NASDAQ one of the best performing Index despite severe covid-19 issues.
SHORT VIEW NWGATES ABOVE POINT D, LOOK FOR LONGS ABOVE 8911.
Short in the range of 650-660 , trend line is broken but there are chances of it taking support in that range and continue with its upward journey. Contrarian Call if resistance is broken look for longs above 690.
NSE:ZEEL View chart for all details.
NSE:NCC View chart for all details.
NSE:BAJFINANCE Bajaj Finance is forming lower highs and lower lows, and its lower breakout will be done soon, better take a positional short is futures June series and 2200 as SL. For target and more details view chart.
Reliance was unable to break an important psychological level of 1500 twice, we have immediate support at 1460 which is 0.786 retracement and failing to sustain it can create shorting opportunities.
Gold formed bearish bat in daily charts, the downward movement towards the target has started. if we break 1660"point b" and 1560"point c", we will see levels of 1450.
VIEW CHART FOR DEATILS MACD is supporting the short setup
NSE:BANDHANBNK wait for the resistance to cross to build long positions. Banking sector is weak so probability is low, if resistance isn't broken short with levels of pitchfork.
NSE:AXISBANK Axis bank is near an important zone which is 440 which acted as a major resistance during past few weeks, also it is just a few points above 100day EMA, MACD is about to give the negative crossover.
NSE:NIFTY Since the time we hit an all time yearly low on nifty, it is gaining in a "RISING WEDGE" manner whose breakout wont be coming soon. Looking at Fibonacci retracement it can be drawn that we are heading towards 10,000 mark (approximately) which is 0.5% retracement which also has highest call writing for 7/05/2020. Also a bigger announcement is on...
the target of 1.618 retracement was met, probably heading towards point "c".
NSE:ITC ITC is in a safe sector but market conditions can bring the prices down. ITC can be good short candidate below 175, see the chart for further levels and updates.
NSE:IBULHSGFIN So Ibull had a bullish breakout above its resistance trendline on 27/04/2020 but even after breakout it is consolidating in the range of 117-120 which is a resistance zone since past 2 weeks. 1. IF Bullish Trend Begins if we it successfully breaks 120 we may see another R1 122 and final R2 or TARGET of 132. 2. IF Bearish Trend Begins if we...
NSE:TCS TCS is currently trading in a range of 1500-1900 but the POSITIVE thing is that it is having HIGHER LOWS which increases the probability of breakout above1900 and it has also formed TRIPLE TOP at 1900 which makes a stronger resistance to break. IF it doesn't break 1900 it may take support again at 1800 and next support is at 1700. According to me the...