Made Double Bottom on Daily Basis around 345 Tweezer Bottom on Daily TF 50% fib level tested on Weekly basis 352 - 353 is a Very Important Support level that should be Sustained on Monthly Basis
ABCD pattern will be in play once 113 is Crossed & Sustained Cup & Handle Pattern will be in play once 99 is Crossed & Sustained However, Sustaining 93 on Weekly basis would be a positive sign
Making HH HL on Weekly TF Good Support around 57 - 58 then 49 -50 Immediate Resistance 63.80 - 64 Crossing 71 - 72, may lead it to 80
However, Immediate Resistance around 24 - 25 If 15.50 is Sustained on Monthly Basis, we may witness further Upside Good Support Levels are around 20.60; 18.50 then 15.50
Hit Exactly the Double Bottom area at 88.60 Bullish Divergence on Weekly TF
If 160 is Broken, we may witness 155-156 then 150 To continue the Bullish Momentum, it needs to Cross & Sustain 180
890 - 900 may act as a Good Support Stoploss should be below 890 on closing basis Targeting around 930 - 950
This Weekly Support (around 152 - 153) should be honored for Upside If 159 is Crossed & Sustained, we may witness 179 and then 200
if this last Monthly candle closes above 46.70 - 47, this would be a Perfect Morning Star Formation (combination of last 3 candles) However, Double Bottom is around 42 and also 0.786 fib level of Entire Rally Bullish Divergence is also being created on Weekly basis; & appeared on Daily TF
Bullish on All Time Frames However, Needs to Break & Sustain 31 initially 33 & then 36 - 37 would be the Initial Resistance Points and in a bit longer term, 46 can be witnessed
Weekly Support is around 74 Good Support around 73.50 - 74.20 If 73.70 is Sustained, we may witness 77 and then 79 initially Stoploss should be around 72
Positive Sign: Making HH HL on Daily TF Negative Sign: Bearish Divergence appearing on Weekly TF 125.50 - 126 is a Monthly Support Level should Sustain on Monthly Basis However, 130 is Currently an Important Resistance Stance: Should wait to Cross & Sustain 131 - 132 to Target 138 - 145
Immediate Support lies around 12200 - 12380 However, Bearish Divergence on Daily TF To Continue its Bullish Trend, 13100 should be Crossed & Sustained 13400 & 13900 are next level Resistances Remember, there is No Harm in Index as long as it is Trading Above 11800 If this level is broken, Trend Reversal is Possible
74.50 - 75.50 is an Important Support Levels Otherwise, Crossing 84 - 85 may lead it towards Double Top Zone around 93
Buy Above 9.40 TP1 around 11 - 11.50 TP2 around 14 then 17 Stoploss 7.40 (Closing Basis)
Bullish on Weekly as well as Monthly TF Bearish Divergence on Weekly Daily TF
Double Bottom around 30 Safe Entry: Above 32.80 Target 35 Stoploss 30 (Closing basis) Risky Players may take entry at CMP with Stoploss 28.70 on Closing Basis
Though Still Bullish on Weekly TF But Clear Bearish Divergence on Daily TF 90 is the Breakout level of Monthly Resistance