HDFCBANK is at its All time High. again Reversed from ATH. bullishness is continue or Reversal May Happen. A strong selling pressure is observed at 1700 level ,look at the reaction at 1680 levels to go upside or downside. if acts as Support price is moving upwards otherwise downwards. keep an eye at these levels.
Observations: --------->> After a strong breakout in nifty @17800 level, no proper retracement is observed. --------->> If 18200 acts as resistance we will observe a retracement towards 17800 or 17500 levels. --------->> If price break 18200,we have an immediate resistance @18250-18300, a false breakout may happen here @18200. ---------->>Price wants to test ...
Observations: -----> After Strong breakout from 43000,price opens gap up means buyers want to take the price to higher levels. ------> Gap up + Consolidation at 43500 is observed. price is moving downwards, means price wants to go upside test of demand zone at 43000 breakout. -------> If it is a false breakdown at 43350 level, and price moves again upside, look...
BANKNIFTY has been on an upward trend for quite some time now, but it seems like it may be time for a correction at the strong resistance level of 43600. Observations: ----->>However, the trendline is currently acting as a support and the price is still moving up. ------>>Just yesterday, the strong resistance at 43000 was broken, so it's possible that it may now...
COALINDIA Observations: ----->The previous resistance level of 234 is once again proving to be a hindrance, although buyers have managed to push the price up. It's advisable to stay in a long position until the price drops below 225. If you're looking to invest, consider going long with target prices set at 240 and 246. As we are currently in an uptrend, it's...
INDUSINDBK-Observations: ----> Stock trending upwards. ----->Previously false breakout happens at this zone 1170-1185. ------>Now expected to break the Resistance and buyers take the price towards high of this zone and wanted to test supply zone at 1210-1230.
ITC stock is observations: ---->trending upwards, broken a strong resistance at 390 (zone previous strong resistance)). ------>the same zone if acts as support will expect further up move in ITC. As of now ITC trending, upwards can we expect a reversal from here or continue move towards up, we need to wait for further price action.
Note : fake breakouts may happens at this level, be careful at this level. Buy plan: if price breaks 43100 and pullback to 43000 levels then go for buying up to 43210,43300,43470. Sell Plan: Look only for sell at these levels. if 43000 breaks and observe a fake breakout and falls below to this level and again 43000 level acts as resistance go for selling targets...
Note: Strong Support @17840 -17800 will acts as support go long again from this levels to reach 18100,18200 levels. It is recommended to remain on the buy side within the range of 17800-17840, as no significant retracement has been observed after breaking the supply zone at 17840 level. If this level acts as support, weekly expiry is expected to be bullish to...
At 43000, we have encountered one of the most formidable resistance levels, as evidenced by a prior strong sell-off. Despite Bank Nifty's upward trend, the question remains whether the price will surpass this resistance or experience a reversal. So far, no bearish momentum has been detected in Bank Nifty, indicating that buyers are likely to propel the price to an...
Previous strong resistance @42700 broken and showing bullish pressure towards 43000. Due to monthly expiry price may limit the upwards momentum and resist the price at 43000,43150 levels. Strong fall may happens @43100 level also be careful at this level before long. Try to be on the long side from 42700-42620 levels to reach 43400-43600 levels. Short: price...
Yesterday, the Nifty demonstrated bullish pressure above the significant resistance level of 17800. As a result, it is expected that there will be a swift retest of this level, followed by a price increase. Support range is 17800-17840 levels. However, due to the monthly expiry, the price is currently consolidating within the range of 17960-17800 levels. It is...
Observations: After trending upwards in NIFTY yesterday, today witnessed sellers opposes the price moving upwards, They are now poised to reach untested supply zones at 17700-17680 levels. However, buyers may lack the necessary power to push the price higher, and if any of the previous supply zones act as support, the price could move back upwards. It is...
Observations: Today bearish pressure observed at 42850 level, means not a bearish turn in bank nifty, The BANKNIFTY INDEX has been on an upward trend, with buyers successfully breaking through resistances at 42500, 42700, and tested @42850. They are now poised to reach untested supply zones at 43000, 43100, and 43400 levels. However, buyers may lack the...
The 42500 level previously acted as a strong resistance, but the price has now broken through it without a retest. However, the 42360-42400 level has emerged as a new support level, preventing further downward movement. Tomorrow, we can expect a retracement to occur from the strong resistance at 42760-42720 level, and if there is bearish pressure, we could see...
The NIFTY index has once again risen, but it has formed a lower high at 17760, which is the same level as a previous demand zone. Interestingly, this same demand zone now appears to be acting as a supply zone, as evidenced by the fact that prices have fallen back to the 17560. If the price manages to break below the 17700 level, which is an internal supply...
Observations: A strong sell off is observed after opening gap up , so will expect a downward momentum in reliance to the level 2290. The RELIANCE has been trending upwards, but recently it broke through the higher low level at 2342 and dropped to a low of 2326. However, the previous supply zone at 2326 has acted as a demand level, causing the price to rise...
Key Resistance level is observed at 42500. Price is still in this range. Note: we have a previous Resistance 42350-42400 may act as support, if this level breaks then only the price reach to the next supports at 42000,41700-41600 levels. Today Observations: After a Strong selloff is observed, price again wants to test supply zone 42500 for fall again. Intraday...