Crossing 179 will lead it towards 200+ then 250 149 is a Very Strong Support that should be Sustained on Monthly Basis However, 155 then 140 - 141 may act as Weekly Supports
Made Double Bottom on Daily Basis around 345 Tweezer Bottom on Daily TF 50% fib level tested on Weekly basis 352 - 353 is a Very Important Support level that should be Sustained on Monthly Basis
ABCD pattern will be in play once 113 is Crossed & Sustained Cup & Handle Pattern will be in play once 99 is Crossed & Sustained However, Sustaining 93 on Weekly basis would be a positive sign
Making HH HL on Weekly TF Good Support around 57 - 58 then 49 -50 Immediate Resistance 63.80 - 64 Crossing 71 - 72, may lead it to 80
However, Immediate Resistance around 24 - 25 If 15.50 is Sustained on Monthly Basis, we may witness further Upside Good Support Levels are around 20.60; 18.50 then 15.50
Hit Exactly the Double Bottom area at 88.60 Bullish Divergence on Weekly TF
If 160 is Broken, we may witness 155-156 then 150 To continue the Bullish Momentum, it needs to Cross & Sustain 180
890 - 900 may act as a Good Support Stoploss should be below 890 on closing basis Targeting around 930 - 950
This Weekly Support (around 152 - 153) should be honored for Upside If 159 is Crossed & Sustained, we may witness 179 and then 200
if this last Monthly candle closes above 46.70 - 47, this would be a Perfect Morning Star Formation (combination of last 3 candles) However, Double Bottom is around 42 and also 0.786 fib level of Entire Rally Bullish Divergence is also being created on Weekly basis; & appeared on Daily TF
Bullish on All Time Frames However, Needs to Break & Sustain 31 initially 33 & then 36 - 37 would be the Initial Resistance Points and in a bit longer term, 46 can be witnessed
Weekly Support is around 74 Good Support around 73.50 - 74.20 If 73.70 is Sustained, we may witness 77 and then 79 initially Stoploss should be around 72
Positive Sign: Making HH HL on Daily TF Negative Sign: Bearish Divergence appearing on Weekly TF 125.50 - 126 is a Monthly Support Level should Sustain on Monthly Basis However, 130 is Currently an Important Resistance Stance: Should wait to Cross & Sustain 131 - 132 to Target 138 - 145
Immediate Support lies around 12200 - 12380 However, Bearish Divergence on Daily TF To Continue its Bullish Trend, 13100 should be Crossed & Sustained 13400 & 13900 are next level Resistances Remember, there is No Harm in Index as long as it is Trading Above 11800 If this level is broken, Trend Reversal is Possible
74.50 - 75.50 is an Important Support Levels Otherwise, Crossing 84 - 85 may lead it towards Double Top Zone around 93
Buy Above 9.40 TP1 around 11 - 11.50 TP2 around 14 then 17 Stoploss 7.40 (Closing Basis)
Bullish on Weekly as well as Monthly TF Bearish Divergence on Weekly Daily TF
Double Bottom around 30 Safe Entry: Above 32.80 Target 35 Stoploss 30 (Closing basis) Risky Players may take entry at CMP with Stoploss 28.70 on Closing Basis