Reliance may breakdown furtherHead and shoulders patterns observed in Reliance Industries with a slanted neckline. The neckline got broken and can be tested at 2100 level. If it fails to rise above 2100 and sustain, we could see a short opportunity with targets mentioned in the chart.
The logic has been explained in the chart. Being a Nifty heavyweight, it could drag nifty further down below 15700 levels. As markets are waiting for IT heavyweights results, Nifty seems neutral to bullish. Anyways this could be a short trap. So, please maintain a strict SL of 15 points.
Butterfly
Bullish butterfly and bat on ESCORT Escort PRZ 1140-1160 cmp 1198 keep adding till 1140 -60 target are mentioned on chart...............view negated below 1100 daily close
Thanks
Jigar Pateel
8898030401
LIC for short term + intra analysisfor intra players
trading levels mentioned in the chart.
for short term players
buy and hold
trgt 466-500-550-600 +
don't miss opportunities guys....
lic in a adding level.
postive newses hitted but movemnts not done.....
expecting 500++ within 1-3 months
study then add
Nifty 50 Short term Harmonic Pattern -may be a ReversalNifty index has shown a short term harmonic reversal pattern- Butterfly Pattern.
The Price Reversal Zone supposed to be the extension of 1.27 Fibonacci level XA leg.
BC projection is at least 1.618 Fibonacci level.
This zone is giving us the most compact PRZ.
PRZ range: 14325 - 14308
After Reversal Minimum target 14667