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Nifty has been forming a downtrend channel for 140 days. After creating excess on the descending channel, the price has surged sharply.

Price surge stopped between the range of 17110 – 17144. It connotes that nifty can give a big move after the breakout of the parallel channel.

If the Nifty breaches the upper band, we can expect 17365 – 17562 – 1760.

The breakdown of the lower boundary can drive the nifty up to 17026 – 16955 – 16880.

Otherwise, nifty will be the value area until it breaks these levels.

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(Available Vacancy – 19)

NSE UBL Trade Setup

First, I recommend reading the previous call of UBL.
Link – NSE UBL Is Declining, But Major Support Is Ahead

At that time, it has touched all targets. And today’s same pattern is unfolding in UBL stock. Look at the below chart:

UBL has broken down the uptrend channel and has started forming a minor descending channel.

Currently, the price is on the upper band of the minor channel.
If the price sustains below 1452, it can go for 1404 – 1381 – 1368 below.

Please note that the breakout of the minor channel indicates a new high.

NSE JSW Energy Tips

Did you read JSW energy’s research report?

24/03/2022 [4 Day’s Ago] NSE Calls – JSW Energy, Pokrana, Dhani

BEFORE

Price had completed the corrective wave ((B)) and started moving down.

Breakout of the descending channel indicates that bulls are losing control and supply is increasing.

I had mentioned in clear words, “Traders can short for the following targets: 289- 278 – 262 below.”

AFTER

[11:15 AM] – Price hit the first target of 289.

Will the price reach the final target of 262?

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(Available Vacancy – 36)

Click the below link to read today’s pre-market BankNifty Intraday Call:
NSE BankNifty: Technical Analysis

Today morning at 9 AM, I had written, “…It will try to retest 35260 – 34880 – 34600 levels this week”.

It has touched the first target at 9:22 AM.
Will it touch the second target?Further information will update on our mobile app for premium subscribers only.

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(Available Vacancy – 42)

First, I recommend reading the previous report of BankNifty.
Link: BANKNIFTY Can’t Wait to Fall – Even Without NIFTY’s Help

According to technical analysis, Banknifty is trying to collapse. It needs solid support to reenter into the uptrend channel. The strong support is nearby the 34600 level. It will try to retest 35260 – 34880 – 34600 levels this week.

The uptrend will start in below two conditions:

• If Banknifty remains above the uptrend channel.
• If Banknifty breakout the parallel channel.

MACD, DMI, MA, and Volume are signaling bears are stepped in.

What will happen if conditions break? Don’t miss reading the next report…