Bullish Breakout, intraday level of 56 can't be ruled out
On basis of Gap up Entry wait for right time to go Long, it will work.
Stock approaching again its old selling zone, to be watched out
Lets wait for the stock to come at its perfect support level as stock has given multiple times significant up move whenever it has approached the range of 1077-1095, for good probable trades.
Accumulation is happening for another potential Breakout at its near resistance of 3675, further spike is quite possible as stock didn't behave according to banknifty on Friday session.
Stock faced rejection at 136 Level of Resistance, indicating a correction with support of RSI Bearish Divergence .
Possible breakout as several times resistance has been tested at same level making it weak now, with another thrust from market could lead it to breaks its level, To be added in your watch list.
As this stock has given all type of breakouts in near term so its looks like that it will succeed in breaking its near term Resistance level of 675 & 690 level pretty soon
Stock has been consolidating long time in its territory of Support and Resistance, yesterday it gave closing below 50 EMA.
A good stock for positional with aim for targets to achieve in few months heading for 200 and 275 respectively .
Banknifty is again getting ready to test its golden ratio Fibonacci level which is somewhere around 22350 , will need good support from OI put data to cross that level in coming days.
Volume is diminishing Looks difficult to cross the Resistance of 2200 , and if break of course it will go and make a new swing high as now its news driven stocks.
Currently banknifty is badly stuck 😫 , its huge resistance at 23,200 level now seems very difficult and clear sell off could be seen after pattern and channel breakout at 21,000 and Option chain data also showing same thing with more CE build up.
Nothing more nothing else Target hit., still in range ready for another breakout .
Its continuous trading in tight range for quite some time now it should give breakout in any direction either up & down for sure, keep an eye.
Breakout is waiting, Grab the opportunity, Simple analysis for money to work for you, rather than full of patterns and indicators.
Another Traingle breakout seems possible as volume are disappearing and candles are shrinking.