Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia
Download Telegram App before Joining the Channel
As long as prices trade below the SMA level of 45900 region could expect a corrective move towards the downside objective of 45220 followed by 44870. Next stage of price recovery could see only above 45900 region.
Weakness may extend lower in the coming session towards the downside objective of 41150 then to Bollinger lower band level of 40580 region. On the other hand, sturdy trades above 42100 could lift prices higher.
Ensuing recovery move likely to uphold in the coming session towards the Fibonacci retracement objective of 1780 then to 1830 region. But fall past below 1645 may push prices lower.
Present technical formation and indicators point to further recovery to 163 then to 165.70 region. But dip below 156 could cajole fresh selling for intraday.
Direct fall below the Bollinger middle band level of 397.70 could squeeze down prices lower. Else hold the same for a prices recovery to 404.50 or even higher.
As long as prices hold the EMA level of 920 could expect corrective move further down towards 899 then to 886. But rise above 920 may lift prices higher.
A major prices recovery may be seen only above 151.40.Else could expect prices to continue broad weakness to 148.40 or even lower to Bollinger lower band level of 146 region.
Decisive trades above the sloping trend line resistance of 135 could lift prices higher to 136.20 followed by EMA level of 137.90 region. Failure to crack above the same may push down prices lower to 132.80 then to 131.60.
If prices trade below the SMA level of 131.70 region could expect a corrective move towards the downside objective of 130 then to 129.40 region. Intraday prices recovery could see only above 131.70.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer