Nifty after showing a late and well awaited 1.5% move today in dying hours of trade took everyone by surprise. Now as per the current technical trend we are on a crucial juncture of trend change in coming 2-3 trading sessions. From High of 5309 to 4675 if we calculate the Fibo Retracement:5 WEMA at… Read More »
Bharat Forge taking multiple support at 243 levels during the recent months and now again its coming on the same levels.IF this time it holds that we can see an up move till 251 258 and 262 levels in very short term and if it breaks that we can see levels till 240 236 and… Read More »
Nifty Daily Charts is attached as above: Nifty showed a bit of resilience on Last Saturday special trading session and closed with a 1% of gain.We look quiet oversold on Daily Charts as per MACD and RSI. Now immediate support for Nifty comes at 4692 the low of Friday and Immediate resistance at 4832 Higher… Read More »
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Nifty after making a low at 4814 for 3 days in a row than feeling Resistance now at 4950 levels,As a common saying in Previous support become resistance it is proved again in charts shown above.But it would be a good to be on long side as FII bought heavily in Index Futures today in… Read More »
Nifty daily charts are attached her by 1. Nifty has for formed a Bullish Hammer Formation 2. The significance of this pattern will be confirmed on Monday if we see a white candle or nifty opening gap up and sustaining that move.3. Nifty futures has left a bear gap between 4976 and 4964. This gap… Read More »
Nifty if we take fibo retracement of 5320 from 4539 Golden Ratio of 61.8% Retracement comes at 4828 Area This should provide good support. Resistance at 4930 and 4980 (200 SMA) Region
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JSPL has been under bear threat for almost Today volumes were quiet high and stock did not broke its 20 Week MA @665 if thats agin held toomrow intiate longs for a target of 675 685 and 692
IRB Forming Double Top @282 once that breaks and trade above that buy for a tgt of 286 295 and 299