Nifty is underperforming today and for up move need to break above 16200.
Heromoto can inch higher based on price action it is trading near breakout zone.
How to trade banknifty tomorrow I have mentioned all the important levels in the video. Watch till last for better understanding. Thankyou. #banknifty
I have mentions all the important levels on the chart. Follow support and resistance to capture breakout.
Immediate resistance 33500 Immediate support 33000 After breakout wither side 500 points move is expected.
I have mentioned all the important levels in this video.
Time frame - 15 min Breakout above 15530 Target 16500
Time frame - 15 min Support - 32500 Resistance - 33040, 33200 Strategy - Sell near resistance, Buy near support
On 15 min time frame the stock is formed a double bottom pattern and trading above 685 will breakout this pattern. A good potential up move in the card.
The stock is maintaining the low from a week. The pattern is suggesting an up move is in the card.
The stock is near support area and holding it's previous swing low. As long as 440 is holding we can get a bounce will 440 on weekly basis. On the flip side closing below 440 will accelerate some selling and potential down side level will be 400.
Axis bank is trading near important weekly support and a bounce from current level is on the card. The stock is underperforming and stucked in a wider range.
On the weekly timeframe the stock is trading near previous weekly support zone. As long as 670 is holding we can see an up move till 750 Closing below 660 will trigger some correction and that will drag the stock till 600.
On the weekly time frame the stock is trading within raising wedge pattern and as long as the pattern is holding it will keep bouncing from lower support. Breaking below the lower support line will trigger selling and 8 to 10% correction is possible in the stock.
The stock is trading near support zone and a bound from the current level is possible One can enter when there is any reversal sign.
The stock is taking support from 200 DMA and consolidation in a range. Closing above 6500 will make it extreme bullish and it can reach till previous high. You can buy here with stop loss below 200 dma.
Indusind bank breakout above 1000. Target 1055 followed by 1122. One more positive factor is it is trading above 200 dma and doing consolidation.
On daily time frame banknifty made a inverted hammer pattern and trading above 38000 will trigger buying, target will be 38660, 39000. On 15 min chart falling wedge pattern is visible that too will active above 38050. Intraday setup Buy above 37650 Target 37720, 37890 Sell below 37440 Target 37220. 37080