On Monday it looks like Nifty will see 19550 level and post that will start upward journey !!
Overall nifty is poised for a good run upwards !!
Waiting to take out 19750-85 levels and 19850-880 level for strong rally to start.
After a strong downfall banknifty is forming island reversal pattern,
35630 is a crucial level where the real strength of banknifty will be tested.
Both, RSI and MACD is supporting the up move.
Long banknifty above 35640 for target of 35780 and 37150 with sl at 35550.
First of all,
This is my first Island analysis.So I know there are so many mistakes.Anyone who knows about it can comment below.Anyway, I am trying to do better.
And, u guys can see it's not completed yet(Island).So we want to wait.
#copied 👇👇
In order to confirm the Island candle pattern, you should discover three symptoms on the chart:
1.The stock gaps in...
Trading Strategy
Selling Below 8950 / 8980 - Downside Targets - 8800 / Below 8800 - The Final Target - 8700 which completes the video selling target of 1000 Points right from the top @ 9600
Last Video Idea
Selling The Channel Tops at 9850
NIFTY STILL IN BEAR PHASE
0.5% RETRACEMENT DONE ALREADY (NOT ABLE TO SUSTAIN ABOVE 0.5%)
ISLAND REVERSAL PATTERN CREATED ON (29APR,30APR & 4MAY)
IF NIFTY BREAK AND SUSTAIN BELOW 9K 8800/8500/8000/6900
FIRST IDEA WHICH WAS PUBLISHED IN 15MAY REMOVED BY SOME TECH ISSUES. HERE IS A SECOND SAME ONE/
**EDUCATIONAL PURPOSE ONLY
May 18
Comment: Almost Done 1st tgt...
Tata Motors
Observations
- Last year on 31-May-2016 the stock opened with a significant gap up & closed at 459 up 38 points from its previous day close of 421
- This year On 8-Aug-2017, the stock opened significantly lower and closed at 380 down 36 points from its previous day close of 416
- the gaps have occurred from similar levels 421 and 416 respectively...
