indusind bank forming an inverse head and shoulder pattern in hourly time frame
Bank Nifty is looking clearly bullish for upcoming sessions. You can see its formation of Inverted Head and Shoulder Pattern. Also has broken the neckline
After a nice consolidation, Apollo Hospital has broken upside and ready to fire up... Also one can see a HS pattern in it.. which is broken upside With 1450 as a CB sl... We can expect it to move upwards... Chart is for study purpose only!!
watch for neckline breakout buy setup above 525 for safe players above 527
Reliance continuous run-up with extended(3.618) 3rd wave to end near 1997. Volumes are dropping suggesting it may not extend beyond 2000 levels. 4th Wave should start from there which could end between 1625-1570 zones. It has also formed inverse head and shoulders pattern which post breakout target 2333. All details marked in chart. Stock may not follow exact...
SBIN : close above 197 will lead to 245 levels stop loss 178 target 245
Reasons for going Long: 1) Healthy Uptrend 2) Now at Swing low with a Bullish engulfing candle in 45 Minutes time frame. 3) Setup - About to Breakout with Falling wedge and Inverse Head and Shoulders patterns. Note: Breakout with good volume (above average) can get to the first target. Watch Bank NIFTY closely for the trend check.
LONG NSE:AUBANK above 570. Stock has given a good inverted head and shoulder pattern.
A very powerful pattern in State bank of India emerging. If it breaks out it will probably make all psu banks rocket too. long above 200 with volume for a target of 250. Keep an aye for this. look for other psu banks too.
DLF has formed inside candle on the daily chart and if tomorrow it's opening weak then it can give downside breakout. Do check for price action before taking the trade. Please Note - All the green lines mean the support zone/demand zone and all the red lines mean the resistance zone/supply zone.
It is breaking head and shoulder and wave ABCDE patter. Target can be 362 for wave pattern And for 340 for break of head and shoulder pattern.
Pls check the chart .. Tomorrow indian market may take a plunge due to DOW fall Happy trading
Gold Long above @47365 Target 48000,48150 Ivnverted Head and sholders pattern at Neck Line 47300
Strong move from BALAMINES yesterday, breakout with huge volume spike. Expecting strong move from hereon. RSI seems promising around buying range. Golden moving average crossover. Possible 1st target will be around 585-600.