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Showing posts from May, 2023

Ending diagonal in ending stage. Top reversal likely.

  #nifty cmp 18330 Bulls failed to surpass 18380-400zone.  Ending diagonal pattern in ending stage.  Below 18280 we get confirmn of reversal.  so, keep 18280 as stoploss for longs.  Once it breaks 18280, we can see sharp selloff.  http:// earningwave.com #investing #tradingview #StockMarket

Nifty alert. 17850 is very critical support.

Nifty recorded high 18267 and reversed from there. 18280-325 is very strong resistance zone. On the down side 17850 is very critical support for nifty. Trend deciding level. If Bulls able to held this support 17850 level, then we can see one more attempt to move higher. If, incase, Bulls fails to hold this 17850 support, then we can see deeper correction to resume. Hence, watch 17850 spot level keenly. Trade accordingly. Regards, Suryadev Bandari Research Analyst.