vnagaraj0803

vnagaraj0803

As seen on the chart, the support from the Volume profile indicator has been breached on Weekly and Daily Timeframes. A huge red candle has engulfed the previous days candle and the gap up could not hold as well. HCL looks bearish and the targets are TG1 - 1114 TG2 - 1074 The above is for educational purpose only.

vnagaraj0803

Bank Nifty has formed a double top pattern and the downward trend is forming a H&S pattern on Intraday. Support and resistance based on OI is marked in the chart. A gap fill is still open which suggests the market may go down for 1 or 2 trading sessions and take off. This is my view and for educational purpose only.

vnagaraj0803

Good support for HDFCBANK at 50% fib level on a daily timeframe and the volume supports the momentum and trend reversal is expected. This is for educational purpose only.

vnagaraj0803

Bank nifty is looking weak on Daily and weekly time frame. Support and resistance is as shown on the Charts. Weekly Time frame is halfway there for an evening star pattern. This is my View and for educational purpose only. I hope this helps.

vnagaraj0803

L&T looks extremely bullish based on the below observations: 1. Broke the 20 EMA resistance with a Big Green candle forming a bullish engulfing pattern. 2. Channel Breakout and re-test done 3. Good volume compared to the last 7 days Targets & SL are as mentioned on the Chart. This is for educational Purpose only.