Lowerlow
USOil Lower High & Lower Low pattern formedMarket Analysis : USOil forms Lower High & Lower Low pattern in 15 mins time frame.
SBIN Long #higher high lower low#with support of 177 on positional basis we can watch long above 190 for 195/200/210/230 good risk reward on positional basis....
Nifty - Opening Long in Counter Trend. Nifty Long at 9100 | Stop-loss 9000 | Target 9600
Risk Reward 1:5
Nifty moving up slowly and on the daily chart, it's making series higher highs and lower lows.
The Primary and Intermediate trend is still down.
Trading this counter-trend rally with very tight stop-loss.
IBULHSG Weekly ChartCurrently in a downtrend. Looking to form a base. It is better to be patient and wait until the trend reverses.
NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
