Simple support and tested dynamic resistance 50 ema as well.
people who want to take risk can go for target of 150, 150 + with support of 116.4.
Estimated time is 2- 4 weeks.
Please manage your risk.
Hi look at the chart, got good volume and gave breakout.
The stock tried to break the 120 levels many times, but finally it broke the resistance and made it support.
Now see the stock, it gave trendline breakout with good volume and if tomorrow it sustains above 163 then we can expect a very good move.
Always maintain your risk reward.
you can place your stop...
Look at the beauty of Price Action.
It was consolidating for 9.5 years.
It gave breakout of 7 year trendline breakout.
Please Try to take position above daily candle close of 206.6.
Safe players play above closing of 207 of weekly candle close.
Look at the Volume marked below.
Bank Nifty looks -
Bullish If it crosses 25230 level then it will be a rocket. GO LONG. (Careful with Gaps)
Bearish If it fails to break and If you find any sort of Rejection GO Short. (Careful with Gaps)
It's my view, I'm not the future predictor.
Stick with Risk/Reward.
We saw good rally in metals(Tatasteel,jswsteel,jindalsteel,Sail), these many days.
Fresh Investors Ignore Metals as of now.
Now It's in overbought zone, Will it sustain or we can see a big dip in All Metals.
Also looks like completion of Elliott's 5 wave - .
Go through my profile...
Time to book Profits !!!!
We watched a Big Rally In Steel companies for last 20 days. We are looking Some weakness in Steel sector Includes Jswsteel ,Jindalsteel and Tatasteel in the last two sessions. All are at major support If it breaks the support then we can expect a major fall.
check my profile for charts of jindalsteel and jswsteel.
Look at this nifty...