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As seen from the chart the bond is facing resistance around the downward sloping trend-line since 1988. At present, the bond is trading near to trend-line supply zone around the levels of 1.90 to 2.00 Around 1.80 levels lies the 50% Fibonacci levels of entire downward movement from 3.25 to 0.36. For educational purpose @jagrut

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The index has taken support around the trendline connecting lows of Sept-2020 and Jan-2021. If the support level holds, Banknifty can move towards the downward sloping trendline around the levels of 35800-36000. For educational purpose.

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The index is trading near to demand zone as seen from the chart. The zone is holding as support in every correction in the index. 14100-14300 is the demand zone for the index. If the index manages to hold the support zone then it can bounce to the levels of around 15100-15300 where downward sloping trendline is lying. For educational purpose.

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It seems the Nifty is moving in Rising Wedge pattern from the lows of 7511 levels. According to this pattern next target on Nifty can be around 10500-10600 where 61.80% Fibonacci level for entire down-move is lying. View is negated below the levels of 9500-9600 levels. For educational purpose. @jagrutshah

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On Monthly chart, the Ratio of Banknifty/Nifty has been moving in upward trending channel since 2001. In every correction the channel has acted as the support zone, as seen from the chart. On previous occasions during the correction, the RSI indicator has held the levels of 35-40, which is said as support levels for Bull market corrections. This time around the...

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Monthly Chart of USDINR: As seen from the Monthly Chart of USDINR, the currency is trading in the Rising Channel pattern since 2013 to till date. In the month of April-2020 the currency has hit the Upper part of Channel around the levels of 76.50-77.00 and retraced. The currency has formed a Shooting star Candlestick pattern around the resistance levels on...

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Dow Jones Monthly Chart: The index is approaching the levels from where the index has broken out in the month of May-2015 and August-2016. The break out levels are 18400 and 18700 respectively. (Red Line) Around 18000-18200 the trend-line joining highs of 11700 (Jan-2000) and 14200 (Oct-2007) is also lying. (Blue Line). For educational purpose.

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Monthly Chart of WTI Crude Oil The commodity is approaching the trend-line support. The trend-line joining lows of Dec-2008 and Jan-2016 is lying around 22.50-23.00 levels. For educational purpose.

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@jagrut Daily Chart of Nifty Pharma Index: It seems that the index is on verge of completing its bearish phase which was started from April-2015. It seems the index is forming an Inverse Head & Shoulder pattern in strong downtrend. The index is forming a Right shoulder with Neckline of the pattern lies around 8600. The index has to close above the levels of...

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Daily Chart of Axis Bank: On daily chart the stock is moving in tight range of 60-70 Rs. The stock is holding the support zone of 590-600 levels and facing stiff resistance around the zone of 660-670 levels since the month of November-2019. Break out on either side will decide the further trend in the stock.

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@jagrut Weekly Chart of Nifty 50 Since 2017, every correction in Nifty has found support near to Monthly Kijun Sen which is currently at 11200. So ideally current correction should found support around the levels for 11100-11200. On Weekly Chart, after the correction the index has consolidated around the Ichimoku Cloud. The levels for the same comes to around...

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WTI Nymex Crude Weekly Chart WTI is forming a classical Pitch-fork pattern on Weekly chart. At present the commodity is trading near to Pitch-fork support zone. Risk reward is favorable on long side. For educational purpose.

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@jagrut Monthly Chart of Nifty IT The index is trading in the Channel Pattern since April-2019 to till date. Similar pattern was observed from March-2015 to Nov-2016. Both the Channel pattern has been shown in the chart. Then outlook for the index in coming year looks bearish. On Monthly chart the index is trading in Channel as shown in the chart. For education purpose

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Weekly Chart of Nifty 50 Index On weekly chart it is seen that the index is forming a Pitchfork pattern and it is trading near to the median of the same. 12250 to 12350 will act as significant resistance. We can see the correction in the index to the levels of 11800 to 11900 in coming weeks. A close above the levels of 12350 will open new targets towards...

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As seen from the Weekly Chart of ACC, the stock is trading near to trend-line support on downside. On monthly chart the stock is trading in triangle pattern since since Sept-2017. On daily chart the stock is consolidating in 40 Rs. range. If the stock manages to close above 1470, the stock can see further uptrend. If the stock holds the support zone then the stock...

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On Weekly chart USDINR Currency pair is forming the Cup and Handle Pattern. 70.00-70.50 on downside and 71.75-72.25 on upside are significant levels to watch. Also it is trading near to trend-line resistance. It seems that USDINR will break out on upside.