BSE
Indian Oil Corp Price at monthly trend linepink line is monthly support around 70 rupees.
it is important to see this level when price hit this trend line support if price able to maintain this level than it can move upward to short term target 80 , 90 , 100 as relief rally ( corona crisis so it can repeat usoil rally too.)
no oil consumption can lead this to 50 , 60 rupees zone. same as usoil contract about to expire and negative price hit. but yes until pandemic is not over oil will go dip
INDUSINDBNK pullback before takeoffHidden bearish divergence on the 4H Chart indicates a slight pullback to the 400-410 level before retesting the ascending triangle resistance. If broken it is a promising 25% upside. Will update once buy region is hit. Slowly but surely. Patience is key.
-Kautilya.K
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Nifty Demand and supply zones according to me
Nothing to add much, in such markets i love to fall back to basic rules. For me the most basic rule of the market is Demand and Supply.
Market never turns its back towards this system, price will always respect these zones.
Other two systems i will prefer after zones is channel and Fibonacci, have used all three in this chart. Mark these levels on your chart. This chart is having extremely important data in it, analyse this chart deeply.
I know i am sharing idea after long time, was busy with some stuff hence forth will try to share ideas more frequently.
is nifty going to fall now?you can notice my earlier study on nifty chart for wedges and now in this chart you can notice same gap and coming down to fill out gap,
next support zone and opportunity to enter freshly for investment or trading,
if you like and want more chart explanation on equity chart like and follow