Now tough resistance 32800-33000 till then a short covering takes place strong support 31900 below 30500 to come. Index didn't made its bottom yet so market structure weak.
Now strong resistance 🔥 areas 33300-33000 and target 30500 index has no potential to move up breaks the deadline and gonna make deadly 😫 fall , before taking any action by my ideas u have to put faith on me check out my all ideas and get back if you got full faith on my intensive ideas. Regards Arindam Paul.
Now 34000 act as key resistance and immediate resistance 34300/34000 buy only above 34300 , 33300 immediate support this trendline sure to bend, below 33300 one can definitely sell index is overbought now has stronger resistance than support upside levels difficult to come so we are on the short side. Short side target 30500
Now immediate support 33400 and resistance 34000/34300 I didn't seen any strong resistance in this index but supports becomes stronger and it's overbought now the trendline is my support now if it breaks we will see a straight down fall to 30500
Dear followers once again I told you 15000 🔥 tough looks impossible for me so you can play bullish till 15k , 14984 is technically resistance if breaks upside can go above 15k but still there impossible situation remind me , a trendline I've plotted after breaking down you can see a straight fall. Thank you.
Now this is not a trendline is a deadline breaking this huge fall to come before that go with the flow supports are strong than resistance that's why I told 33k good but not tough yet. Immediate support 32500 upside target 32850-33000-33300. Chart has no strength on upside cause it's going to overbought and which trend hasn't strength is sure to bend. 33000 has...
Now immediate resistance 32600 and strong support 32000 which is really very strong I every time from last week talks about strong support but longer term trend still bearish and for tommorow above 32600 trgt 33300 and this upmove hasn't any strength. Today's move is unexpected to me, this rising move will definitely fall after breaking it's trend.
Resistance level plotted on chart are short term levels most accurate trade according to it.
Now strong resistance 32150 index failed to break 32330 it won't come back for 2nd attempt so below 31830 fall and 31000 looks good support but technically won't work so 30500/30150 possible target. In my view 32000 was one and only resistance so fall confirmed. Wait for Monday once again gap down Monday maybe seen. Guys don't hesitate to comment.
Now 30500 yes strong support 🔥 below you will recover you'll make huge money and immediate resistance 31900 , tough resistance. 32330 above I strongly recommend you to buy but RSI readings says it will reverse fall down to 30000. This moves in this week I see range bound though the range is big but breaking any side make huge moment u can follow the current...
Now the situation of India again in control of covid so I made long term trading ideas index may follow the channel continued from March 2020 low or it may follow the trend line I've plotted is from 2009 to current date. If 29700 break big fall to come again due to covid 19 tension.
Now tough resistance 🔥 31900/31500 and 30900 looks good support. below headed down to 30150 which is very strong support zone buy it can break if the 2nd 🌊 of covid 19 get out of control. So view for the week even for next week is bearish.
This is volume analysis where volume is drying down u can see on chart the continuous downfall of negative volume it indicates on later time it will be a turn into a bullish volume in upcoming month and stock will be bullish so.
Now strong resistance 31900-32000 & and 30500/30000 looks very very strong support to me. So dear followers do not sell or buy aggressively we need breakout of either 32000 or 30500 break any side will give big moment just like today , but this week would be moment less like previous week sideways and I think intraday trader whoever shorted banknifty today made...
Now immediate resistance 32330 if goes above then can seen near 33k ; strong support 31900 below 31000/30500/30350-150 can be seen and strong bullish only after 33350. So by any means we are on sell side the two levels one if 31900 break huge fall , if 32330 sustain then fall can seen from 33000 which is tough resistance. There is higher chance of breaking 31900,...
Now strong resistance 🔥 32330/32000/ even 32500 buy only above 33300 and immediate support 31400 below I see 30500/350 and 30150 strong support 🔥. Now RSI at approx 57 huge fall expected again just follow the levels only. Guys I've published more intensive ideas on stock specific short/long term basis which is very useful u can check it out into my profile, pls...
Three support level plotted it can bounce up from any one.