NSE:SBIN showing a formation of double bottom, which can send it back to 520 level as sbin is trending sideays in 504-520 level.
target 520 if double bottom is confirmed or else 490-495 is the target if support breaks
NSE:SRF as srf breaks prtrevious channel . it is headed for important support / demans level of 2454- 2534. from ther we can see a possible pull back till 2600 and then reverse to 2535 level to form double pasttern.
NSE:CNXPSUBANK prediction for psu sector ahead based on supply demand zones and support resistence levels, with erish move in my mind, i assume wi can see red weak .
NSE:BANKNIFTY has been trding in these important lvels sine 6th of april, should start down trend after breaking support next week. also , bank nifty is faliing from a weekly monthly supply zone, good signal to short if suppoert breaks.
NSE:AXISBANK is at critical level ( monthly, weekly and daily supply zones, price reacted from 45 min supply zone) from which it can either break ATH lehel and start creating new ATH values every week or it can follow the supply zone and give a reversal for nice shorting oppurtinities. if it stays below 800 and then breaks 795, then we shoukd see it fall further...
As i was expecting NSE:AXISBANK too see an Head and Shoulder to form on daily chart in axis, after left shoulder , head has started to take shape, in the coming week we shall see to which side axis will give a break out.
I'm hoping to see an head and shoulder pattern in axis bank on daily timeframe, as it's near supply zone.
Please feel free to guide me as im still learning basics of supply and demand zones and how to combine patterns with them for confirmation.
As axis bank is near a supply zone, i'm assuming we can see downfall of axis in coming week. I'm still learning basics of supply and demand zones. Please feel free to give me helpful advices here.
