifty. If it breaks the low of 32300 then it can fall 1500 points to 32800 which is a trendline support.
BNF is forming inverse C&H and the neckline is 32300.......
Since 10 months ISEC is trading within the channel and has give a good BO with good volumes above the channel and the falling wedge. if the stock retest its support level of 425, can be a good buy near that price with 370 as Stop loss on daily closing basis. It may reach it high levels of 525-550. At a risk to reward ration of 1:2 it is a good investment stock...
weekly RSI is very bullish mode and daily price has crossed the resistance of last almost 1 month time frame of 2770.......one can buy with SL 2700 for target 2950 or so.
BNF is making lower lows on hrly basis and now since 26th Feb is range bound within 1500 points.
It has made a Bearish H&S pattern and if it breaks the neck line which is at 34900 then we expect a fall of around 1500 points in BNF.
The hrly bnf is also trading below the Inchimoku cloud and next support on Bnf looks like 33500 which is a gap
Bodal Chem is in making of H&S pattern on weekly charts. Closing abv 90 on weekly basis will confirm the BO and the pattern. Stop loss for the trade will be 65 (for conservative traders) and 58 (for agressive traders).
On weekly basis the RSI is being supported at 60 which is confirming the trend may grow strong....Best buy can be near 75 price....
Silver is consolidation since almost a month making lower high.....resistance is 71800 and a pattern of ascending triangle is made.
Break Out abv 72000 can take Silver to 76000 - 77000.
Break down below 68700 will take it to 64000- 65000 levels.
