NSE: NIFTY 50
1 month chart pattern data analysis.
Nifty is consolidating between 10981 to 10552 during last 1 month
Trend flat with very slight negative bias and opportunity to play buy and sell
Its seems forming symmetric traingle, 10762 looks to be a good support level
Possible long above 10762 with stop loss 10711 and target 10812, 10851, 10889. break above...
Reliance looking good to buy above 1101 for 1109, 1116 and 1124
Good Support seen around 1075 1080 levels
Follow the Fib levels for more details
If its sustain above 1135 then 1148 and 1172 also possible around results this month
BTCUSD Downside prevails
Pullback from 3283 to high of 4384 doesn't look sustaining.
fall from 4384 to 3655 holding a bit but might not hold long
Possible short below 3655 level with stop loss 3934 and target 3459, 3209 in sight.
Overall trend is down, best way to trade is look for shorting opportunities on pullbacks.
BAJAJ AUTO - Trading in a Broadening Wedge
Stock can be seen holding long term trendline ( since 2011) support.
Price Action: November candle is a bullish candle , which did not make lower low and December candle made higher low and higher high.
Harmonic Pattern: bullish Cypher -prz 2450-2250
HDFC has closed above the Fib level and looking positive with the support coming from RSI
Above 1965 it would go for 1990 ans 2010
with support at 1960
Dragonfly Doji Observed At Support/Breakout Retest.
Fibonacci Support.
Price Moved Above 21 EMA.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
It seems an impulse is completed from 10535 to 10923 which could be wave (A or 1) and wave 10923-10629 can be (B or 2) and now 100% and 123% projection of (C or 3) is coming at 11017 and 11109 respectively.
HDFC bank may fall further to 2070 levels, It has just finished a second Impulsive (B) wave according to the Fibonacci and Elliot wave analysis, Thus Dragging down bank Nifty too with it.
Possible Move for Nifty Tomorow 04/01/2018.
In the 30 Minute chart Nifty is still making a beeline towards completing the correction of WAVE (C) at 10612 or 10537. It may then start an impulse wave towards Wave (D) at 10667.70. It may test resistance and head downwards completing the Wave (E) cycle at 10550. This may last up to two trade days perhaps?
This is...
![BTCUSD: Bitcoin [short] anticipating a drop to at-least 3659](https://s3.tradingview.com/g/giPwrR42_mid.png "Bitcoin [short] anticipating a drop to at-least 3659")
