Though the price has broken the channel, it did not gain momentum and was moving in a narrow range on friday. 22000 is the trend deciding zone. Also price has formed a triple top pattern. Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 22060. Stop Loss : 22010. Targets : 22100, 22140 and 22180. Sell below : 21940. Stop Loss :...
Price formed double bottom at 1460 zone, but failed to take support, fall for another 100 points. Now it is sustaining above 1400 zone. Important support zone is 1380 - 1400. Important resistance zone is 1450 - 1470. If price sustains above resistance, then we can expect good bullish movement. One hour time frame shows, price is sustaining above the trend...
Price broke the three days range today and now it is facing trend line resistance. As per the daily chart, still price is sustaining above the trend line. Pattern : Channel Resistance. Range : Medium. Trend strength : Normal. Buy Above : 21860. Stop Loss : 21820. Targets : 21900, 21940, 21980 and 22040. Sell below : 21740. Stop Loss : 21780. Targets : 21700,...
Price is moving in a descending channel. And also price movement is within the same range for the past 3 days. Daily time frame shows, price is facing trend line resistance. Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 45440. Stop Loss : 45360. Targets : 45520, 45600, 45720 and 45800. Sell below : 45220. Stop Loss : 45300. Targets :...
Price moved in the range of 19920 to 20040 in the afternoon session today. It have to sustain above 20000 to remain bullish. Price is bearish below the zone. Buy above 20020 with the stop loss of 19970 for the targets 20060, 20120, 20180 and 20260. Sell below 19900 with the stop loss of 19950 for the targets 19850, 19820, 19780 and 19720. Hit the like button to...
Price had a narrow range movement on friday and now it is at trend line resistance. Daily time frame shows that the price is still moving along with the trend line. So what will happen next? Pattern : Trend line Resistance. Range : Medium. Trend strength : Normal. Buy Above : 21780. Stop Loss : 21740. Targets : 21820, 21860, 21900 and 21920. Sell below :...
Price is moving in a range for few days. So far 840 is acting as a strong resistance. If the price breaks the trend line with volume, then we can expect good move. Buy above 834 with the stop loss of 828 for the targets 840, 848 and 856. Sell bellow 822 with the stop loss of 828 for the targets 816, 810 and 802. Hit the like button to Rock !! Show some energy...
Price is moving inside a channel formation and now it is testing the upper trend line of the channel. Trend direction deciding zone is 2916 - 2922. In daily chart, price has formed an ascending triangle. Considering these facts, if the price sustains above 2922 and show volume strength, then we can see bullish move. Buy above 2922 with the stop loss of 2904 for...
Market will be volatile because of RBI day. Right now price is having trend line resistance. Next strong resistance is seen at 21120 - 21140. As per the daily chart, price is sustaining above the trend line. Pattern : Trend line Resistance. Range : Medium. Trend strength : Normal. Buy Above : 21960. Stop Loss : 21920. Targets : 22000, 22040, 22080 and 22120. Sell...
Price did not give movement today. Yesterday also the movement was in a range. 2 days of range move can give break out or good movement. Pattern : Support/resistance. Range : Medium. Trend strength : Normal. Buy Above : 45780. Stop Loss : 45700. Targets : 45860, 45940, 46040 and 46200. Sell below : 45600. Stop Loss : 45680. Targets : 45520, 45440, 45360 and...
Price had a good bearish momentum today and now it is at double bottom support. Support should hold and price have to break the trend line to change from bearish to bullish. Important support zone is 20280 - 20340. Buy above 20340 with the stop loss of 20280 for the targets 20400, 20460, 20520 and 20560. Sell below 20240 with the stop loss of 20300 for the targets...
Price made All time high on friday, faced double top resistance and fall down. Daily time frame chart shows that the price is at trend line support. The price have to take support from here or it should have good correction to gain strength to move up again. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 21920. Stop Loss :...
Price is moving inside a channel formation and now it is testing the upper trend line of the channel. Bullish if it acts as support and bearish if price rejects it. Trend direction deciding zone 269 - 272. Buy above 269 with the stop loss of 266 for the targets 272, 275, 278 and 281. Sell below 262 with the stop loss of 265 for the targets 259, 256, 253 and...
Price will be very volatile on budget day. Know whether you can handle it before placing orders. First we will see the important support and resistance levels. Support is seen at 21500 - 21540. Resistance is seen at 21860 - 21900. Expected day's range is 21400 to 22040. Pattern : Channel. Price is above the upper trend line of the channel. To be bullish, it...
Price gave good movement in the morning session and moved with less momentum which resulted a channel pattern in the afternoon session. Note : Price may be volatile because of the upcoming budget on Feb 1. Support zones - 20280 to 20320 and 20480 to 20520. In case of gap up/gap down these levels may act as resistance also. Buy above 20520 with the stop loss of...
For the past 2 days price was moving in a very narrow range. 45200 is acting as a support and 45500 - 45700 is acting as resistance. This range should be broken to see a good move in the coming days. Note : Price may be volatile because of the upcoming budget on Feb 1. Pattern : Support/resistance. Range : Medium. Trend strength : Normal. Buy Above :...
Price broke the channel, but once again it has entered in to it. If price gains strength, it can break the upper trend line of the channel and move up. Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 21380. Stop Loss : 21340. Targets : 21420, 21460, 21500 and 21540. These levels are derived based on the assumption that price will take...
Price took support from 44400 - 44500 zone and gave good move. Now it is facing resistance at 45000. Pattern : Support/resistance. Find the others patterns and comment below. Range : Medium. Trend strength : Normal. Buy Above : 45120. Stop Loss : 45040. Targets : 45200, 45280, 45360 and 45480. Sell below : 44860. Stop Loss : 44940. Targets : 44780, 44700, 44620...