CHAKSHUBHATIA_5

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Support and resistance of bank nifty for 09/05/2024 .

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Hindalco create a gap over 6% on there quarter earnings, after that Hindalco make a range in between 500--540. In current closing Hindalco gives the breakout of range. RSI show positive momentum, gives closing above 50 . Its structure shows a positive momentum for bull above the high of Friday closing.

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Nifty formed bearish chart pattern on 15 mint time frame impulsive-corrective-impulsive. if it successfully break the low of 1st wave than its going for 21700

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Nifty shows negative traits in daily timeframe, firstly it activated 5 Ema trade and secondly it give the breakdown of trend line. As we all know market faces the many hindrance i.e. international tension, electoral bond issue, few days back SEBI chief says "we are in bubble" all these traits try to make negative impact in the market.

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nifty looks bearish on 15minutes timeframe, it forms double top pattern at higher level.

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BANK NIFTY gives breakout on daily timeframe with strong bullish candle, Rsi is show positive momentum.

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Nifty Bank is move upside around 2.5% in today session and in the category of top index gainers. If we closely look the Bank Nifty chart, we can see the breakout on daily time frame with good decisive candle. INDUSIND BANK is the top gainer in the BANK NIFTY, along with Index it give breakout. As we can see in the chart INDUSIND BANK shrink the range from the last...

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NIFTY 50 Support and Resistance Levels, Its look negative on hourly timeframe. Nifty try to form double top pattern at there higher levels. Neckline will play crucial level for support if its break, then we can expect level till the starting point of trendline. Disclaimer: Its for educational purpose only do your own analysis before taking any position.

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Bajaj Finserv is at breakout point. RSI show the bullish Divergence, if it give successfully breakout then we can see a bullish momentum around 1700-1720. Bajaj Finserv breakout point pe trade krra h. Agr hum Rsi ko dekhe toh yeh bullish divergence show krra h, agr breakout legit hota h toh hum 1700--1720 tak ki rally expect kr skte h.

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Nifty tomorrow support and resistance levels for trading.

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Eicher Motors currently trade in the range, as per the RSI its show the greater side of bullish momentum. Its take the support from the fib 0.618. If resistance will break than next target is 4200.

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HDFC Bank looks good for long term. if we the weekly chart, we can see its forming bullish pattern at their support zone.

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DRREDDY formed is on breakout trade if its closing above the trendline than we can plan for the long trade.

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VTL is looking good for long run, it has ability to travel till 550 after the successfully crossing of 440. But as we are looking for short term there also good opportunity with small sl of 12 with the target of almost double.

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M&M finance is on the bullish breakout, next resistance level 300---323---343.

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INDUSTOWER looks bullish on daily time frame. its trading on trendline breakout.

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AIA ENG gives breakout at the bottom, it looks bullish from here for 3642-----3800.

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SUPRAJIT forming double bottom pattern on daily time frame. RSI is showing the bullish momentum. we can see UP side momentum. its face hurdle around 395--409--422.