Bank Nifty Weekly Analysis for 12-12-22 to 16-12-22. Bank Nifty is in a channel since October. From the last 3 sessions, Index is testing the downside of the channel. If Bank Nifty breaks the channel on Downside, We may see more Fall. If Index trades below 43350, our immediate target on downside is 43000/42900. We may see more downside below 42900 and targets are...
Reliance (Intraday). Reliance stock if sustains above 2633, more upside possible and targets are 2670/2690. Logic: Price stopped making lower lows and breaks Hourly trendline. Good Risk to Reward(2.25). Targets taken from 0.5 & 0.618 of Half bat pattern .
Nifty Weekly Analysis for 05-12-22 to 09-12-22. 18930 is the major Resistance for Nifty this week. If Nifty tests the Resistance zone and reverses from that level, Targets on Downside are 18640/18500/18425. If Nifty Sustains Above 18930, Uptrend continues and target on upside is 19135 & New All Time Highs(ATH). Note: Upside Trendline is holding Nifty since...
Union Bank Of India Analysis If Price Closes above 55 on Daily timeframe, Good Opportunity to buy @ 55 and Targets on Upside are Target 1->84, Target 2->91 Time Period--> 3 Months
Punjab National Bank (PNB). PNB is trading at a important level. If price sustains above 48.5, we may see more upside in PNB Stock. Targets are 59/64.
Bank Nifty Weekly Analysis for 05-12-22 to 09-12-22. Bank Nifty is in Range between 42900-43500 from the last few days. We can see a trending move once the range breaks on either side. 43250-43500 is the resistance zone for Bank Nifty This Week. If Index Sustains above 43520, more Upside Possible and Targets are 43780/44093. 42900 is the Support for Bank Nifty...
Reliance Stock Analysis Updated. Reliance Stock is trading in the range between 2536-2642 for the last 1 month. If Price breaks on either side, we can see a momentum. If Reliance Price sustains above 2642, ABCD Activates, more Upside Possible(Long) and Target is 2745. If Price breaks 2536 on downside(Short), XABCD Activates and Targets are 2478/2459.
Nifty Weekly Analysis for 28-11-22 to 02-12-22. Expecting a Correction, But Nifty looks as if it is not Ready to give a correction. 😊 18322-18380 is the Weekly Support for Nifty . If Nifty Tests the Support Zone & Bounces back, Targets on Upside are 18480/18620. 18620 is a major Resistance for 3 Reasons. 1. PRZ of ABCD 2. All Time High(18606) of Nifty . 3....
Bank Nifty Weekly Analysis for 28-11-22 to 02-12-22. 42636-42780 is the Weekly Support for Bank Nifty. 43200-43350 is the Resistance for Bank Nifty. Weekly Candles in both the Indices(Nifty & Bank Nifty) are Bullish, but trading in Overbought Zone. We may Expect 3 Possibilities this Week. 1. If Bank Nifty Tests Resistance(43200-43350) and Reverses, Targets on...
Nifty Weekly Analysis for 21-11-22 to 25-11-22. Index is in Range Whole Week. As Nifty is in Overbought Zone, we may see a correction this week. If Nifty trades below 18200, more Downside Possible. Targets are 17973/17696/17520. 17520-17696 is Important Support Zone and we may see a bounce from this Level once Nifty tests these Levels.
Bank Nifty Weekly Analysis for 21-11-22 to 25-11-22. Both Indices Nifty & Bank Nifty are in Range Whole Week. Correction required for a healthy Upside movement. As Bank Nifty is in Overbought Zone, we may see a correction this week. 42500-42700 is major Resistance for this week. If Index trades below 41980, more Downside Possible. Targets are...
Nifty Weekly Analysis for 14-11-22 to 18-11-22. If Index sustains above 18360, ABCD Activates and more Upside is Possible. Target 1-->18500, Target 2-->18620. If Index breaks 18250 on Downside, more Downside Possible. Target 1-->17969, Target 2-->17727.
Bank Nifty Weekly Analysis for 14-11-22 to 18-11-22. 42345-42500 is major Resistance for this Week. If Index reverses from that level, Targets on downside are 41931/41656/41337. As per ABCD 42494 is the PRZ. After the Reversal 41656 will act as as a strong support and also we may see a bounce back from 41656.
Bank Nifty Weekly Analysis for 07-11-22 to 11-11-22. Index is in range between 40800-41600 from the last 9 trading sessions. If Index sustains above 41600, more upside possible, Targets are 42000/42530. If Index trades below 40800, more downside possible and Targets are 40264/40080.
Nifty Weekly Analysis for 07-11-22 to 11-11-22. Index is in range between 17959-17180 from the last 4 trading sessions. If Index sustains above 18200, ABCD will be activated and we may see upside move, Targets are 18300/18400. If Index trades below 17900, XABCD will be activated, more downside possible and Targets are 17775/17638/17442. 17442 target on downside...
Nifty Analysis Weekly Analysis for 31-10-22 to 4-11-22. BankNifty & SGXNifty/IndiaUSD tested the PRZ Area wheras Nifty still has some room on Upside. 17942-18096 is major Resistance Zone for this Week. If Index Reverses from this Zone, Downside Targets are 17640/17428 . If Index Sustains above 18100 , We may see new All Time Highs in coming Weeks.
Bank Nifty Weekly Analysis for 31-10-22 to 4-11-22. This Week Analysis is almost same as last week. Bank Nifty tested Resistance at the PRZ area and showed some Reversal. 41540-41840 is major Resistance Zone for this Week. If Index Reverses from this Zone, Downside Targets are 40640/39980/39608. If index sustains above 42000 , we may see a short covering...
Reliance Analysis (Short Term) If Price Sustained above 2590, more Upside Possible and Target is 2650/2660 If Price breaks 2508, more Downside and target is 2465/2452.