As we can clearly see nifty is made a new high everyday which rally is backed by Reliance industries .Nifty on a hourly time frame forming a channel pattern depicted here with black line but on a 15 minute time frame it has broken that channel and forming a seprate trend line shown with red colour. It will be interesting to watch the next move of nifty support and...
IOB breaking out . IOB just broke prev year high resistance of 37.15, it just broke at hourly resistance zone and also gap has been filled. Currently trendof stoc is bullished and can be bought at curent levels. Target Profit - depend on risk Stop Loss - below 4 hourly support level
Federal Bank is currently on the urge of breaking its Trendline .. As we all know Bank nifty has just wake up so we and we are seeing a rally in private bank ( PSU banks have already rally ) so Technicaly that would be a task for Federal bank to breaks levels of 95 and consolidate . If after consolidation it gives a breakout it will be a nice buy Targets 110- 120
NSE:CANBK Canara Bank is currently on the urge of breaking its previous Trendline .. As we all know Bank nifty has just woke up so we and we are seeing a rally in private bank ( PSU banks have already rally ) so Technicaly that would be a task for Canara bank to let see if it breaks levels of 224 and consolidate there or not.
bank nfity has break a major resistance level but now what to do >?
ambuja cement on daily time frame is trading in a challenge on smaller timeframe it is forming a symetrical triangle pattern
inverse head and shoulder breakout in canara bank . share is trading near breakout do add stock in your watchlist
RELIANCE IS ON A .236 REVERSAL AS OF FIB RETRACEMENT AND VOLUME IS INCREASING . PROBALY IT CAN TOUCH .382 FIB POINTS AS VOLUME IS INCREASING BUY ABOVE 2000 RES- 2020/2040 STRONG RESISTANCE @2100