hitendravasudeo

hitendravasudeo

Range for extreme near term intra day to next day. 44000 -43750 If 44000 crossed towards closing then upside momentum can be key. Key for balance part of the day 43750. Next intra day directional move outside the range.

hitendravasudeo

Violated earlier bottom 43900 and the same offered resistance. Upside pullback can resume above 43900 and closing above it with bullish candle. RSI has to move above 50 for upside momentum. Macd has triggered it's average. Pull back continue above resistance of 43900

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On the daily chart, if pull back is to continue then must rise and close above 19500. Currently in pullback mode of the fall from the fall from lower to 19884 to 18884.

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Currently in retracement mode as shown in chart. Can test retracement. Hourly chart exiting overbought zone on RSI Macd trigger it's average Upside can continue above 19500 23.6% and 38.6% Retracement as shown in chart

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Volume highest at the bottom. The high of volume bar is crossed for swing bottom. Resistances are being crossed. Expect next resistance to be tested. Retracement 61.8% is likely 19600 to 19800

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Expect near term to short term correction to retracement as shown on the chart. Critical support at current level even as trend line breakdown has been witnessed. Negative divergence on RSI Macd is below it average as shown via macd histogram. As long as 34k is not crossed on closing use rise to book profit and can be used for distribution. Expect retracement as...

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Support line key for short term. Volume bar and the low of that week, budget week low. Resistance line key. Supply zone. Even on attempt if pullback to test and cross resistance line. Sustainability issue will remain. Getting past the supply zone could be difficult to cross. This would mean range bound volatility between support line and resistance line. The...

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Purple horizontal line trigger if correction is to end. Otherwise see retracement to be tested as shown. Today low is the trigger for testing retacements

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The Weekly chart rushes into RSI oversold. Retracement of the rally from 17.08 to 376.70 is being witnessed now. 38.2% retracement 239 is tested as RSI hits the oversold on weekly. RSI hitting oversold indcates investment opportunity with gestation period. The oversold position may take the stock down to test 50% and 61.8% retracement which are at 196 and...

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Support breakdown has been witnessed earlier shown by 2 horizontal line. The 200 day average is violated. A pullback may be happening as RSI exit the oversold zone and is trying to move higher. This help help the rise to test the resistance zone and 200 day average. But sustainability issue may remain till comprehensive breakout above the 2 horizontal line at...

hitendravasudeo

BSE 400 MID SMALL CAP Broad market is year to stay. A breakdown on the trend can halt the current momentum. Eventually aims moving higher with volatility towards 2.618 and 4.272 levels as shown in chart.

hitendravasudeo Updated 

The expect 35000 almost attained. Bank Nifty aims to move higher with volatility.

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NIFTY FEB- The fall has been retraced to 61.8% whereas Bank Nifty has crossed the recent high and Jan-March 20. Earlier relatively Bank Nifty Under performed to Nifty. It could be now Nifty under performed Bank Nifty. NIFTY FEB sustain above the open and above 14398 to cross 61.8% level. If that happen then expect rise towards the 52 week peak and historical...

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Breakout above the earlier contract peak and also above earlier historical peak formed in Jan-March 2020 quarter. Since the rise was large one should be open for intra-day correction if sustains below the open and below 33276-32313 zone. If sustains above the open and above 33485 then expect Bank Nifty Feb to continue the rise towards 1.618 of the fall from...

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A correction of the rise from 7475 to 14772 is in progress. The 23.6% is at 1300. The last swing bottom was at 13131. The 89 day ema is at 13130. Friday bearish candle after testing the gap suggest that near term reversal for pullback to start off will be above friday high. Closing above friday high can mark a reversal from current falling correction mode. If...

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Breakout essential Expect support 0.0303. as long above it the chance of breakout cannot be ruled out in near term based on 1 hour chart

hitendravasudeo

After 3 days on indecisive candle, friday candle was bearish suggest a near term correction or retracement of the last rising swing from 89.47 to 180.10. A swing top based on the idea of lower high and lower low with bearish candle. Expect the trend line to be tested and the 38.2% retracement 144.54. Resistance will be at 164-169. Better opening and intial rise...