MAHINDRA AND MAHINDRA LONGMOVING BETWEEN CHANNEL LINE NOW IT IS ON LOWER LINE AND SHOWING BULLISH DIVERGENCE SHOULD GO UP FROM HERE STOP LOSS IS 567
Harmonic Patterns
ITC LONG IDEAFINALLY TODAY NECKLINE BROKEN ON CLOSING BASIS NOW 50 % FIBONACCI LEVEL IS MAJOR HURDLE LETS SEE WHAT HAPPENS
BHARAT FORGE ANALYSIS QUINTUPLE BOTTOM AT 376 LEVELSIT IS CURRENTLY SHOWING BEARISH DIVERGENCE WITH STOCHASTICS IT MAY COME DOWN FIRST TARGET IS 396 AND FINAL TARGET IS GUESS WHERE 376 WHICH IS NOT DOUBLE TRIPLE QUADRUPLE BOTTOM IT IS ACTUALLY quintuple BOTTOM AS YOU CAN SEE ON A WEEKLY CHART 5 TIMES BOTTOM HAS BEEN MADE AT THIS LEVEL MARKED BY ARROWS WE CAN GO LONG ON THIS LEVEL FOR SURE GOOD LUCK
NOTE: NO ADVICE TRADE AT YOUR OWN RISK
NIFTY STRATEGYLONG NIFTY WITH STOP LOSS SHOWN IN THE CHART.
IF STOP LOSS IS HIT REVERSE YOUR TREND FOR TARGET OF 11790.
USDINR LONG IDEAIT IS CLOSED ABOVE TRENDLINE ON CLOSING BASIS AND ONCE TOOK SUPPORT ON IT TARGET IS GIVEN FOR LONG STOP LOSS IS 71.049
SUNPHARMA BROADENING TOP/BOTTOM PATTERNIT IS FORMING THIS PATTERN IT WILL BREAKOUT OR BREAKDOWN WE WILL HAVE TO WAIT AND PLAN ACCORDINGLY EMA 50 MAY WORK AS SUPPORT IF IT IS BROKEN IT MAY GO DOWNSIDE UNTIL THEN IT MAY KEEP CONSOLIDATING BETWEEN TWO TRENDLINES GOOD LUCK
Nifty OutlookNIFTY Outlook
Strong Resistance Zone: 12020-12040
Minor Support Zone: 11800-11830
Strong Support Zone: 11680 to 11720
NF may test its minor support zone @ 11800. On a daily closing basis, 10800 is an important level.
If it will not able to sustain above 11850 to 11800 zone then it may test its major support zone: 11680 to 11720.
Still, Trend is Bullish on Higher Time Frame.
For the Fresh Long Position, Wait for the confirmation whether NF will take support @ Zone: 11800-11830 or Zone: 11680 to 11720.
For the Fresh Shot Position, if it will sustain below 11850 it may test 11800 - 11680-11750-11700
Tgram at jtradingview
ASHOK LEYLAND ANALYSISIT IS TAKING RESISTANCE ON FIBONACCI`S 50 % LEVEL PLUS BULLISH DIVERGENCE SEEN WITH STOCHASTICS AND IT IS CONSOLIDATING UNDER TRENDLINES IF UPPER LINE IS BROKEN IN 15 MINUTE CANDLE TARGET FOR LONG IS 81 IF BREAKS LOWER TRENDLINE GO SHORT AND REST DEPENDS ON RESULT DUE TOMORROW GOOD LUCK
PUNJAB NATIONAL BANK PNB ANALYSISIT IS RESPECTING AND TAKING SUPPORT ON TRENDLINE AND BULLISH DIVERGENCE IS SEEN WITH STOCHASTICS WATCH OUT FOR A DOJI CANDLE AND GO LONG TARGET IS GIVEN STOPLOSS IS LOWER TREND LINE MUST NOT BE BROKEN ON CLOSING BASIS
RBLBANK ANALYSISOK SO I HAVE FAILED 2 TIMES TO ANALYSE THIS STOCK THIS IS 3RD TIME :) IT IS RESPECTING FLAG PATTERN KIND OF I WOULD SAY FOR SHORT SIDE IT MUST CLOSE BELOW 296.20 AS WE KNOW FOR A FRESH DOWNTREND WE NEED TWO LOWER HIGHS AND TWO LOWER LOWS NOW ALL THESE 4 ARE COMPLETED BUT FIFTH POINT AS I SAID 296.20 SHOULD BE MADE WHICH CONFIRMS DOWNTREND THEN TARGETS ARE GIVEN FOR SHORTS AND GO LONG IF CLOSES ABOVE UPPER TRENDLINE TARGET IS GIVEN MOST IMPORTANT THERE IS GAP AT 282.50 WHICH ACTS AS VERY BIG SUPPORT SUPPORT MANY TIMES THERE GOOD LUCK
NOTE: FOR EDUCATION ONLY
Jubilant FoodworksIt has entered into a PRZ of a bearish harmonic pattern AB=CD which is also inline with an Ichimoku time and price resistance. A retrace till 1450 from here. View negates above 1625
NiftyNifty has entered into a Bearish Bat Harmonic Pattern PRZ today. However, the structure suggest that it will complete a Bullish 5-0 Harmonic Pattern. Any dip till 11550-11450 could see strong support which could then take this to 12000-12050 to complete this BAMM pattern
Godrej ConsumerIt has made a bearish harmonic Alt Shark and an Evening Star Doji. A pullback till 675-650 is probable. A weekly close below 715 would be ideal. View negates above 735
NiftyIn hourly time frame has made a Bullish AB=CD in a slanting channel structure. If 11480 holds then a bounce back to 11600 is probable from here 11515
Igl short Price of igl is wandering in 375-381 zone for a few time ,
According to probable set up ,if we bet on shark pattern leg d completion, then trade would be profitable as due to high risk reward ,
INFY STOCK PLUNGES 16% IN PREMARKET IN USA ON WHISTLE BLOWING COMPLAINT ALLEGING UNETHICAL PRACTICES.
ANOTHER BLOW TO INDIAN STOCK MARKET
INFY LIKELY TO PULL DOWN NIFTY.
HOW EVER IF I FEEL IT WILL GIVE OPPORTUNITY TO BUY INDEX AGAIN.
MOST IMPORTANT HOW MARKET REACTS TO THE RESULT OF HDFC BANK AND RELIANCE.
MOST IMPORTANT MIDCAP PARTICIPATION IN THE MARKET MOVEMENT.
ABCD PATTERN IN TATA STEEL IN WEEKLY BASISTATASTEEL SEEMS TO BE REVERSING.STOP LOSS SHOULD BE BELOW D
AND TARGET PRICE MAY BE 395425 OR HIGHER
BIOCONIt is forming a Bullish Harmonic Dragon which suggests levels of 260/285, double confirmation above 238. View would negate below 215. As per Ichimoku analysis also 438 is the hurdle for the up move.
NiftyAs expected now trading at the upper end of the range. In hourly time frame it has entered into a Bearish Harmonic Pattern Shark prz. As per Ichimoku also its currently at both hourly and weekly resistance. A retest of yesterday's low near 11200 is probable. View would negate if it sustains above 11425.
NiftyNifty is still trying to establish a Higher Low post Sept 20 vertical move. Expecting the range now to get squeezed between 11400 on the upside to 11100 max 10900 on the downside. Smallish bounce possible if the Bullish Harmonic AB=CD sustains near 11100. Out of the woods only above 11400
Just DialIt has made a Bullish Harmonic Gartley today in daily time frame. As per Ichimoku it is trading at weekly support. The decline could halt here and it could see some bounce back till 650-675. View negates below 584
