rounakgupta274

rounakgupta274

Today the price was in the same range inside the yesterday candle . Today candle is bearish . Now 47285 is the resistance and 46490 to 46500 will be the 1st support . Nest support will be 46088 to 46050 which is also near 5 EMA in daily time frame. 45500 is a very good level because there is a Big GAP of 500 points . Once the price has to come down to take...

rounakgupta274

In weekly TF there is a double bottom formation. Previous resistance was 44732 which has been broken. Now the current price is 44814 which is near by 45000 which will act as a resistance. But in longer TF 1 upside move is pending and the target will be 46100. 45745 level will also act as a resistance because there is a GAP Now between the current price 44814 and...

rounakgupta274

Last week in Weekly candle selling pressure was there from upside. May be this week price can make a inside candle .

rounakgupta274

Currently in weekly time frame price is not bullish . Last week candle is also bearish candle . 44200 is a good support level . There is a chance that price will take support from level.

rounakgupta274

From this point there is a chance that the price will come down . Over all trend in daily chart is bullish but we can see little correction in price.

rounakgupta274

Simple price action chart. Upside GAP will be act as a resistance .

rounakgupta274

Price is little bearish in Daily wise chart. But as we all know it is a good bullish market . So, if the trendline resistance break there is a chance that again the buyers will try to push the price upside . NOTE - 45650 is a good support area from where we can get a good upside movement in a short time.

rounakgupta274

After a very long consolidation in a form of Ascending Triangle a good breakout is there with a good volume .

rounakgupta274

Price in consolidating in a parallel channel which has been tested multiple times as resistance and support . 44550 to 44500 is a good support area from where buyers are continuously trying to push the price upside and 45000 is a good resistance where sellers are active . If any side breakout happens we can get a good target .

rounakgupta274

If price Open GAP Up there will be a resistance point at 45650 which is today high. And if price open GAP Down and breaks 45000 which is a good support level it can continue till 44750 .

rounakgupta274

This is the 3rd time price is taking support from this channel . If price breaks its recent high we can see the next target 2600.

rounakgupta274

Price is near its very good support level . Excepted move is downside .

rounakgupta274

Market is consolidating in a same range from 44050 upside and 43350 downside . This week chances are there for a good movement either upside or downside . But for the downside there are more chance for the breakout .

rounakgupta274

Market is in a range from 44087 to 43535 this week . In Expire we can take a short trade and make a small target in same range market .

rounakgupta274

RAIN INDUSTRIES LTD has given a good breakout in daily chart . If 175 level is break upside we can take A swing trade . Our SL will be 170 and target will be 184

rounakgupta274

Ascending triangle pattern . Breakout in 15 min T.F will give a good target .

rounakgupta274

Price action strategy . Market is running between good Resistance and Support levels . We can book small profit or take incur loss . After a good breakout we can see a good movement in price .

rounakgupta274

Simple price action analysis . Good support in 43828 level . If it breaks target is 43690. Facing continue resistance from the trendline , so if trendline breaks our target will be 44250.