TF - Weekly
Piercing pattern is seen in Weekly TF.
after a continues downtrend, Green candle is seen.
This pattern means, downtrend is finished.
now we can expect uptrend in this script.
2 more reasons which makes it strong,
- Bank Nifty has seen "bullish engulfing" candle. whole banking sector starts journey on upward move.
- fundamentally, lockdown is eased to...
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As shown here, HDFC did followed our move, now will see whats next, hdfc is up on touching new heights of upto 1003. Positional and Intrday as well, as i always say positional is once Intraday so Buy above 962.50 for steep targets of...
1. As mentioned in my previous study we are now at reversal level (Link is mentioned below).
2. ON Drawing Cypher Pattern on the previous AB-CD Level.
3. to satisfy, cypher Pattern level 78.6% level will be the reversal level , D= 850.
4. Sell Below 897 Target: 888 , 882( Trend Line Collision Level).
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1. HDFC Bank Price took the reversal from 78.6% retracement level from the previous low on Hour Chart.
2. On Drawing AB-CD Pattern on the same.
3. On complete formation AB-CD Pattern, D Point will be the reversal level.
Assuming BD = 1.27 , D = 887
Assuming BD = 1.61 , D = 901
Assuming BD=1.00 , D=877 (If Double Top Formation Happen)
4. As we know RBI have...
After failing to push beyond 22k in April, Bank Nifty is poised to make a run at it again. The bulls will start accumulating positions at previous lows of 16,800s over the next week. We can see the prices moving north in the first week of June, with the whole of June witnessing a decent bull run.
1. Kotak Bank stuck in Descending Triangle Pattern.
2. Price took reversal from the Triple Bottom Formation.
3. Inverted Head and Shoulder Formation about to complete on Hour Chart.
4. BUY ABOVE: 1183 TARGET: 1214 , 1275 STOP LOSS: 1125
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