There is short term support for BAJFINANCE at 5950 levels. If it breaks theres another trendline support. If these two are broken, then we can see the targets of 5600 and 5500 levels. NSE:BAJFINANCE NOTE: This is just a analysis and not a trade advice. I'm not a sebi registered analyst so before placing any trade ask your financial advisor.
SBIN is facing the resistance at 500-515 levels, there is a short term support at 496, if the price closes below 488 , we can expect the continuationn of HEAD & SHOULDER pattern for the TARGET 1: 411 TARGET 2: 341 TARGET 3: 300 Keeping the STOPLOSS: 502 NOTE: I am not a financial advisor, this is for education purpose only.
bank nifty important levels .....................................................
UPL ltd. Formed a head and shoulder pattern and it can achieve the possible target of 790.
1.banknifty has taken a good support at 50% fib ritracement. 2.making lower low and lower high continuesly from last 2 days. 3.previous gap has filled today shown good support. 4.last 15 min candle was bullish and close below daily cpr and again taken support at previous week high point. 5.tomorrow cpr is narrow and we can expect 300points jump or breaking...
tomorrow market may continue its upward movement 1.today it test 50% fib-retracement 2times as of now it is looking solid buying zone. 2. 2ed major trendline is passing through it and also taken support. 3.last 15 min candle is bullish pearsing so it may be gapdown and then go up. 4.39640-39650 may act as resistance as it is tomorrows central -pivetpoint NSE:BANKNIFTY
market may reverse from hear because 1. gap filling is pending. 2. 50% fib retracement level is present. 3. made head and shoulder pattern which consider as bearish pattern
According to this setup its clear that it may fall but we have to weight till it break crucial support of 7700