Nifty shows hammer candle in a down trend at a support level 23250 with lower RSI in daily chart. It is also near the monthly support trendline (32000 or 22900). If reversal happen then looking for 23200 or 23800 resistance level
Tata steel may give a breakout on Monday.
target maybe 1394, but it soon touches 1365
and then may show a good uptrend
What is your comment on this
On the basis of 4h, 30min, 15min chart
Nifty 50 shows flag and triangle pattern on 15 and 5 min chart
may give break out in one or two days
and touch the target of 16700 around
comment your views
Ambuja cement creating flag pattern on 15 min chart.
But it is in uptrend on the daily chart
It may hit a trend line (bold red line) and then show a good uptrend
Buying opportunity may create within a week
