Howdy Traders, we already know that Triangle occurs in Corrective waves and Diagonal occurs in Impulsive waves. Their are three type of Triangle 1)Expanding Triangle 2)contraction Triangle 3)barrier Triangle Their are 2 types of Diagonal 1) Leading Diagonal 2) Ending diagonal --------------------------------------------------------------------- This is the...
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. August Series Option can be traded. Wait for entry setup, if available then Long/short. Reward is 5-6 Times
Bank nifty forming an ending diagonal of wave C for a steep fall soon. Long bank nifty for target 27900/28000 Only and only if touches 27369.
Jubilant Foodworks- looks like an ending diagonal or rising wedge with volume and momentum divergence.Short with Stoploss at 1437.5 spot price.
As seen before, the price action is now breaking out big from a consolidated diagonal triangle. It shall now further move down to 350 levels.
The price action is been trading in a leading diagonal pattern which is now indicating weakness as higher prices rejected by sellers and sellers are now in dominance. I would suggest to short this one on every rise. Target 1: 850 Target 2: 825 Stoploss: 940 Trade with care, thanks for your support.
The price action on hourly charts indicates that there is high selling pressure that has broken out from preceding diagonal pattern. It simply indicates weakness and dominance of sellers. Target 1: 1668 (i.e. Fibs retracement levels of 0.382) Stoploss: 1840
The price action breaks out from a trending channel , indicating weakness and bearishness. It shall now reach to Fibs levels targets at 321, 313. Stoploss 336