7. Trendline from 2018-2019-2021 comes at 39000 so far, hence 39000-40000 levels are very likely in coming days.
Bank Nifty - Technical View
1. Previous bottom pre budget was at 29687
2. Recent high 37700+
3. As per dow theory index held previous bottom and
made higher bottom at 30400+
4. Expecting a new high as per HH HL pattern
5. Breakout above 34287 done.
7. Trendline from 2018-2019-2021 comes at 39000 so far, hence 39000-40000 levels are very likely in coming days.
More from Shivaji Vitthalrao🇮🇳
Hindcopper -- Can face selling pressure from 122-125 zone. Bull are weak and Previous bottoms 135-136 major hurdle. Not Crossing 125/135 can take stock to lower levels
#Hindcopper https://t.co/KMpDhWTc53
#Hindcopper https://t.co/KMpDhWTc53
#hindcopper
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) August 29, 2021
1. Given sell at 170-175 zone when it made a distribution pattern for targets 120 and 95
2. Stock is heading towards 90-95 and wont be suprised to see 75-80 levels in panic
3. Stock is clearly in down trend and till we see a turn around I would like to wait and watch pic.twitter.com/IfGNEwcPD9
Hindcopper cmp146+
Previous low 135 can be the SL for longs.
Possible short term bottom here CONFIRMATION ABOVE 158 for further upside
Previous low 135 can be the SL for longs.
Possible short term bottom here CONFIRMATION ABOVE 158 for further upside
Hindcopper -- Expect Buying interest once price cross/close above 157-158 zone pic.twitter.com/GfRd1yHFpH
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) July 5, 2021