spvijay

spvijay

O=L is a support zone & O=H is a resistance zone . Titan is currently trading within this zone. Since results have arrived yesterday it is interesting to see the reaction of price at these levels and place trades accordingly

spvijay

Indigo has given a good upmove and is currently near a prior breakout zone, which can act as support. Based on price behavior at these levels a good long or short trade can be initiated.

spvijay

Indigo has given a good rally from the channel bottom to top. Change of polarity level can act as immediate support if profit booking takes place.

spvijay

If Ambuja cement gives a bullish breakout of 468 zone a swift upmove can be expected till 518 zone which is approx 10% upmove. Cement sector has performed well despite higher base. Results can be the trigger.

spvijay

8073 zone which was earlier a zone of resistance has turned into support. Price has retested this zone couple of times.

spvijay

Chart is hinting at good trading opportunities. Note the levels.

03:32

spvijay

Nifty price action analysis for today, where it gave a breakout of previous day high and continued to trend upside.

spvijay

Media and PSU banks have outperformed nifty for the week to a large extent

spvijay

This week PSU banks have outperformed Nifty to a large extent.

spvijay

Nifty has broken trendline on 75min TF, this opens possibility of retest of previous swing low.

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DXY faced rejection at 50% level for the swing under consideration and is followed up with a strong bearish candle. If continues it's downward journey then the risk on sentiment continues in equity markets.

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IOC breaks previous swing high and is heading towards previous swing highs as potential targets on upside.

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Canbk has given a closing of 333.70 which is higher than previous swing levels. 341 zone are the all time high zones of Canbk. Crossing 341 resistance zone can lead to creation of new ATH

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SBIN gives a weekly closing of 593.60 and also hits a higher high. Previous swing high zone of 622 can be immediate targets.

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HCL heading towards next swing high of 1214, 1150 earlier resistance has become support zone.

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Break of resistance with strong candle and rectangle box consolidation and breakout

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Today post breakout of resistance, with a strong candle, change in polarity was observed.

spvijay

HUL breaks out of resistance zone of 2340 levels. A retest of this zone could provide good provide good opportunity for longs.