A Bullish Fractal has been formed on the Muhurat Trading Day. Will the Classic Fractal theory hold Valid ? Let us wait and watch.
NIFTY RETRACED AFTER FALL. 8743 NEXT TARGET FOR UPSIDE AND SUPPORT AT 8658 - 8600
Auropharma is giving a Buy Setup!! After the correction in 5 wave.. I would expect it to give an upward correction towards 50 to 61.8% fib levels. Happy Trading!!
Bullish Bat Pattern is forming on ABB. PRZ is near to previous structure support.
DHP India has been consolidating since the previous post about this (links attached). However, it seems poised for a breakout now leading to a move above it's all time highs. The SL remains unchanged.
Relaxo seems to have broken out of it's downtrend and has completed an a-b-c correction. It can be longed with a stop below the 0.618 fib with a target of an all time high.
Nifty has completed a 3 wave correction down and is near the previous higher degree wave 4 low. So this should continue up for it's final move above the current ATH.
Long near 244-243 with a stop below 241 offers good RR for a bounce in this counter.
Bullish on holding 8700 support, bears will get active below 8660 for a move towards 8600. sustaining 8722 then momentum on upside for 8800/882
We are about to reach strong support zone in Ashokley and bat pattern is about to complete in the zone, I'm expecting the market to move up after bat pattern completion. Actually today GST bill is about to get passed, for Nifty - Gap down possible, for ashokley gap up bcos lesser tax for auto sector. Its just an info, so keep a note of it and have this pattern in...
one can start adding long with sl support are 8750-8700-8540 must close above 8770 for upmove
trend line support Nifty continue to hold gann trendline
Today, the price action breaks above the downward trend line, indicating bullishness. It is signaling that bulls are back in control of the price action. Good time to enter: Target: 95 Stoploss: 82
Today, the price action breaks out from the flat consolidation with high volume indication buyers comeback and a beginning of new bullish wave. Target: 60 Stoploss: 48.50 Duration: 3-5 days