ABCD Pattern may play well. Also 38.20% fib level support seems to be respected.
Currently making HH HL. However, it made a Double Bottom around 34 - 34.50 Also Bullish Divergence is observed on Daily TF. Entry can be taken with a Strict Stoploss below 34. Next Support would be around 31.50 - 32 Bullish Momentum will start once it crosses 40.70
Double Bottom around 168 -168.50; a bounce is expected. Tomorrow's Closing is Important. Sustaining 168 , may lead it towards 190 - 193. On the flip side, if 168 is broken, we may witness further downside; but it should touch 180 - 181 once before going down. However, for a Trend Reversal, it is important to cross 201 - 202.
Bullish on Bigger TF. However, there is a Bearish Divergence on Weekly TF. 43 is an important Support level; if it is sustained, we may witness 45 - 46. Stoploss in this case should be around 40.
Negative Point: Bearish Divergence on Daily TF Bullish Points: Morning Star Formation on Daily TF. Bullish on All Time Frames Sustaining above Strong Resistance area (218 - 219); this may act as Support now. Immediate Resistance area : 249 - 260 Immediate Support area : 217 - 221 We may witness 290+ if 270 - 275 is Crossed
72.10 is Important to Sustain on weekly basis to move towards upside. & 77 is a Strong Resistance level. On the flip side, 65 - 66 is a Strong Support area that should be respected.
It is Bearish on all Time Frames. But Currently it is at 38.20 % fib level; we need to wait for a Bullish Signal (at least on hourly basis) for fresh entry here. If this Support is broken, we may witness 63 & then 55 - 56 as it would also be a Double Bottom area.
As mentioned in last analysis, it successfully touched 1050 after sustaining 955. Now it is near Immediate Resistance area. Currently, it is moving in a range from around 930 - 1050 Sustaining 1065 may lead it towards 1100+ On the flip side, 930 is a very Important Support.
Seems like taking Support from 23.60% fib level which is around 120.50 - 121.50 Slight Bullish Divergence on Shorter TF may push the price upside towards 130 - 133. However, True Bullish Momentum will continue if it Crosses 134 & then Sustains 139-140.
422 - 425 may also act as an Immediate Support. However, a Very Important Support lies around 412 - 415. However, if this level is broken, we may witness 382 - 387. Sustaining 427 - 428 may lead it towards 500. And Crossing & Sustaining 510 may expose range around 650.
It beautifully completed ABCD pattern around 219 - 220 and then reversed. Now the immediate Support seems to be around 122 - 123; from where it may start making the Right Shoulder (may be up to 160 - 170) of H&S pattern. However, next important Support is around 95 - 100.
Stock is Still Bullish. Immediate Support is around 425 - 426 However, it may re-test 414 - 415 which is actually a very Important Support level. If it sustains 490 - 500, we may witness 600.
Stock is still Bullish on Bigger TF. 370 - 373 is the immediate support level. However, the next support zone is around 350-355 that should be respected. But to continue the Bullish Momentum, it needs to cross & sustain 445.
17 - 17.50 is an important Resistance area. Tomorrow's Closing above 15.40 may trigger further positivity. 15.20 - 15.30 can be the initial buying range with a Stoploss of 13.67 (closing basis) targeting 17 initially. If 18.10 is Crossed & Sustained, we may witness 23 - 24.
Alhamdulillah, as mentioned on 27-09-2024 that index may touch 87000 with slight corrections, it touched the mentioned level. Index is Still Bullish. It has the potential to touch 100,000 - 100,350 It may take some correction of 2000 - 3000 points. S1 is around 88500 - 88700 S2 is around 87000 - 87200 There is no harm in the Bullish Momentum as long as it stays...
As mentioned on 13-10-2024, Crossing 102.50 lead it towards 112. Now, 104 - 105 may act as a Good Support. and Crossing 113, will lead it towards 125 - 127.
It would be a buying opportunity if it comes around 18 - 18.60 Stoploss in that case should be around 14.60 If 22.50 is Crosses & Sustained, we may witness 26 - 27.
43.80 - 44.40 may act as a Good Support. But if this is broken, next support would be around 42.10 - 42.70. However, Monthly Closing above 44.40 may trigger positivity. And it will confirm its Bullish Momentum, once it will cross 46.80