Going forward till 25600-25700 holds expect upside towards 25850-25925
Above 25925 rally will strengthen upto 26000-26100
In case 25600 is breached expect profit booking upto 25490-25350 levels
Price is trading above key moving averages suggest bullish trend to continue
Going forward till 10260-10290-10330 holds expect upside towards 10450-10490
Above 10500 rally will further strengthen upto 10600
In case 10260 is breached expect profit booking upto 10210-10110
Price trading above key moving averages suggest bullish trend to continue
Stock has closed above CupHandle Breakout with rise in volume, Stock is trading above key moving averages with shorter average trading above longer average.
Buy in range 210-220 Stop 190 Targets 260-280
NiftyInfra(3475): #Bullish Harami @ Demand & 50% Retracement
With Demand @ 3360-3430 & 50% retracement of rally 3190-3650 @ 3420, till holds upside upto 3500 will be seen
Break above 3500 opens for upside upto 3550-3560
Sustainable upside will come once price close above 3550-3560 upto 3600-3650 levels
In case 3390 is breached, profit booking upto 3350-3310 will be seen
Going forward till 25100-25200 holds expect upside upto 25550
Above 25550 rally will further strengthen upto 25700-25850
In case 25000 is breached further correction upto 24800-24550 will be seen....
With price trading above key moving average trend will continue to remain bullish
It has been observed in recent past that price corrects for 7 bars and 9 days and then resumes its orignal trend. Same was shared previous time when this happened.
Nifty today bounced after 7 sessions of corrections and closed with bullish candle. Bounce has also come from 50% retracement of 9687 to 10490 and also 50DMA which is placed @ 10125.
Bitcoin(6398): As suggested in previous post negative divergence visible. Closed @ Rising wedge support
Going forward Immediate support @ 6300, break below with volume will witness further profit booking upto 6000-6100 levels. Till 6600-6850 is not crossed lower levels of 6000-5600 is likely to come....
In case 6300 holds bounce will be upto 6600-6850...
Going forward 25000-25100 will act as support, till holds expect upmove towards 25700
Above 25700 rally will further strengthen upto 25850 & 26050-26250 & face resistance.
Break and sustain below 25000 with volumes will witness profit booking upto 24800-24550 levels
Technically, Key Oscillators RSI, Stochastic & MACD are above their respective averages on the...
Going forward 10200-10240 will act as support, till holds expect upmove towards 10350-10390
Above 10390 rally will have further strength upto 10500
Till 10180 which is 38.20% retracement of entire upmove from 9687 (28 Sept) & 10490 (6th Nov) & 10260-10200 which is 61.8% & 78.6% of entire upmove from 10124 & 10490 holds, index could continue upmove upto 10500 and...
Break below 6900 will open for further profit booking
upto 6500-6600 where buyers will try to take control
with rising wedge resistance turning to support now,
also 23.6% retracement of 2970 to 7600 coming around
Nifty closed with Bear Engulf @ Channel Resistance
Going forward till 10450-10500 is not crossed expect dip upto 10240-10200
Immediate support @ 10320, if break below this then profit booking will continue upto 10240-10200 where buyers will again try to bounce back with 20DMA coming @ 10260.
In case 10320 holds bounce will be upto 10450-10500
Going forward with bear engulf @ todays close, till 25500-25550 is not crossed expect dip upto 25150-25000 where buyers will try to take control with channel support & Demand Gap.
In case 25000 is breached fall will continue upto 24800.
Banknifty: HNS breakdown on daily chart
Going forward till 24350-24400 is not crossed retest of support @ 23600-23400 where price is likely to take support with 23.6% retracement of entire move from 17600 to 25200
Break below 23400 with volumes opens for further downside till 23000
Only on close above 24400 trend will change till then use rally to reduce long...
Price @ Demand. Nifty repeating history
with price falling nearby same % within 9 days (Scenario is bit different this time)
Till 9855-9920 is not crossed use bounce to reduce
long positions. On downside 9640-9680 will act
as support with 23.6% retracement of 7893 to 10178 @ 9640
Break below 9640 with volumes will extend further
fall towards 9450-9520