Wedge pattern in bank nifty, already in over bought state, fall can be anticipated soon.
RECENT MAJOR BREAKOUT NEEDS RETESTING around 310 BEFORE IT CAN MOVE FURTHER.
IMMEDIATE SHORT TILL 159 INTRADAY before bonce back to higher side
HATHWAY WILL GRADUALLY COME BACK TO RETEST MAJOR BREAKOUT @ 36.75 BEFORE MOVINGUP . HISTORICALLY THIS IS A SLOW CORRECTION STOCK AND TAKES QUITE A WHILE TO REBOUNCE BUT SINCE THIS BREAKOUT WAS ABRUPT AND VOLATALITY IS HIGH MAY B THIS TIME IT WILL BE SOONER
ICICI HAS ALREADY GIVEN BREAKOUT FROM THE UPWARD TREND . AXIS ALSO LOOKING BEARISH TRYING TO ATTEMPT THE BREAKDOWN TOMORROW.
ICICI RETEST THE LEVELS OF 340 BEFORE REVERSAL OR CONTINUATION
SBI LONG OPPORTUNITY : BREAKOUT FROM THE WEDGE PATTERN BREAK OUT TO TEST THE 188 levels and then if succeeded will go on to test major resistance . Check the chart beware of gap up opening and make your call accordingly.
TATA POWER READY FOR PULLBACK Pull back from the major Support acting as a major resistance for now . Shorting opprtunity- Take into consideration gap down opening before shorting.
Granules have retested the breakdown now and ready to fall to consecutive supports . Take your trades accordingly.
Definitely will not break the major resistance before retesting.