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Bank Nifty - Flag Breakdown ? BnF looks like it just broke the support of the small channel that was made between 27120 and 27180. See the first two candles and decide whether to go long or short. The Risk-Reward in short is much better than long side. So, i go for Short. If it breaks 27090, on the 10 min candle, gap filling followed by fresh shorts (In the volatile market that we have, with high VIX) would take it down to our target! A good profit is on the cards, don't miss it. . . . . . . Kindly consult your consultant before taking any positons.
NSE:BANKNIFTYShort
by SchoolofMarkets
BEML - Harmonics - Bullish Bat with a fractured wingBEML has just bounced off the base line support of the Bullish bat that is shown on the pic, on the monthly charts with targets of 2000 in the next few candles. The right wing is fractured though, that's why it is off on the calculations for the validity of the pattern. this is not taken into account, considering the selling mentality associated with the bear markets of 2018. . . . . . . . . . . Kindly consult your financial advisor before taking any trades.
NSE:BEMLLong
by SchoolofMarkets
Reliance (RIL) - A long term view - Chart PatternIntro : The bump and run is a pattern that is of explosive power in developing markets aiming at maturity. Reliance has just bumped onto and looks to start its run. For those unfamiliar with this lesser known pattern, this looks like a inverted cup, preferrably on an ascending trendline support angled between 30-40 deg. This has been observed in cases of several multibaggers, be it MRF, Avanti feeds,etc.. The power of compression and the extended bull run at a steady 45 degree trendline support makes this a wonderful catch. Reliance looks to complete the short term Double bottom that it is doing, finding its resistance at the outline of the bump and then, retest the support line in the month of May 2019 ( The intersection of the lines - Text box says the same) We have a wonderful rally ahead of us, for the next 3 years, propelling RIL to new heights. . . . . . . . . . . . . . . . . . . . Consult your advisor before taking any position
NSE:RELIANCE
by SchoolofMarkets
The next move by Nifty #nseI expect it to test the cloud support at Kijun span A and if it fails to hold then Senkou span B once the support is tested and held then I expect nifty to test the targets marked with green. REMEMBER IF YOU ARE PRACTICING SAFE TRADING THEN ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! You can DM me if you need any clarification. DISCLAIMER: The Legal stuff - I'm not financial adviser and all the charts posted are for paper trading . PS make sure you give me a like, that way you get updates as I post them.... :) <3
NSE:NIFTYLong
by Tradingshiksha