Weekly resistance at 485 , any long position only after 486 level, good volume support.
Very Visible Downside IN Torrent Pharma after it will break 2250 support level
A good breakthrough after 1000 level very good support is about to break its level.
Banknifty Shorting opportunity from its resistance level can be seen at 22600 Levels as it failed yesterday and tested this level second time and possibly looks difficult fro banknifty to cross this level today and further downside should as per my view , time to sell CE.
Tata motors is looking likely to give Triangle Breakout in 15 Min chart and will fall below 40 EMA which will give good Trading opportunity for today Intraday .
It was not so difficult to trade this, as if stock was in tight range for last 6 hours then next day has to be trending and here are its results , self explanatory.
Last 6 Hours this Stock is trading in Tight Range ,for sure it will give a good breakout in near term, be vigilant and earn .
A simple analysis for Breakout Trading, my most loved strategy for Intraday.
Perfect Three white solider with good volume support.
A possible breakout could be seen as stock as consolidated at these level and seeking a fresh new high levels with good volume support
If Banknifty today crosses 26600 level then clear bullish signal, undoubtedly.
A good short opportunity again will be in Airtel
Airtel is giving a giving good shorting position.
Volume divergence continues so no long positions
A nice W pattern in downtrend and now recovery is clearly on chart with good volume support.