HELLO TRADERS, As we can head and shoulder pattern are making banknifty spot chart on daily time frame. there is two types of head and shoulder making. If shaded h&s made so breakout is confirmed today OR curve blue line h&s work then isn't yet breakout confirmed we need to do wait for breakout hope we can see breakout tomorrow. BULLISH LOOKOUT- If banknifty...
Plan A: Buy If it will sustain above 31720. Plan B: Sustain below 31720 I will wait for the confirmation. tgram at swapnilcofficial
AS YOU CAN SEE BLUE LINE ON TOP IS LONG TERM TREND LINE WHILE RED LINES ON CHART AND STOCHASTIC ARE SHOWING ( FOR NOW) BEARISH DIVERGENCE BUT DIVERGENCE WILL ONLY BE CONFIRMED IF CANDLE CAN NOT CROSS RED TREND LINE AND STOCHASTIC AS MENTIONED WITH RED RECTANGLE GIVES BEARISH SIGNAL MEANS RED LINE OF STOCHASTIC CROSSES BLUE AND GOES ABOVE BLUE THIS WILL THEN MEAN...
one should keep sharp eye on movement of heavy weighted stocks, it's support resistance too, for getting confirm 5% to10% profit in options
Descending Triangles forming as reversal patterns at the end of an uptrend i Believe!!!
it has to come downside for sure, you can't say 100% but if you wnat to take risk, this is cprrect time
As we can see BANKNIFTY is at an interesting level. from current levels... if it shows a reversal sign( 2 red candles closes below the previous one ) then go short. if it continues to show the current trend then go long for red resistance line.
As per 1 hr chart indicators showing some bullish signals. Upside target given as per Chart pattern with indicators views .Possible downside target also given. Vijayaraghavan.K, Kovilpatti.