H-pattern
ITC forming shooting starITC forming shooting star with small body & upper shadow twice as long as body.
Watch out for tomorrow's candle! A red candle might be a signal for the down trend.
Nifty : Upmove is near completion. Downtrend to 10800 or further
Since March 24, 2020 Nifty had begun its D wave of a NEUTRAL TRIANGLE (a special type of NeoWave pattern). This D wave has formed a Bow-Tie Diametric pattern.
All calculations are marked in the chart.
As G wave of a diametric pattern tends to equal A wave, the possible culmination of this wave is very near at 13100 levels and E wave of the NEUTRAL TRIANGLE pattern will soon commence.
Second possibility of D wave completion is a Trendline resistance of 12800-12900 levels. In this case we may a fall in Nifty from 12 Nov 2020.
As E wave of this NEUTRAL TRIANGLE will traverse below 10800 before Jan 2021 .
Investors can invest to build a good equity portfolio during this fall.
Wish you all a very Happy Diwali and Happy Investing.
HDFCLIFE | Excellent risk reward & Rejection downsideHDFCLIFE | Excellent risk reward & Rejection downside + RSI divergence
CMP : 570
Target : 640
Stop loss : 540
1:7 risk reward setup :D
MOTHERSUMI | W Pattern + Trendline Support | Can see 10%MOTHERSUMI | W Pattern + Trendline Support | Can see 10%
CMP : 108
Target : 120
SL : 103
1:2.5 risk reward setup
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NAVINFLUOR | Seeing a W pattern - Lets see if we can capture 12%NAVINFLUOR | Seeing a W pattern - Lets see if we can capture 12%
CMP : 2015
SL : 1950
Target : 2230
Simple 1:3 risk reward
Interesting Horn like patternidk, what it signifies, maybe a breakout, can anyone through some light on this, I'm assuming a bearish breakout, anyone !!! ?
