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...
Daily and one hour time frame shows bullish sign. Trend deciding zone is 817 - 823. Above this zone if price gains strength, then we can see good movement. Volume gain and trend line break out in one hour chart. Daily chart also shows volume gain. And the Q3 result is good. Now the levels to trade if the price sustains the trend deciding zone. Buy above 823...
Price is consolidating in the form of an ascending triangle. As per the pattern, the price have to give upside break out. But we will plan for fall also, so that we wont be surprised by the price movement. Q3 result was good with 26.8 % net profit. Daily time frame shows price is taking trend line support. Buy above 470 with the stop loss of 465 for the targets...
Price is moving inside a channel formation. And price had a good recovery after the huge fall. Will it continue tomorrow or move inside the channel? Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 21480. Stop Loss : 21440. Targets : 21520, 21560, 21600 and 21640. These levels are derived based on the assumption that price will take support...
Trend deciding level is 600. How price will react around this zone will decide the trend direction. After this big fall price may move in range also for few days. Buy above 608 with the stop loss of 603 for the targets 613, 618 and 624. Sell below 596 with the stop loss of 601 for the targets 591, 586 and 580. Hit the like button to Rock !! Show some energy...
Price fall down for more than 2% today and still HDFC bank have not found support. Right now price is at important level 45000. Pattern : None. Range : Medium. Trend strength : Normal. Buy Above : 45040. Stop Loss : 44940. Targets : 45140, 45220, 45300, 45400 and 45520. Sell below : 44860. Stop Loss : 44940. Targets : 44780, 44700, 44620 and 44540. Check the...
Price is moving within the range 20300 to 20650 for the past 3 days. So we can expect breakout. 20600 is an important support zone. This analysis is based on the assumption that price will take support from 20600 zone. Buy above 20640 with the stop loss of 20580 for the targets 20680, 20740, 20800 and 20860. Sell below 20480 with the stop loss of 20520 for the...
Price is at the trend deciding zone 45500 - 45750. How price will react at this zone will decide the trend direction. HDFC bank had a huge fall and is near to the double bottom support. If heavy weight stocks like HDFC bank turns bullish, then bank nifty will gain bullish strength. Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above :...
Price had a huge fall and now it is consolidating near an important support zone. In daily time frame 1450 - 1465 has double bottom support. If price gains strength at this zone, it can move up towards 1512. Otherwise the fall will continue further. This analysis is based on the assumption that price will take the support. Buy above 1476 with the stop loss of...
Price was moving in a range for the past 2 days. And now it is at the important support zone.. Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 21620. Stop Loss : 21580. Targets : 21660, 21700, 21740 and 21780. These levels are derived based on the assumption that price will take support from 21600 and break the 2 days range move. Sell...
Trend deciding zone is 986 - 991. As there is a trend line resistance around this zone, the strength price gaining here will play an important role in trend direction. Buy above 992 with the stop loss of 986 for the targets 998, 1004 and 1012. Sell below 982 with the stop loss of 988 for the targets 976, 970 and 962. Hit the like button to Rock !! Show some...