NIFTY
As per 1st chart we see that is in Rising Triangle and Breakout on Upside, and Friday Again Test That Upper Trend line of pattern.
As per 2nd Weekly chart we see that Price Made Continue Higher High and MACD & RSI Indicators are Not. So if MACD negative cross over then that confirm Divergence.
On 3rd chart which is also Weekly, we see that Break out of last swing High 18604 is Not Sustain, and again Close Below that level. With that we seen Close Below Monthly Pivot Level 18511 also.
So as per my view that below 18510-20 zone Nifty Remain Weak.
Support Levels :- 18420-18330-18115-18000-17777.
Resistance Levels :- 18515-18605-18750-18888.
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NIFTYBANK
As per Daily chart we see that is made New All Time High On Friday 09-12-2022 and then fall and close again at Previous Day High. We see that is break Rising Trend Line from September-2022 Low and again test that trend line with New High and Fall With Good Volume.
On Daily Chart made " Bearish Hanging Man" candlestick pattern.
So Friday Low is Important For More confirmation for Down side Move.
We see that NiftyBank Touch Weekly R2 is near 43895 (High 43853).
Support Levels :- 43300-43100-42950-42700-42200-41850.
Resistance Levels :- 43900-44100-44400-44600-44950.
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ABSLAMC
As Per Weekly Chart we see that is Close Near 2 Month High with Full Bullish Candle. and after 2-3 month again Close above 21W EMA. So if sustain above that and Break and Close above 34W EMA then 1st time Close above that EMA's. is 1st Confirmation that Trend Is Change.
In this Week Falling Market this one is Close Near High Which indicate that some Strength in this Counter.
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COLPAL
As per Weekly Chart we that is Trade in Triangle Pattern and last week Touch both Line Of pattern and Close near upper line of pattern with good volume. We see that Break 3 month Consolidation Period also. So coming Days if sustain above 1625 or Cross 1660 Then chance that is break Out of pattern and we see some good up move in coming weeks.
Support Levels :- 1625-1600-1580.
Resistance Levels :- 1660-1675-1695-1727-1753-1795-1825.
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GODREJIND
As Per chart we see that After made Double Bottom Near 401-405 give good Up move. almost 3 months fall, rise in just 3 wees with good volume.and close above 200W SMA.
After April-2022 1st time Cross 200W EMA also. 21 & 34 W EMA also turn upside after a long time.
If Weekly Close above 505 then "W" pattern Formation also avtive and 1st time cross Previous Swing High also. So Trend Change Possible.
COLPAL and GODREJIND both stock and MARICO & TATACONSUMER also looks good on charts. All this Stocks follow FMCG index. This INDEX also seen good Up move On Ratio With NIFTY.
So That High Chance that FMCG may out perform in coming weeks.
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KEC
As per chart we see that after 3-4 months consolidation period close above last Oct-2022 swing High with very good volume.If sustain above 460 or cross 485 then chance that we see again some good up move in coming weeks. Is High Volatile Stock so Trade accordingly.
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RAMCOCEM
As per chart we see that is in falling wedge and thsi week close near Resistance Line of channel with good volume. We see that befor 4 week fall is continue made Higher High Higher Low and last 2 week candle rise week after week is indicate that some serious buying is coming in this stock.
So if stock cross and sustain above 736-740 then we see some good up move in coming days.
Support Levels :- 685-655-634.
Resistance Levels :- 740/46-800-810-824-885.
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