Skip to main content

Irregular triangle at the end of last leg. Any time Impulsive down move begins. Beware.


Possible Irregular triangle in finishing stage. Once this triangle completes, then we will see swift impulsive down move in market. Upside capped at 11141-11045 range.
Crucial support to watch today is 11000 spot, once this level breaches, then we will get indication of possible trend reversal.
Keep strict stoploss to long positions as we expecting swift trend reversal anywhere between 11045-11141 zone.
Resistance 11045-11141
Support 11000, 10960.
Regards,
Suryadev Bandari
Research Analyst

Comments

Popular posts from this blog

#nifty poised to make new all time high soon.

  #nifty cmp 22597.   #Bulls strongly holding key supports. 22350-440 zone.  As long as nifty trades above this zone, its poised to make breakout all time high. Upside resistance trendline around 23110-23250 zone. Regards, Suryadev Bandari Research Analyst   #tradingview #investing #stockmarkets #elliottwave #earningwave #suryadev    

LIVE ON DOORDARSHAN 8 YADAGIRI "BUSINESS MUCHATLU"

Once again market turned bullish.

 Nifty heading towards 25000+ levels Banknifty heading towards 54500-55000 levels. Buy on dip mode Key supports for nifty 24200-150 zone. Key supports for Banknifty 51750-500 zone. as long as above levels holds, market moves higher. Regards, Suryadev Bandari Research Analyst