It beautifully completed ABCD pattern around 219 - 220 and then reversed. Now the immediate Support seems to be around 122 - 123; from where it may start making the Right Shoulder (may be up to 160 - 170) of H&S pattern. However, next important Support is around 95 - 100.
Stock is Still Bullish. Immediate Support is around 425 - 426 However, it may re-test 414 - 415 which is actually a very Important Support level. If it sustains 490 - 500, we may witness 600.
Stock is still Bullish on Bigger TF. 370 - 373 is the immediate support level. However, the next support zone is around 350-355 that should be respected. But to continue the Bullish Momentum, it needs to cross & sustain 445.
17 - 17.50 is an important Resistance area. Tomorrow's Closing above 15.40 may trigger further positivity. 15.20 - 15.30 can be the initial buying range with a Stoploss of 13.67 (closing basis) targeting 17 initially. If 18.10 is Crossed & Sustained, we may witness 23 - 24.
Double Bottom around 168 -168.50; a bounce is expected. Tomorrow's Closing is Important. Sustaining 168 , may lead it towards 190 - 193. On the flip side, if 168 is broken, we may witness further downside; but it should touch 180 - 181 once before going down. However, for a Trend Reversal, it is important to cross 201 - 202.
However, Bearish Divergence is there on Weekly TF. With Slight Corrections, Index may reach 141000. S1 is around 134350 S2 is around 132173 However, crossing 138000 may lead it towards 141000.
Alhamdulillah, as mentioned on 27-09-2024 that index may touch 87000 with slight corrections, it touched the mentioned level. Index is Still Bullish. It has the potential to touch 100,000 - 100,350 It may take some correction of 2000 - 3000 points. S1 is around 88500 - 88700 S2 is around 87000 - 87200 There is no harm in the Bullish Momentum as long as it stays...
As mentioned on 13-10-2024, Crossing 102.50 lead it towards 112. Now, 104 - 105 may act as a Good Support. and Crossing 113, will lead it towards 125 - 127.
It would be a buying opportunity if it comes around 18 - 18.60 Stoploss in that case should be around 14.60 If 22.50 is Crosses & Sustained, we may witness 26 - 27.
43.80 - 44.40 may act as a Good Support. But if this is broken, next support would be around 42.10 - 42.70. However, Monthly Closing above 44.40 may trigger positivity. And it will confirm its Bullish Momentum, once it will cross 46.80
a Very Important Support is around 113 - 113.50 Channel top is around 124 - 125 But before that 119 - 120 is also a Resistance point. Trade can be taken with a Stoploss of 112.50 Risky players may trade with a Stoploss of Today's Low (around 116.50) However, monthly closing above 113.20 would be a positive sign.
Closed at 26.40 (24-10-24) Continuously in Down Trend.
Morning Star Formation on Weekly basis. Bullish Divergence on Daily TF. If 56.50 is Sustained on Monthly Basis, we may witness 59 - 60. On the flip side, 51 is an Important level that should not be broken otherwise, Bearish Flag Pattern may play targeting around 44 - 45.
Downtrend followed by Inverted Hammer. Bullish Divergence on Daily TF. However, few Bullish Hourly Candles may confirm the Buyers' Interest at this level. 46.50 is Important to Cross & Sustain for the Trend Reversal.
Bullish on Daily TF. Immediate Support seems to be around 67. However, if this level is broken, next Support levels are 61.30 - 63.50. Immediate Resistance seems to be around 70 - 71
Though Bullish on Monthly TF, but Weekly closing is important; above 41 is a positive trigger. Still, 45 needs to be crossed for a Bullish momentum. However, Bearish ABCD pattern also seems in play; targeting around 23 - 24.
Double Bullish Divergence on Weekly TF. Confluence of Trendline Support & Horizontal Support around 58. 65.50 - 66 is a Very Strong Resistance.
It has taken Support from 0.618 fib level. If 485.50 is Sustained, we may witness 580 initially. On the flip side, 407.50 is immediate Support on Monthly basis.