Price fall down 2% today. Psychological support is seen at 21500 - 21520 zone. After the big fall, tomorrow may be less a volatile day. Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 21610. Stop Loss : 21580. Targets : 21640, 21680, 21720 and 21740. These levels are derived based on the assumption that price will take support from...
Though the price managed to stay above 48000, it is still struggling to break and sustain above 48160. HDFC bank result also created an expectation. So, what next? Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 48160. Stop Loss : 48060. Targets : 48220, 48300, 48380 and 48480. Sell below : 47940. Stop Loss : 48020. Targets : 47860,...
Price is moving in a channel formation. Very narrow channel and it makes the movement as choppy move. Support is 21500 - 21520 zone. Channel resistance is expected at 21566 -21580. Sustaining above this is important for the price to continue the uptrend. Buy above 21580 with the stop loss of 21540 for the targets 21620, 21660, 21720 and 21760. Sell below 21480...
Price made All Time High and now it is consolidating. It can continue the trend or pause for some time. Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 21940. Stop Loss : 21900. Targets : 21980, 22010, 22040 and 22080. These levels are derived based on the assumption that price will take support from 21900 and break the...
Price is consolidating and nearing the trend line. Price have to break the trend line with volume and have to sustain above 1500 to be bullish. Bearish below 1486. One hour chart shows price is at double bottom support. Trend deciding level is 1516 - 1522. Buy above 1502 with the stop loss of 1492 for the targets 1512, 1524 and 1538. Sell below 1478 with the...
Price is nearing the trend line resistance. Price have to sustain above it to be bullish. Pattern : Trend line resistance. Range : Medium. Trend strength : Normal. Buy Above : 21620. Stop Loss : 21590. Targets : 21650, 21680, 21700 and 21740. These levels are derived based on the assumption that price will take support from 21600 and break the trend line...
We had nearly 900 points move today. Because of this, tomorrow can be a less movement day. Price is moving within a channel. Trend deciding level is 47300. Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 47320. Stop Loss : 47260. Targets : 47400, 47480,47560, 47640 and 47720. Sell below : 47200. Stop Loss : 47280. Targets : 47120, 47040,...
Support zone is 21320 - 31340. Bullish above this zone. Bearish below 21280 -21300 zone.(Price is falling from 21700 and now it is at consolidation zone.) Buy above 21360 with the stop loss of 21320 for the targets 21400, 21440, 21540 and 21580. Sell below 21280 with the stop loss of 21320 for the targets 21240, 21200 and 21160. (21200 can also act as a support...
Price is at the trend deciding zone. How the price gains strength at this zone, will decide the trend direction. Pattern : Consolidation, trend line break out. Range : Medium. Trend strength : Normal. Buy Above : 21720. Stop Loss : 21690. Targets : 21750, 21780, 21800 and 21840. These levels are derived based on the assumption that price will test the low of the...
Price has formed a falling wedge pattern and right now it is at the strong support 21480 - 21520. Pattern : Wedge. Range : Medium. Trend strength : Normal. Buy Above : 21520. Stop Loss : 21480. Targets : 21560, 21590, 21620 and 21660. These levels are derived based on the assumption that price will take support from 21500 zone. Sell below : 21440. Stop Loss :...
Price is at the important level which can decide the trend direction 47680 - 47740. If price takes support from here, 47960 - 48040 will act as next resistance. Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 47780. Stop Loss : 47700. Targets : 47860, 47940, 48060, 48200, 48320 and 48400. Sell below : 47620. Stop Loss : 47700. Targets...
Price faced strong resistance at 21780 - 21820 zone and fall down. Near by support is seen at 21500 zone. Trend deciding level and support zone is 21480 - 21520. If price took support at 21500 zone it can move towards 21560, 21600, 21660 and 21720. If price is bearish when it breaks 21500 zone then price can fall towards 21440, 21380, 21320 and 21280. Check the...
Market remains the same, it is us who imagine and interpret the price movement in different ways. As we change, the interpretation also changes. But the market is same. In this New Year, be like water, flow like a river, develop the flexibility to embrace the changes. I wish you All A Happy New Year 2024. Price is moving within the range 21700 - 21800 for the past...
Price moved slowly, steadily and made All Time High 21654 today. Will it make new record once again? Price is at the trend line support right now. As long as it remains unbroken, price has the chance to make history. Pattern : Trend line support. Range : Medium. Trend strength : Normal. Buy Above : 21680. Stop Loss : 21640. Targets : 21720, 21760, 21800 and...
Price has entered in to the consolidation zone 47650 to 48040. And it has formed a narrow consolidation at the 47600 zone. So we are having consolidation square :) It can give good break out move. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 47700. Stop Loss : 47620. Targets : 47780, 47860, 47940, 48060, 48200, 48320 and...
Price is moving within the range of 1080 to 1106 for the past few days. How we can trade on it? 1. Buying at the support & selling at resistance. 2. Selling at resistance & buying at support. 3. If the price in moving without testing support/resistance, it means the range is narrowing and we have to wait for direction confirmation. I just listed 3 possibilities,...
Nifty made All time high today, turned its direction and had a nice fall. After this big fall tomorrow's expiry may happen within small range. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 21120. Stop Loss : 21080. Targets : 21160, 21200, 21260 and 21300. 21000 will be a strong support zone. Remember that when shorting near to...
Price is moving within the range of 47650 to 48050 for 3 days. Price will gain momentum if it breaks the range with strength. Otherwise we will get one more range day. Trend deciding level is 48000. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 48060. Stop Loss : 47960. Targets : 48120, 48200, 48280, 48360 and 48420. Sell below...