ON WEAKLY BASIS WE CAN SEE THAT NIFTY IS MOVING IN CHANNEL WHICH SHOWS THE RANGE OF NIFTY 50. ON DAILY BASIS NIFTY OPENED HIGHER BUT IT WAS UNABLE TO SUSTAIN THAT LEVEL AND IT BROKE DOWN TO THE LEVEL OF 11242 AND AT THE END IT MANAGED TO REGAIN SOME OF ITS LEVEL. WEAKNESS IS STILL THERE IN NIFTY 50 CURRENT MOVE. EDUCATION PURPOSE ONLY.
EICHER MOTORS CAN SHOW A RALLY TOWARDS ITS RESISTANCE ON THE SUPPORT OF CURRENT NEWS OF SPLIT IN STOCK.
NIFTY HAVE FORMED TWO CONTINUOUS DOJI ON DAILY BASIS WHICH INDICATES INDECISION AND WEAKNESS IN TREND ALTHOUGH IT HAVE CLOSED ABOVE 11300 LEVEL BUT FORMATION OF DOJI SHOWS WEAKNESS IN PRESENT TREND. EDUCATIONAL PURPOSE ONLY.
PRICE IS MOVING IN RANGE AND ANY MOVEMENT ABOVE THIS CAN GIVE A GOOD RUN UP.
NIFTY 50 HAVE TESTED THE 11300 LEVEL AND ANY MOVEMENT ABOVE THIS CAN TAKE IT TO 11500 LEVEL. ONLY FOR EDUCATIONAL PURPOSE.
S1- SUPPORT 1 S2- SUPPORT 2 T1- TARGET 1 T2- TARGET 2 ONLY FOR EDUCATIONAL PURPOSE
r1- resistance 1 r2- resistance 2 t1- target 1 t2 - target 2 only for educational purpose
t- target only for educational purpose
only for educational purpose marobozu indicate strong bullishness