- As always suggested, 16000 Nifty was a short term target
- Would recommend caution here. Strong resistance at 16200-16250.
- 1.618 ext from the lockdown bottom and the flag formed in April
- Watch how price reacts at these prices
#Nifty 30 min:
- Ascending wedge + bearish divergence
- Breakdown could initiate a short term correction. 2 key supports mentioned
-Overall chart remains bullish. I believe 16000 will be hit before any sizable correction
@Puretechnicals9@rohanshah619@bbrijesh
@tachartlearner@Puretechnicals9 @Jitendra_stock H&S is a reversal pattern. H&S is counter trend. This chart is a continuation of a prior trend. The trendline is significant. Break of it should continue the up move
Chart Analysis 📊 #bluestarco
- Price bounced off 1.13 extension and formed a bullish flag
- Entry on daily close past 850
- SL under 830.
- Target 1- 950. Past that 1050-1080 could also be hit.
- Favorable R:R--- 4.5
@Puretechnicals9@bluechips4u
@Jitendra_stock
Chart Analysis 📊 #JOCIL
- Price looks bullish on weekly. Moved up to trendline resistance with strong resistance
- Break of trendline could take price to 350
- Book partial profits at 280
- Final Target: 350
- SL under 170
- R:R> 7
@nakulvibhor@Puretechnicals9
Chart Analysis 📊 #smlisuzu
- Inverse H&S at trendline support
- 25% up move likely from here
- Wait for daily close past 500.
- Book partially @ 570. Final Target- 640
- SL under 480. Favorable R:R
@Puretechnicals9
@Jitendra_stock
@Jigar71238653 I would avoid any new longs on this one. Good chance break out from the triangle will take price near 400.
Even a upside break shouldnt be bought into. Wait for price to clear 500
Chart Analysis 📊 #JOCIL
- Price looks bullish on weekly. Moved up to trendline resistance with strong resistance
- Break of trendline could take price to 350
- Book partial profits at 280
- Final Target: 350
- SL under 170
- R:R> 7
@nakulvibhor@Puretechnicals9
Chart Analysis 📊 #smlisuzu
- Inverse H&S at trendline support
- 25% up move likely from here
- Wait for daily close past 500.
- Book partially @ 570. Final Target- 640
- SL under 480. Favorable R:R
@Puretechnicals9
@Jitendra_stock
Chart Analysis: #forcemot
- Bullish Bat
- 30% move likely from here
- A trade can be taken past 1240 with a SL under 1180
- Target: 1600-1620
- R:R = 6
@Puretechnicals9@rohanshah619@bbrijesh