Nifty Opens Gap down Took support around 17950 levels. Closed near Day's high What's for tomorrow The range for tomorrow: is 17950 - 18180 Immediate support 17950- 17940, likely hold the price for a while. Immediate Resistance 18050 - 18070 Above 18100, it could move towards yesterday's high i.e 18160-18180
Nifty closed at 18082. Opens Gap up Open high almost the same Closed near day's low Formed Dark Cloud Cover Candle. Daily chart support @ 17940 -17950 Immediate support @ 18060-18070 Intraday resistance for tomorrow @ 18100-18080 What's for tomorrow Opening below or resisting 18100-18090 , nifty can move towards 17960-17940
Nifty opens Gap up today - continued yesterday's move. Formed an Indecisive candle above the resistance zone. Tomorrow Expectation: High Chances of a Gap up or Gap down the opening. The gap-up opening can open up more space on the upside and nifty can move towards 18250- 18270 levels. In case of Gap down opening above 18060 levels, nifty will still try to move...
There is a Big Bull Candle formation of the hourly chart, followed by consolidation in the upper half range of the candle. Daily weekly , monthly charts all looks positive. Hence, if it sustains 396-398 , in the short term it can move towards 413, 423-425 levels in no time. Type of trade : Swing
Nifty opens the gap down below the support of 17500 and moved all the way to 17421-17400 to find the support. It formed a bullish candle at the support indicating strength in the index and moved all the way to 17600 levels. For tomorrow if it opens gap up above 17600, it might move towards 17700-17720. Though if it opens flat or gaps down, it might test 17400...
Nifty opened above the resistance zone , as we discussed in yesterday's post. We saw a good move in the first hour forming a bull candle. Then prices just consolidated within the range of the first-hour candle, the entire rest of the trading session. Expectation for tomorrow - Might open flat or gap up - Move towards 17530 - 17560 - if opens gap up above...
Nifty opened slightly gap down. Recovered right from the opening Closed near day's High. Considering the opening, follow-up moves, and closing, the price did well today, suggesting it might open flat or gap up tomorrow. Volatility is still on the cards Today's Close: 17311 ( closed at RZ) Immediate resistance at 17310 -17400. Immediate Support at 17240- 17180...
ITC still stands good on all the time frames. Now there is a probability of a shark pattern on the hourly chart, and it unfolds stock can test 345- 350 levels in the coming weeks. The stock should sustain 330 levels for this probability to hold.
Wipro has been respecting the 400- 385 zone for the past many weeks. And this week, it formed a spinning pattern at the same support zone. Now the chances are high that above 400 levels, it could test 420-430 levels in no time. On the hourly timeframe, we could see price forming double bottom formation, now sustaining 392, it could move toward 400 levels...
The stock had seen quite a fall from last week, and the weakness is carrying forward this week also. The next good support of the stock is around 167-171 levels. Keep an eye on the stock for bottom picking, though one can wait for the price to stabilize near support levels.
The stock has been holding 387-393 levels for the past many weeks. In yesterday's session it bounced off nicely from the support zone, and it looks like it is heading towards 447-450 levels in the coming trading sessions.
Jubliant Foodworks bounced from the support twice and most probably getting ready to fly. There is a Butterfly Pattern probability on the chart, if unfolds we can see it moving towards 630 and 640 levels in the coming trading sessions. Type of Trade: Swing Long trade Build up on the way up Trade with Strict SL Price should sustain above 600-605 zone
Adani Green looks good on the daily chart, there is a higher high, higher low price structure on the chart. Currently, prices are taking support at the previous top ( 2294 - 2317 ). Holding the support zone, the stock can test 2575( swing) and 2700-2800(positional) levels in the coming trading sessions. Trade with a good risk-reward ratio Risk 4% , Reward 8 - 20%
There is a trendline breakout on both Price and RSI on the weekly chart of Max Healthcare. There is also a probability of Butterfly Pattern on the chart and if it unfolds stock can see 430, 490, and 540 levels in the coming months. 1. Type of Trade: Positional Long Trade 2. Buy on dips 3. Price Should sustain above 330 - 350 price zone.
There is a monthly breakout on the Adroit Infotech Chart. The Stock was resisting the 10-12 price zone since Nov 2019. In June 2022 it gave a breakout and since then also able to sustain above it. Now sustaining the same, the stock could move towards 25 levels in the coming months. Positional long Trading with Strict stop loss
Renuka Sugar consolidating at previous top support since April 2022. Sustaining the same, the stock is most likely to test its previous high and also go beyond it. Type of Trade : Positional Long Trade
There is been a probability of Butterfly Harmonic Pattern on the weekly chart of TataConsumer Ltd. Positive price action Price should close above 815 levels on weekly chart, for this probability to unfold If it unfolds, stock most probably is moving towards 950-970 levels in the coming weeks and months. Good support at 750-760 levels Type of Trade: Positional...
There is been a positive shift in the price structure of the stock. Sustaining 110 levels, the stock is probably moving towards 125 - 130 levels in the coming weeks. Trade type: Positional long call