prabhuchinagudi

prabhuchinagudi

as we can clearly see it has successfully closed below 21 and 51 EMA and broken the trend line with huge volumes it can come down to 18250 level where it meets the 200 EMA to retest.... we all know that when ever market moves away from MA's always // trendline breakdown + support lvl break + MA break.. + correction after...

prabhuchinagudi

for short term as of now BN is highly bullish from the options&futures data. as shown in the charts it may take a correction move if it din't sustain above latest daily candle.. 37500 is the deciding zone for the downside from there it may continue another impulse move according to data. for the next move after correction 42500 is the target which ic the...

prabhuchinagudi

u can see that its taking support from the lower band of that channel pattern.... observe the strong SHORT buildup in todays market....+ unwinding of LONGs which indicates market is going to hit 18k very soon.... be careful while taking position....in down side

prabhuchinagudi Updated 

its forming inverse head and sholder and if it breaks that trend line....goes up and 50% fibo rejection from previous trend

prabhuchinagudi

its moving in a channel pattern, so look for breakout at the top

prabhuchinagudi

may give the breakout very soon but be careful... look for any breakouts with proper support..

prabhuchinagudi

by seeing charts we can say tomorrow can be a bullish day as it is holding exactly 50% fibo level and making higher low of channel pattern, 35000 is also a pshycologically a round number OI data is also showing strong support at 35000 if it breaks down 35k............??????

prabhuchinagudi Updated 

important levels

prabhuchinagudi

trade with the trend...