rounakgupta274

rounakgupta274

In daily time frame "Inverted Head & Sholder" pattern is formed and today price has given its neckline breakout. 443.50 to 444 is the minor change of character and it can also act as a reversal area. If price close above 444 next target can be 470 to 485. 390 will be the stoploss area.

rounakgupta274

Price has made its low and formed a "Double Bottom" pattern in weekly time frame. RSI momentum is also good and showing upside momentum. Today closing price is 81.90. Next target can be 86 to 87.50 for swing trade or intraday. If price closes above 84 next target can be 90 or above for long hold. But price is also near its 50 EMA and last time price has taken...

rounakgupta274

Good bullish candle braekout in Daily time frame. C.P is 130.21 . price range from 122 to 124 can be the reversal area for upside. If price takes a reversal form that point we can go long for swing next week .

rounakgupta274

Currently price has given a very Good Bullish candle breakout in Daily Time frame. Current price is 463.50. Price is making H.H and H.L in DTF. We can go for a Long position in swing trade for next week .

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 .