Nifty 79** or 83** let fed decide everythingIt is been observed that nifty -0.48% is in the final leg of Descending triangle on 15 Min chart. 15th Dec 0.89% opening will be the crucial level for Nifty -0.48% .
If open below 8170 will take it to immediate support 8150 levels which is a crucial support at present scenario. In case nifty -0.48% could not sustain at 8150 will take it to further down of 7910 level. Meanwhile open Above the triangle will take nifty -0.48% towards 8320 levels.
Oh meanwhile dont forget to look into the below one also.
Descending Triangle
Descending Triangle on IBULHSGFIN - SHORTTrade:
Short below - 711
Target 1 - 705
Target 2 - 698
Stoploss - 720
Nifty Breaks out Descending Triangle It is been observed on the hourly chart that the price action firstly consolidated in a descending triangle and Yesterday it breaks out and closes below the triangle indicated further bearishness in the price action ahead. Now, it shall move to 8000 support levels.
Target: 8000
Stoploss: 8150
Risk Reward: 1:1
BPCL - STRONG AND POSITIVE (Descending Triangle Breakout)It is been observed that the price action breaks out from a descending triangle on hourly chart, indicated further bullishness ahead. It is also important to note that the price action has broken and closed above the previous resistance levels of 684 which further confirms a further positive and strong move ahead irrespective of markets volatility.
Target: 705
Stoploss: 665
Risk Reward: 1:1
Sunpharma - Breakout Descending Triangle (Big Buy) It is been observed that the price action breaks out from a descending triangle on hourly chart, indicating further bullishness and positiveness ahead. It is been consolidating for a while and this break out shall boost the movement towards the next resistance level at around 780 levels. Consider it a good buying opportunity.
Target: 782
Stoploss:745
KARUR VYSYA BANK - Descending Triangle Breakout It is been observed that price action makes a strong support levels at 460 levels where it jumped back price action and formed a descending triangle. Now, it has confirmed a breakout from the triangle indicating further bullishness. It shall move forward to 500 levels as per the measuement of triangle rules.
Target: 500
Stoploss: 475
LT - Descending Triangle Breakout ConfirmedIt is been observed that the price action formed a descending triangle on daily chart and today's price action confirmed the breakout to upside as it reached above the highs of the previous day. It shall now move further up 1500, 1520, 1540 levels.
Target: 1540
Stoploss: 1450
Nifty Breaking Decending Triangle (8200 levels Next)It is been observed that the price action forming a descending triangle on daily chart, and now it finally breaks out . from a strong support levels of 8550, indicating a strong weakness and bearishness ahead. Now it shall go further down and shall reach to 8200 levels.
Target: 8160
Stoploss: 8690
Risk Reward: 1:3
JETAIRWAYS - BREAKOUT DESCENDING TRIANGLE (SELL)It is been observed that the price action broke out of the Descending Triangle on daily chart after a short consolidation highlighted in blue. That breakout made a Lower Lows at 453 levels from previous Lows made at 477, therefore it indicated bearishness. Now, the price action has made a New Lower Low at 448 levels, signaling higher weakness and prices fall ahead.
Target: 400
Stoploss: 505
Risk Reward: 1:1
Nifty : Lieutenant's, Airspace & Runway Clear - Lets TakeOff !Howdy Everyone, I'm biased today !!!
From the title itself you will be knowing that Nifty is on Bullish mode, yes true. Yesterday we had Descending triangle pattern & I mentioned that upmove is not gonna happen yesterday. But its time Now, as we have clear Airspace & Runway, Let's signal the Nifty to take off. I'm expecting around 70-100points gap up, big one but its fine even if its 50pts Gap up. probably Nifty will open above triangle trendline {aggressive entry}, if opens with triangle & breaksout we lucky. But whatever tradesetup it forms go in with proper stops. I don't see any setups for Shorting, so no shorts for Me, though there is potential Harmonic pattern, but for that to complete Nifty needs to move up, lets see that later. Let the bears take rest,Bull Stampede Begins or will they prove Me wrong ? Lets see... As promised, posted earlier !
For the Day : Lieutenant's, Airspace & Runway Clear - Lets TakeOff !
IFCI (Industrial Finance Corp. of India) Investment Call !!Industrial Finance Corp. of India (IFCI) on monthly chart forming a descending triangle. Once it breaks out above 30, it shall be considered as great long-term investment opportunity. Publishing it now to provide you an opportunity in advance, hope you gain something out of it. Regards.