amanagarwal2714

amanagarwal2714

The next resistance zone is 17630-17800 Now as we saw a one way move from 17000 we may see a consolidation after Nifty hits 17630. Or a minor correction from there. Once we get breakout from consolidation or we clear the 17630 level after a correction then Nifty can go till 17800. Nifty can directly go, but generally that don't happen as market will not move...

amanagarwal2714

Ubl is trading at all time high. The monthly and weekly charts are making classic higher top and bottom pattern. A rounding bottom on daily chart with heavy volumes. The first target is 1900. Based on monthly charts it can show 2200 levels in long term.

amanagarwal2714

There is hidden divergence forming in nifty and same marked using red arrow. And now nifty may go till 14150 if nifty breaks 14550 and sustains below those levels. Disclaimer this is not advice to trade buy sell or hold. Ask your financial advisor before trading. I am not responsible for any losses that may happen in a trade taken considering the above analysis.

amanagarwal2714

Time frame Daily Rsi divergence is seen on daily chart and I have marked the same using arrows. So if nifty breaks the trend line (black line ) then we may see a upside till 14800-15000, 15200 The pattern will get activated only if nifty goes above 14465 and sustains there. The above idea is my analysis and not a recommendation to buy, sell or hold. I am not...