banknifty braks important resistance.
we can see targets of 38800 in coming days if sustains above 37800
banknifty at an important resistance of 37800-37900 supported by 200 period ave and PDH.
If it breaks we can expect target of 38200 and 38800.
nifty may see some upside to the zone marked if it sustains above CPR and breaks PDH
nifty breaks important support. with a narrow CPR and opening below CPR and sustaining,
we saw a trending day. can expect to consolidate with a wide CPR
banknifty unable to cross previous day high and has broken important support.
if it opens below CPR and sustains we can look for short opportunities
banknifty creating W pattern at an important CIP location.
looks bullish if sustains above previous day high and R1
nifty50 is creating a double bottom pattern at an important CIP location.
if it opens above CPR and sustains above it we can look for long opportunities.
AFTER A BIG FALL. HDFC LIFE SHOWING SIGNS OF PROBABLE TREND CHANGE. CAN GIVE A GOOD RISK REWARD TRADE.
AFTER A GOOD CONSOLIDATION HDFC LIFE IS SHOWING SIGNS OF TREND CHANGE. CAN GO FURTHER UP
STOCK DIRECTIONS ARE MENTIONED IN THE CHART
PAGEIND HAS GIVEN A GOOD BREAKOUT AND AFTER RETEST HAS GIVEN A GOOD BOUNCE.