Monday, February 7, 2022

Some Daily Technical Chart View Based on 07/02/2022 Closed Price.




 Nifty On Daily chart seen in Triangle Pattern.

Support Line Yellow At near 16970. and 17077 is last swing low. So Below 16970 we may see trend change also. Last support Last Month Low 16836 (16800).


As per this 2nd chart we see that swing Hi-Lo levels. we see clearly that 16836 level and below that 200D SMA is near 16730. After August 2020 Nifty Not Break 200D SMA.


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As per Bajaj-Auto chart we see that after Falls Break out of Resistance Trend line, again Trade in Rising wedge channel. If break Support Trend Line near 3377, we see more down side. 

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As Per BPCL Chart we see that is trade in Rising Wadge From Dec-2021 low, we see that Price Closed at Near Support Trend Line. If Hold 370 Level then we see again some up Side. But if Break 370 and sustain below that Then we may see More Down side. Vertical Support as per 2nd chart is near 368-365.8.

 

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As Per Chart of Britannia we see that is Trading in Falling wedge and lowest close compare to last 2 swing Low.  And Volume is High compare to last 3 day fall. So today Low is important and if break 3430 Trend line then we may see more Downside. Below that 3370 is May & July 2021 Low.

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 As per Daily Chart of Coalindia, we see is in Triangle Formation.and is near triangle is near to join both trend line. and price is still in a triangle. So any side we see breakout and then after good one side move.


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As per Daily Chart of LT, we see is trade near 7-8 Month Trend line and close near that. Below Today Low 1874 and Last 2 Swing low 1862-1850. So 1875 to 1850 is support Zone. Below that we May see More Downside.

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 AS per Reliance Daily Chart we see is in Triangle Pattern and today Break Support Trend Line and Closed Below that. Below That we see 200D SMA. So if break that 200D SMA ( Near 2297 ) then we may see some more Downside.


 

 

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