Important Support lies around 50.50 - 51 & then around 43 - 43.50. For Fresh Entry, either 54 should be Sustained else, wait for the mentioned Support levels.
Bearish Divergences are there on Weekly TF. 125 - 126 is Still an Important Level that should be Sustained. Otherwise, 119 - 120 may give a Bounce Upside. On the flip side, 135 is an Important Resistance. However, if 142 is Crossed & Sustained, we may witness 150 then 158 - 159.
As mentioned in analysis shared on 19-05-2024 that 85 should be Sustained on Monthly Basis; we can see that Monthly Closing is at 89.90 Clear Bullish Divergence may act as a Reversal sign. Now it should touch 92 - 93 once & Sustain this Level for Further Upside. On the Flipside, it should not break 84.
Analysis Shared on 16-05-2024 played really well. It Touched 785 exactly. As mentioned earlier, we may see Trend Continuation now if the Current Level is Sustained with Target around 1000+
Currently Near Resistance around 459 - 465. For Fresh Entry, one should wait for 480 to Cross & sustain. On the flip side, 427 - 430 may act as an Important Support.
Bullish on Weekly as well as Monthly TF Crossing 179 will lead it towards 200+ then 250 149 is a Very Strong Support that should be Sustained on Monthly Basis However, 155 then 140 - 141 may act as Weekly Supports
Important Point as shared on 21-04-2024 is Still Valid. however, breaking 4.60 will expose 4 - 4.10
Series of HH HL on Weekly TF Bullish Flag Pattern seems in play
Plan1 If 139 is Sustained, Entry can be taken then, Otherwise Buy around 134.55 - 136 Sell around 140 then 143 Stoploss 129 (Closing basis) Buy above 156 Sell around 165 if 170 is Sustained, Next TP would be around 180 -185 Stoploss 150 (Closing basis)
Though Still in Downtrend but Bullish Divergence on Daily TF. Seems like taking Support from 17.14 which is 78.60% fib. retracement level. Entry can be taken at CMP with a Stoploss of 17 (on closing basis) targeting 18.50 - 19 initially which is again 61.8% fib level.
To Continue the Bullish Trend, it should cross & sustained 36.10; the target would then be around 44 - 45. Recently, it made a LL on Daily TF. Now 32.60 - 33 should be Sustained, otherwise the price will move further down towards 29.80
Currently, it is in Golden Pocket and if it takes Support from this level, we may expect Good Gains. It should Not Break 85 on Monthly Basis (monthly support level). Breaking this level will expose 63 & then 55 in bit longer term. However there is a Bullish Divergence on Daily TF & we may expect reversal from around 86 -87. Initial hurdles can be 92 - 93 & if 97...
Bullish Divergence on Hourly, Daily as well as Weekly TF. Entry can be taken around 31 - 31.70 with a Stoploss of 29 on Closing basis. Immediate Targets can be 34 - 35 However, it would be More Bullish & will be in Uptrend once it croses 35 - 36
114.50 - 115.50 is an Important Resistance that should be Sustained for Upside Move. On the flip side, Good Support levels are 108 - 110 and then 96 - 98. However, Risky Players may take at Risk at CMP (109.80 - 110 should be Sustained on Weekly basis). Stoploss in this case should be around 95 (on closing basis)
30.80 - 31.80 is an Important Support that should be respected for Upside Move. Next Support is around 28.60 - 28.80 Immediate resistance lies around 33.50 - 34 and if 39 is Sustained, we may wintess 45
Important point is that it has broken the Previous HL thus giving a Signal of Trend Reversal on Daily Basis. However, Two Important Support levels Support1 around 222 - 223 Support2 around 211 - 213 targeting around 230 - 235 initially. On the flip side, if 235 is Sustained on Weekly basis, it may continue its Uptrend with Initial Resistance around 258 - 260
Bullish Divergence on Daily TF. 125 is an Important level that should be sustained on Weekly basis. From 126 to 130 - 133 can be a Swing Trade Setup with a Stoploss of 125.
Bullish Divergence on Weekly as well as Monthly TF. Bullish on Daily as well as Weekly TF. Fresh Entry can be taken with a Stoploss of 7.90 (on closing basis). Targets can be around 9.90 - 10 and then 11