NIFTY - SHARK PATTERN BUY NEAR 11548.5 SL 11528 T1 11580
Intraday possible to move today 11408-11424 if support taken by 11329. support 11329 11408 is possible Most of traders are thinking till for long with stop loss o 11300 and for targets 11422 breaking below 11300, i expected to start selling heavy.
Due to illness, i was unable to come online because I was in hospital for the whole day. Today, Nifty made strong bullish candle but, its having final and strong trend line resistance. Trendline Resistance 12000-50 H & S pattern, Generally Head & Shoulder pattern has 2% penetration normally. LEFT Shoulder is at 11176 and, HEAD at 11760 Calculated 223...
BankNifty is now facing tremendous Resistance start at 28200 to 28350. Expected opening between 28055 to 28100. If its open more than 120 points, we will see selling pressure in opening. Dont get confused, Selling is good if higher GAP up.
Risk: Reward is 5.9. SL 330 Target 375
GARTLEY AND ABCD PATTERN SELL NEAR 10899/10900 SL 10922 T1 10865
BAT PATTERN SELL NEAR 27135 SL 27195 T1 27045 | T2 26920
I should never try drawing again for sure. :D Anyway, lets get down to this weekend's educational article. - ALL ABOUT INDIAN MARKETS INDICES. Something i feel every market participant, new or experienced, must know about. READ: tradersworld.co.in
SENSEX looks primed for a bounce at green demand orderblock. Analysis - Price about to enter demand zone which has already been tested twice and bounced. Ichimoku edge to edge target is about to be fulfilled. Bullish divergence on weekly with several momentum oscillators, will post RSI divergence down in the updates. Oscillators are about to be...
Seems like banknifty would pullback or consolidate for a big breakout.
I think this what is there to come in future.
7700 - 8850 is the range in which we are locked.. we can play with strict sl in this RANGE(see earlier 2 posts) ..bcoz if that is broken we may touch T1/T2
Short term top seems to be in the offing. Whats in store in Yellens speech on Friday?