Hello & welcome to this analysis using Ichimoku Multi Time Frame Analysis Stock has a history of lengthy periods of sideways correctives. The current scenario suggesting a trend line resistance if taken out then upside till 2250-2350 where it faces a major resistance. Support at 2050-25 if violated then next major support at 1900-1875. Anything below that would...
Nifty looks weak..BN has broken down...so let see the confirmation next week
A complete detailed analysis of Deepak nitrite. Only for educational purposes. I am not a sebi registered analyst.
It is above moving average(10,20,50 days) which is a bullish sign. Cloud break out around 1772, followed by TK crossover. MACD bullish crossover n all 15min, 30min, hourly chart support bullish momentum. With pivot around 1766 which will act as support for short term.