Nifty 50 saw a massive fall in yesterday's session after breaking it's immediate support in the first hour of trading and closed near it's next supportbaround 17100 levels.
The said support, if nifty do not sustain today , then we could see free fall of another 1000 🙈 points in this week.
Nifty opens gap up above resistance level 17370, while the negative divergence is also broken, hence there is Breakout on both price and momentum side.
It most likely , if any dip is seen would mostly be utlilized into buying..
Buy on dips for me, as long as it will be sustaining above 17370 levels..
GMM Pfaulder Ltd saw a remarkable from 4000 levels to 5435 levels.
Though it went into deep correction after marking high of 5435.
Currently it is approaching it's imp support around 4474-4434.
Since it's weekly and monthly chart are bullish,chances are that it might took support at the level mentioned above, hence I am keeping an eye on its price action this...
I usually don't trade intraday, but sometimes the market make such perfect high probability trades, that you can't resisted taking it..
Day before yesterday we saw a remarkable move in the index, then index took a rest yesterday, retracing some part of it to get teady for another move .
Hence if banknifty holds last hour low, it might be moving towards 36000 levels.
Stock has been the holding the support created on 24 march 2020
Currently trading near trend line resistance , any break above it, may take stock to 640 -660 levels.
RSI - Bullish Divergence is followed by RSI Resistance at 60 levels + Negative Reversals.
SBI CARD - UPDATED LEVELS
Created a range of approx 100 points , consolidated within it and break the range to the downside.
Then created a new range of approx 118 points and started consolidating in it, now what do you think does it break the range to downside again ??
if yes then what would be the new range ?