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

Comments

#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

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

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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