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Shooting Star / Inverted Hammer pattern giving warning sign at 24150 resistance zone.

 Nifty formed inverted hammer/shooting star formation in end of day charts today.  this kind of formation at key resistance zone indicating that there could be more downside move ahead in coming sessions. Hence, keep strict stoploss. Next key support level to be watched on closing basis is at 23950. Close below this level gives more strength to Bears. Keep strict stoploss. regards, suryadev bandari research analyst  
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Rising Wedge pattern in NIfty. 23650 looks possible in coming days.

 Nifty cmp 24110.  Rising Wedge pattern visible. 23650 looks possible in coming days. stay alert. regards, suryadev bandari research analyst
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Bearish Reversal Candle formed at resistance zone 23750-850 zone. Time to stay alert.....

 Nifty Bulls again failed to sustain above 23750 spot level and slipped below 23600. In daily time frame, Bearish reversal candle formed . It's time to stay alert as bigger selloff can trigger below 23555 spot level from tomorrow. Keep strict stoploss. regards, Suryadev Bandari Research Analyst
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Bulls Failed to surpass 23800 resistance zone. Bears getting strength now.

 Nifty tested our resistance zone 23800 but failed to sustain there and bears dragged nifty lower. Now next key support at 23150, this is laxman rekha for trend deciding level. Once Bulls fails to hold this support 23150 on closing basis, Next direction is down side begins. Keep strict stoploss to long positions.  severe selloff possible below 23150 support. regards Suryadev Bandari Research Analyst
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Fresh Up move or Down move resume???? Read on....

 #nifty cmp 23836.  DoubleCorrection (w-x-y ) visible in hourly charts.  Most probably fresh upmove can start from here.  #investing #tradingview #stockmarkets #elliottwave #earningwave Regards Suryadev Bandari Research Analyst
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Nifty near 24000. Next target?????

 Nifty cmp 23963.  Next hurdle at 24260-270 zone. Key trend deciding level at 24850-900 zone. key support at 23450. Keep strict stoploss. regards, suryadev bandari research analyst
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nifty cmp 25565. Key supports hold.

#nifty cmp 25562.  stay alert.  key supports holding, market can take any direction.  Upside resistance 25818-900  Downside supports at 25450-440. keep strict stoploss.  #investing  #tradingview  #elliottwave  #stockmarkets #NSE Regards, Suryadev Bandari Research Analyst
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