ICICI is forming Inv HnS with favourable volume profiles, favouring the long side breakout, as already given in a previous analysis (used harmonics last time)
HMVL looks like formed a butterfly harmonic pattern. can test 280 SL below 256.
Technical Aspects : YesBank - Bearish Bat AxisBank - Channel Breakout ( will fail & range again, just My opinion ) SBI - Bearish Cypher So as of now our technical aspects point downside... Fundamental : Not literally fundamental view, based on macro news, YesBank - Lesser NPA than Axis & better next to HDFC AxisBank - High NPA among privates SBI - Banks...
Nope, definitely we are not crying for those missed opportunities. This can be classic lesson for all of Us, we knew Nifty will reach 9900's zone earlier itself but what happened from Monday ? We never got valid setup for Entry though we are absolutely right on direction. Monday - Technical Glitch & 100 points Up Tuesday - Bit of range then closed near pullback...
It looks like resistance is decreasing for Havells. It is bounded by a tapering triangle.
Another chapter in TataSteel Love Story :) Let's keep aside Tatasteel for a moment. Consider this as some very random chart of unknown scrip X, we have perfect ABCD pattern finish & even if you do with Fibs there will be very good fib formations around our expected reversal zone, RSI being oversold another reason in kitty. Usually to take a trade we look at...
M&M after completing a Ending diagonal in the downward impulse made the thrust up. Expected Wave could could be A completion. Entry: two part entry at 1283 and 1277 SL conservative: 1260 SL aggressive: 1271 Target: 1323 and if like part booking 1310 is a option Expected hold period minimum: 5days. Entry 1280 Average entry 1283 & 1277 SL ...
It is been observed that some of the charts are forming a symmetrical triangle on the daily chart which can provide good returns in coming days. On verge of Breakout: 1. Hindpetro 2. South Indian Bank Successful Breakout: 1. Hexaware 2. SRF Regards