The stock may given a multiple breakout in next coming week after good consolidation. The risk and reward is very favourable with ratio 1:3.
Points considered in analysis: The chart analysed on weekly time frame and for positional trade only.
- Ascending Triangle Pattern
- Volume accumulation in past few week
- 2 year resistance breakout
- Morning Star...
Last 1 month Nifty trade between 15450 to 15920 range.
this level is make or break level .
which side break we seen sudden move that side.
for next week 15600 is small support, if not break we seen again 15750-15800
and if break 15600 then 15520/15450 possible .
Nifty made All time high, but banknifty still left
2000 point for make new high.
Bank nifty support seen at 34500/34400
add there for 34800/35000/35200
If bank nifty close or sustain above
35433 we seen 36000/36400/36800+.