Technical view on Bank Nifty and JB Chemicals
JB CHEMICALS
Stock forming double top @148 levels and a rising trendline which is simliar to ascending triangle formation.
Break of 148 is necessary for higher tgts of 151 and 155
MACD is overbought zone
Sell below 141 tgt137 and 134
BANK NIFTY
Bank Nifty broke the trendline resistance and is now heading for acid test near 100 DMA @11915 and 50 DMA @ 12079
Both these levels needs to be crossed on closing basis for any further up move in bank nifty.
MACD is giving a buy on daily charts,closing above 100 and 50 dma is mandatory for …
Read the full story »
Stock forming double top @148 levels and a rising trendline which is simliar to ascending triangle formation.
Break of 148 is necessary for higher tgts of 151 and 155
MACD is overbought zone
Sell below 141 tgt137 and 134
BANK NIFTY
Bank Nifty broke the trendline resistance and is now heading for acid test near 100 DMA @11915 and 50 DMA @ 12079
Both these levels needs to be crossed on closing basis for any further up move in bank nifty.
MACD is giving a buy on daily charts,closing above 100 and 50 dma is mandatory for …
Read the full story »
posted by Bramesh at
7:06 AM
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