Trendline to Watch, From the last budget to this. Banknifty at almost the same level. But holding it
Good Move can be expected intraday in the stock. Keep an eye on the upper trendline
Refer to the Weekly Nifty trendline. The market will remain a buying on declines till this is breached.
Time to book full profit if long and exit this stock and look for going short
Highlighted area is Nifty 2008 Monthly chart, Crash happened in Jan 2008. After that market retraced 50% from the lows. Then Nifty went sideways for 4 months before resuming it's down move. In 2020, 50% retracement from lows is around 10,000 levels. Market to remain choppy. Only skilled intraday traders can make money in indices for coming months. Bear Market...
Be Cautious in shorts
This stock didn't participate in last rally, however it looks good now to go up. entry if it sustains above 1187
Volume is falling while price is rising. Do not chase the stock. Wait for a dip to buy
TCS consolidating within 200 point range for 10 months. Big move expected once it breaks out of the triangle
Index seems to be taking support at 23.6% retracement zone. Bullish indication. Look for Longs if positive moves continue today.
I see banknifty headed towards 30300-30400 range. It is 38.2% retracement of the last upmove as well
Buy TCS for gains in short term