Will the support level hold... if it breaks it will surley test 800-810 level
It has been observed that BANKNIFTY is near at its major resistance of 19820 . Go long once this resistance is decisively broken
Learning gartley pattern 'B" is at least 61.8% retracement of XA should not touch or close above 78.6% "C" is at least 61.8% retracement of AB leg should not tuch or close above 78.6 "D" the entry point is at 127.2% extension of AB, which in this case comes out to be near 495. I doubt it will come there . Will monitor this as long as point C holds true
Although Nifty is moving in downward channel , taking a short/long position now will be a bit risky. Monday i.e 24th closing will decide the trend
Moving in channel . expect a target of 19700 with a stop loss of 19460
No breakout yet in HINDUNILVR Hitting the 1st support level
Buy : 160 Stop Loss: 150 Target 180 Duration 2-3 weeks
didn't breached the support level of 3100 , upward momentum is likely to continue
I had taken the short position based on Head and Shoulder pattern couple of days back. Need Advise if the charting was correct or it was just a luck
TCS is nearer to its strong support of 2330. Buy with an intraday target of 2442 with a stoploss of 2285. This is a pure support/resistance play.
Nifty is at its major resistance zone of 8550. a strong chance of possible small upwards movement is on the cards. Hence go long in nifty.