M&M held the Fibonacci Ratio Support zone-- 604.35-593.30. It also trading in rectangular pattern for last 22 days & trading at lower trend line. It may show some bullish movement. If support breaks then consider my setup bust. Levels mentioned on chart. Given targets seems achievable. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade...
The correction for the impulsive move from 11184 to 11493 has commenced ... However the same is not complete yet ... Expecting the same to continue on 14 Sep and hence my view for near term would be bearish ... Friday Nifty took support from 11430 level .... Expecting the same to be broken on Monday ... I would be cautious in taking long positions till a clearer...
SBILIFE trading sideways for last 28 days and shaped up in Falling Wedge Pattern. Volume remains decreasing during sideways price movement . Levels mentioned on chart. Plan your trade accordingly. Given targets seems achievable. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’. "Trade what you see, Not what You Think" Happy Trading(:)
nifty is preparing for a decent correction after a bull run. stay alert and stay tuned.
analysis mentioned on the chart.
analysis mentioned on the chart.
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The entire rally from 10880 to 11794 was an impulse ... Since then Nifty touched the low of 11188 ... As marked on the chart, the entire correction appears to be an impulse of the same degree as the preceding motive wave and in the opposite direction .. An impulse followed by an impulse in opposite direction is bearish signal ... So I'm expecting a correction to...
After an impulsive move the pair went through a complex correction. The present rally looks like an impuslive suggests that AUDJPY is in the phase of unfolding its 3rd wave. Remember the 3rd wave is the strongest one.
BANDHAN BANK held the Fibonacci Ratio Support zone-- 294-290. Bullish view may remain intact as bullish candle stick pattern seen near the support i.e Doji followed by Higher Close. If support breaks then consider my setup bust. Levels mentioned on chart. Given targets seems achievable. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE...
RELIANCE trading sideways for last 32 days and shaped up in Right Angled Ascending Triangle Pattern. Waiting for breakout and confirmation of pattern. Volume remains decreasing during sideways price movement . Levels mentioned on chart. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’. "Trade what you see, Not what You Think" Happy Trading(:)
ASIAN PAINTS shaped up in beautiful Inverted Head & Shoulder pattern and Symmetrical Triangle. Waiting for confirmation of pattern and upside breakout. Levels mentioned on chart & Given targets seems achievable. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk. "Trade what you see, Not what You Think" Happy Trading(:)
Om Namah Shivay Brothers, Nifty could be making a leading diagonal. Check the chart. Little early to confirm the same. And that will confirm the pattern and target. The target is based on the (2)/B obviously. The future possible moves are on chart. This is just education purpose only. There are no trading suggestion from this. Om Namah Shivay
I published my view of going short on 01 Sep 20. Return generated +7.41% in 7 days . 01 Sep 20 view Future position(as per spot) Sell below– 23847 Easy Target – 23193 (Hit- 04/09-0915hrs) Extended Target 1 – 22760 (Hit- 07/09-1430hrs) Extended Target 2– 22061 (Low of 22080- 09/09- 1415hrs) Trade closed Be Proactive Trader Better...