Target 25150 on upper trendline.
Regular Divergence, Bullish Engulfing, Support from trendlines and decent volum3 on last weeks.
if channel holds, immediate target can be 3000.
Bank nifty can be brought with SL of 24500 for further move.
There is a channel support at 64.2000. with small stop loss target is around 65.
There is a resistance near 25820 and 25870. Until it's broken convincingly, bank nifty will remain in the range.
Nifty is trading near long-term support trendline. Next one week will give us clear direction.
Bank nifty is near resistance area around 23330.
Bank Nifty bounced from medium term channel. next resistance is around 650/700. we can still go long from here, but sl will be big.
Bank nifty short and medium channels
There is a resistance at 9680. we can short at CMP with sl just above 9680
Nifty has broken out of channel today, sl can be 9610
Bank Nifty has a good support around 23390. can go long from there.
there is good channel support at the end of the day for next up move.
Bearish Engulfing has formed on daily chart at the channel resistance. TCS can be shorted for short (1 week) to medium term.
There is a good resistance near 10000 mark on weekly chart. Nifty can enter in to bear phase for next 6 months. Wait for right candle pattern before shorting.
There is channel resistance around 23030. can be shorted for the target of 200 points
bullish engulfing formed at the end of every down trend.