Do share your views, ........................................................
Hey guys, The index was in a consolidation for a long time now and we may soon see a good breakout in the index, IT Stocks may out perform in coming days, keep IT Stocks in radar.
Preparing for a breakout after forming a Cup & handle pattern,. Keep this in radar
levels for the day................................................................
on breaking 18900 we may see a good profit booking in banking stock till its above 18900 its a buy on dips
Fin nifty is moving with taking resistance the trendline, friday we saw the price well respected the trendline and we saw some profit booking, profit booking may continue today as well
Important levels for the day..............................................................................................
>Breaking out 5k level >Breaking the LL pattern >Reversing from 61.8% retracement from previous monthly swing > Small SL, High return >Closed above 200 MA on weekly TF >SL 4950 on day closing basis >Target 100% on a long run
important levels, forming an Inverted HnS pattern and stock looking weak.
#Nifty - Levels for the day Index preparing to open lower and 18100 will again work as a strong resistance for index now, If we are taking resistance than possible we may see a good profit booking in index.
Index consolidating just above previous resistance and showing weakness. if Tomorrow we are closing below 41650 then we may see profit booking in index.
>Approaching to resistance after 2018 >Preparing to break 5 years of consolidation >forming U pattern on daily TF >A good move can be seen after successfully >sustain above 300
Today is finnifty expiry and the index is looking bullish. if it successfully sustain above 18730 then we see a strong bullish candle above 18k today. Keep this in radar. Note - In last couple of expiry we have seen good sell off in 2nd half so trade cautiously & with proper hegde.
Refer the chart for detailed analysis.........................
Index is about to give breakout for ATH, keep this in radar.
We saw a good bounce from the bottom today and looking like index is preparing for a up side move but in any adverse situation we can sell index below 41200.
> Index Trading above a crucial support zone i.e 17940 - 17980. Till its above 17940 >Index moving in a range with HH pattern.
After almost 18% run the scrip is forming a flag type pattern on hourly TF. Keep this Scrip in Radar