NIFTY Future was a un decisive candle on friday. Hence the high and low will be important combined with the trading zones that we discussed the other day. It will be prudent to take directional trades on with either side of the breakdown
As again markets seemed to prove again to be ahead of the elections and the subsequent results. Now since the event is done it will be crucial to try and analyze the potential direction of the markets post the results. In our various posts for the past week or so we had mentioned that 7950 is a potential downside target and break of that could only signal another...
#banknifty #technical Whats Next???--- BankNifty futures have broken past the crucial support zones. Now any pull backs to 17380-17420 will be challenged. On the downside a break below 17200 can lead to fall to 17065-50 zones where we may expect support to come in from both technical and psychological basis. On the upside bullish trend will only resume if 17450 is...
JustDial(NSE) Potentially completed its Correction with an W-X-Y pattern within the parallel channel. One can buy now with Stoploss just below the lows and target at 1200 and 1600.
JSW Steel has been sharply recovered from nearly 52 week low. Some short covering is taking place and some traders have created as it seems some good momentum in this week's trading session. Overall Metals trend is bearish and short covering is expected till 1020. As overall trend is bearish this long position is only suggested till next week.
The price is in Weekly/Daily ascending channel (green). Now, forming a falling wedge (bullish signal). The Fib C is at 61.8%, where price made bearish engulfing pattern to head south. D1 target is in line with 0% of AB swing and ascending price channel (8271), on break of this next target is D2 at 8040. However, I am expecting price to come at 8271 and then go...