Buy above 262 with the stop loss of 259. Targets are 266, 269, 272 and 275. Swing trade.
Priceaction has to sustain 10400 to move towards 10440, and 10460. On the other hand if priceaction breaks 10350, it will move towards 10320 and 10280.
Priceaction has to sustain 25550 to move towards 25700, and 25780. On the other hand if priceaction breaks 25415, it will move towards 25300 and 25240.
Priceaction will remain bullish as long as it holds 25050 - 25080 level.For the targets 25250, 25320 and 25400.
Priceaction showed strength when it broke the resistance at 10180 - 10200 level. I expect it will break the resistance at 10320 - 10340 level with the same force. Bullish as long as price holds 10230.
Priceaction is moving in a downward channel. To become bullish, price has to break the upper trend line with volume.
"All the gaps will be filled eventually". Priceaction has filled the gap and to move upside it has to sustain 10230. Again price has resistance at 10280 - 10290 level. Another test on the support zone 10180 - 10200 level will make it weak and price will fall towards 10130.
Priceaction has formed a bull pennant. Can buy above 704 for the targets 710, 716 and 722 with the stop loss of 698. If this pattern fails, can go short below 694 with the stop loss of 699 for the targets 688, 683 and 678.
Buy above 386 with the stoploss of 382. Targets are 390, 394 and 398.
Nifty is bullish above 10280. Price action will try to fill the the gap at 10330 - 10350. On sustaining this level it will move towards 10410. If priceaction breaks 10280 it will move towards 10230.
Priceaction is bullish as long as it holds 25300 for the targets 25500 and 25640. Bearish below 25300 for the targets 25170 and 25100.
Priceaction has broken the resistance at 735 with volume indicating bullishness. Can buy at cmp with the stop loss of 733. Targets are 747, 754 and 760.
Priceaction is facing resistance at 10270 - 10280. It may turn as support if price sustains this level. Bullish above 10150. Bearish below 10100. On sustaining 10280 price will move towards 10340 and 10380.
What will happen if there is no rate cut? And what will happen if there is rate cut? We dont know, but we can always analyse. The most volatile movements will happen during such news days, making our stoploss hit. So trade with care. Priceaction will remain bullish as long as it holds 25030. On breaking 24950, trend will become bearish.
It has been observed that priceaction is forming hidden bearish divergence in weekly chart which indicates bearish trend is forming. Hidden bearish divergence forms when the price is making lower high and oscillator is making higher high. I expect the price will reach 480.
Priceaction has taken support. On breaking the resistance at 10180, price will move towards 10230, 10280 and 10310. On the otherhand, breaking the support at 10090, price will move towards 10030 and 9990.