Bank Nifty is standing at a crucial resistance zone , but what makes it even unique is that in last trading session we witnessed a Bullish RSI Divergence which gives it a high probability to breakout!
Cup and Handle - Formed - Look out!
UPL Breakout Possible
HS Pattern formed in Reliance Target till 200EMA Daily
Support breakdown possible
Inverted Cup and Handle
Pennant + Consolidation Breakout with targets in longer time frame. This trade setup would be ideal for a swing, but can be utilized in the intraday just during the breakout.
Trendline and resistance about to be broke
NTPC on the verge of giving a breakout from trendline, and in final hour it took support from very well tested resistance.
Good upside after resistance will be broken, the resistance is long tested and will act as support if broken. Wait for confirmation after the resistance is broken, then once the resistance become support, look for an entry to go long.
MM Finance Broke its trendline and then took support on its previous resitance. Took it as a Swing Trade for the coming week Date : 19th March 2021