POSTED THIS ANALYSIS FEW DAYS AGO WITH A BUY SIDE EXPECTATION NOTHING HAPPENED AS PLANNED . WHY UST BECAUSE THE MARKET PRICE DEPENDS ON FUNDAMENTALS AND NEWS .... WITHOUT BOTH OF THEM NO TECHNICAL ANALYIS WILL WORK .
ADANI ENTERPRISES LOOKS VALUE BUY TILL IT BREAKS 307
Nifty behaved exactly the way it was anticipated. A short-term dip, enough to get bears interested and create positions. And then bounced back sharply from close to anticipated supports at (11,750-11,800). I have drawn two rising channels on this chart, which I sense will now provide immediate resistances. Going ahead, I feel the index will face resistances from...
As u can see bank nifty rejected from trendline again this week is down for bank nifty but it also forming an symmetrical triangle pattern lets see where it goes ! This is for educational purposes only!
As per global market and our loan, India China tension, market seems to flow in negative tomorrow. So trade accordingly as per your convenience. All targets are given and i have provided only one resistance target which I don't think it also going to work.
1. MOVING AVERAGE CROSSOVER 2. TREND LINE BO 3. SUPPORT RESISTANCE 4. PRICE ACTION 5. SUPPLY AND DEMAND 6. BREAK OUT STRATEGY
It has made a Bearish Harmonic Bat in daily time frame. It could retrace till 1200/1175/1100 provided it does not start sustaining above 1270 once again. Harmonic Patterns are derived from Fibonacci Ratios when each angle of retracement aligns to confirm a reversal probability of 38-50-62 % of the existing trend.