Eicher Motors is in it's strong support zone which was earlier a resistance good. good buy for long term.
Near good support zones - breakout of the triangle can lead to good momentum
Change in Polarity seen in Col Pal. 1650 area now working as strong support zone.
665 seems to have formed a good base
Good Volumes on green candles in the consolidation. Most likely to breakout for an up move.
Good opp to go long with 395 as a solid base.
Earlier resistances now acting as support.
Banknifty is stuck in a range. Decisive movement only on break out or break down.
Seems like a good entry point at the bottom of the rising channel.
Can be a good opportunity to buy near 100 - 101 levels with a risk of around Rs. 10 and then wait for the breakout to cross 114.
Bajaj Auto - Double bottom, support at 38% fib ratio and now near demand zone. May consolidate before breaking out or can break and will come to retest the zone.
SBIN has given a channel breakout. The volumes are average. Will the breakout sustain or it is just a previous gap fill?
BEL has taken support at the 50% fib ratio and now might consolidate near the demand zone before giving a breakout.
Dmart has broken out of consolidation and is retesting the demand zone which should now be the supply zone.
