Given breakout with good candle above the resistance area and then restest the level with small red candles . Now it has made another new high. We can see more upside move in this. And also the fmcg sector also in uptrend.
JSW ENERGY breakout above the resistance area and after that it tested the level and took the support the made new high .it has potential to go more upside.
Banknifty trading in the range
Long only when it break out above the range or 35800
TRADING IDEA
1) Break above 35800 after 12.30 we can go long
2) below trend line we can short
Nifty made a double top at the resistance zone (15900).in daily time frame it's made inverted hammer candle.
In hourly chart its at the support level ..
Trading ideas
1) if nifty consolidate at 15800 zone and breakout then we can go for long .there is 100 point space in upside !
2) short entry at 15870 zone may possible
3) for short below 15800.
Yesterday it was very bullish. In last hour it reverse from the resistance 35800. profit booking seen In last 1 hour. Still we are in uptrend in bigger time frame..!still it's holding the trendline .
Trading ideas
1).above PDH we can go long target is 36000
2)below 35500 we can look for shor trade but have to trade with small quantity as its a counter trend...
NIFTY is now in DOWNTREND (made lower high and lower low.) as per HOURLY Timeframe .
here it's trading near its support zone(15650- 15700) . From two days it's in the range if it break the support again then it may continue till 15500 level.or if break out above the range and trend line then it may test tge upper levels 15890. (➡️For reverse entry we have to go...
NIFTYBANK is now in DOWNTREND as per HOURLY Timeframe. Now it's trading at support level 34600 from last two days . if it break its important Support around 34600 Level which may continue till 34000 Level . And if if it break out above trend line and above the range then it may reverse till upper level as there is space in both the sides.
