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 ?