Two indicator shows us, how much bank nifty moved for a week against how much is moved on expiry day.
Shorting opportunity on weekly chart. Candle has touched top trending channel and formed Engulfing pattern at the same time.
Weekly expiry candles from June last year. each candle represents open-close on expiry day
one more dip pending before next up move?
Evening start pattern on daily chart on a short downtrend lower high. Also Dark Cloud Cover pattern is formed on weekly chart as well.
CEAT is on down trend on weekly chart and its near its resistance trend line. it has formed evening star pattern on lower high.
will wait for gap to be filled and it is 1.618 fib support line as well.
Nifty has attempted to cross upper trend line for 8 time, but not able to cross it.
there is a short opportunity as inner(blue) trend line is at the end of bigger channel. outer channel can be stop.
watch out for resistance red lines. fresh buy only above last trend-line.
Will be difficult to break 17900 mark
these are not strong support, but will be interesting to watch at these levels. its not a trade idea.
HDIL has taken support at fibonacci 38.2 level for some time now. can reach upper band in short time
There is huge resistance at 8330. can be shorted for target of 8100+.