EVEREST INDUSTRIES DAILY CHART ANALYSIS AS ON 26.12.2021

EVEREST INDUSTRIES as per daily chart analysis the stock was in consolidation zone and 24.12.2021 it has broken the consolidation zone and stock above 480 for a target 490 level. Resistance is at 500.
Nifty monthly chart forming indecisive doji, weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.