Asian paints are broken the weekly trendline and retested the same, the upper targets are open now which are immediate swing highs first and All time high subsequently
Banknifty futures is held between immediate supply and demand zones. Crucial to watch price reaction at these zones. Possible bias indicated on the chart.
Banknifty trading range bound, wait for break of zone for bigger targets and gap filling
NIFTY IT on daily TF is approaching the resistance downward sloping trendline. If it breaks the trendline IT can lead the NIFTY on the upside.
Today's Nifty intraday provides a good example of supply trading or shorting as explained
LTIM is heading towards support zone as marked, trendline breakdown on weekly TF. Q2 results will confirm if support zone will held or broken.
Tata consumer has a trendline breakout on daily TF.
Balrampur chini has bounced from a covid support trendline, indicating strength on the counter. 525 zone can be tested.
HDFC Bank had closed below monthly trendline prev month and this month also it has given a continuation on the downside.
Banknifty futures has rejected a trendline underformation on daily TF
NIFTY on daily TF has broken an interesting trendline on daily TF
Escorts is consolidating near highs, a break above rectangle high would lead to uptrend continuation.
Volume spike is a simple short term trading strategy, mark the highs and lows of the volume spike day. If price breaks highs go long, if price breaks lows go short.
Trent breaks out with increasing volumes, it has consolidated near highs in the form of rectangle pattern and breaks out.
DJIA has broken a trendline on daily timeframe, heading towards a crucial swing support zone of 33646 zone.
HUDCO is approaching Multi year high levels ( 2017-2018 highs )
Berger paint has broken a crucial swing high point with increased volumes and is heading towards ATH zone. Paint industry also has seasonal aspect as tailwind in the current juncture.
Nifty can find support near prior breakout zones around 19850 zones as marked in the chart. If this breaks then Nifty futures can likely test 19650 & 19560 zones.