Bank Nifty forrmed bearish diversion on daily chart. Expecting a small correction before Bn heading towards ATH
Bullish Flag and Pole Stock is holding at higher level Given a good consolidation after a rally Can continue its trend
Stock at demand Zone Gap filling Good consolidation MACD cross over Strenghth in Stock. LOng Term view- Bullish
Nifty lossing strength at 16600. RSI bearish diveriosn on Hourly chart. Gap filling is pending at 16100. Watch for further weakness in order to short nifty at approriate level for target 16080. Note: Broken a major trend line today. If start travelling below trendlineline then look for shorting nifty.
Reason for bullish Indusin Bank at stong support line RSI bullish diverson on hourly chart MACD cross over
Monthly Target- 5300 acting as good demand zone. Long Info Edge in range of 5350/5400 for next monthly target of 5700 with SL 5280
BN weekly Expiry Range- For- 18th August 21 Upside- 36090 Downside- 35450
Bank Nifty Make or break levels Breakout above 36200 Breakdown-Below 35950
Bullish Diversion on Day Chart 2500 is good support Levels to watch for Swing trade Down Side 2450|2430|2410
One can go long for Quarterly Target- ATH arong 3050. Stock at accumulation Zone Showing Strength on daily chart. Could be false breakdown- Fundamantally Company is strong. Moonsson Season is always good for such stocks
BhartiAirtel at all time high. Facing rejection for last 3 day. Short at 625 With SL 635 For Short Time Traget 601
ApolloTyers at Accumulation Zone RSI - Bullish Diversion Given a good Breakout on daily chart Formed Morning Star Pattern Targets1-240 (Weekly) Target2-250 (Weekly) Target3-260(Weekly/Monthly)
RSI trendline breakdoen. Hence good fot Short - Target 35200- SL 36000.