I was thinking more like to the orange line level... To me it looks like up trend so I'm conservative (or biased) towards up move. Let's wait for more answers.
At the moment its a fractal in the making. We still have 13 days to finish the month and anything can happen. What if there is a recovery and we cose above 12000??? However, assuming it falls, it could fall up to the low of may which is at 11100 something. On monthly candles these individual candle levels have no meaning.
For trend support to break it has to fall below the levels @sanju005ind mentioned. That happens to be 10000 on our Nifty.
Missed the morning trade when it dipped into the support area and then took the short once it entered the resistance zone. Got 90 points for today. Let's see where it opens tomorrow. View attachment 36270
it was clever thought of hiding the script name. your chart - Bxxx xxxxY has not yet made the real top. so it wont fall before meeting our targets. i have seen this chart like 1000 times. so could not help it.
Now that likes of DCB Bank/Fed Bank etc came with disappointing numbers (not to mention out flow from RBL bank) its fair to assume the likes of Kotak Bank & HDFC Bank will receive more attention from Investors.