No bearish divergence yet, however, there is a resistance around 79 - 80 initially.
Plan1 Buy1 around 208 - 210 | Sell around 215 then 225 Buy2 around 198 - 201 | Sell around 210 - 215 Stoploss 189 (Closing Basis) Plan2 Buy Above 242 Sell around 247 - 253 then 280 then 300 Stoploss 239 (Closing Basis)
It should not break 334. upside targets are around 390 & then above 400. If 465 is Crossed & Sustained, we may witness 600+
Hidden Bullish Divergence. Upside Resistance around 109 - 110. On the flip side, 104 can be a good support.But if it comes around 92 - 94 it has a potential to take a Very Good Upside Move from there towards 120+ But Bullish Momentum will resume once it crosses & sustains 113 with Good Volumes.
Beautiful Morning Star Formation on Weekly TF (positive). Also Weekly Trendline Breakout. Sustaining above 284.60 on Monthly basis is a Positive sign. It may touch 280 - 281 & if we find 2-3 hourly green candles, risk can be taken to go long. However, it should not break 280 on Closing basis. Crossing & Sustaining 300 will lead it towards 310 - 315.
Bearish Divergence on Weekly TF. To resume its uptrend, it must cross 496 - 500 level. Immediate Supports seems to be at Current level otherwise, 370 - 386 is an Important Support Zone.
Though Bullish on Bigger Time Frames but it has Started making LH LLs on Daily TF. Currently at Important Support level. Bullish Divergence has appeared that should give it a Bounce. If 345 is Sustained, we may witness slight upside may be around 375 - 385. If 391 is Crossed with Good Volumes & Weekly closing is above this level, we may see it touching 415 - 420...
Currently Near Channel Bottom around 935 - 940. Either it should bounce from 932 - 935 or otherwise breaking 930 would open ways towards 827 - 830. As mentioned many times in my earlier analysis that the Bullish Momentum would resume only if it Crosses & Sustains 1200 - 1250 atleast.
The Only Negative Point is the Bearish Divergence on Comparatively Bigger Time Frames.
Bullish on Daily TF. ABCD Pattern will be in play once it crosses & sustains 19.50. Potential to touch 24 then.
Bullish on Bigger TF. However, good support is around 520 - 530
I have also put 3 test cases for Future Learning that I will share with My Students later Inshaa ALLAH. Under all those Test Cases, Index should show Positivity in Upcoming Days (may be tomorrow or onwards). But Tomorrow's Closing is Important to see. Either it fails or play (as expected), there would be a lot of New Learning (for me atleast) Inshaa ALLAH....
Though Bearish Divergence is appearing on Weekly Tf; but no Bearish Candle yet & crossing 425, it may hit 445 - 450. However, Friday's Closing is Important. It may retrace up to 358 - 370 & a Good Bounce is then expected. That may be considered a Good Buying Opportunity. & if 355 is Broken, we may witness 290 - 295.
No Bearish Divergence yet on Bigger TF. Strong Support around 36 - 37 which is being respected. Immediate Support seems to be around 38.30 - 38.50 Immediate Resistance is around 45 - 46 & then around 56 - 57. Crossing & Sustaining 57 may lead it towards New Highs.
Retraced upto Golden Pocket of Recent Bullish Rally which is actually a Healthy Correction. Now, it should take Support from 23 - 23.10 & touch 25 - 25.50 initially. To Start its Bullish Momentum again, it needs to break 27.50 atleast.
660 - 665 is a Strong Resistance for now. Monthly Closing above 660 is Required with Good Volumes for its Further Upside move. If this level is Sustained, we may witness 750 - 770 & then ABCD Pattern will be in play if 775 is Crossed & Sustained with Good Volumes, targeting around 1000+ On the flip side, 590 is an Important Level that should not break on Monthly basis.
Monthly Closing above 58 would be a positive sign. It is Currently at a Very Good Support & it should bounce from this level towards 60 - 62. However, Next Support levels are around 55 - 56 & then 49 - 50. More Positive Momentum will start after 71 - 72. Initial Resistances are around 63 - 65 & then around 82 - 83.
Evening Star formation on Daily TF. However, it is still Bullish on all Time frames. It is currently at Make-it or Break-it sitaution. Next Support is around 17.90 - 18.50 On the flip side, 24.50 is an immediate resistance.