Pranayminsu
BPCL _beautiful chartin last chart i have written it as HEAD AND SHOULDER
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But here it has formed a running triangle of 3-3-3-3-3
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And it has taken support in 1 hrs time frame from 200 MA
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so buying now with target as shown in chart
take pink lines as tgt 1 , tgt 2, tgt3 respectively
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NIFTY - ZONE OVER ZONEnow nifty has made round shaped pattern with ending diagonal at supply zone and also there is zone over zone. which gives a good confirmation for sell.
from now we will be bullish if it crosses 15450 and below 15450 -- bearish
so a good fall fall is expected in market after completion of ending diagonal.
PCR is 1.24
Indian VIX is @ 19.08
BANK NIFTY VS NIFTY (see description)as i posted nifty50's chart and told that it is making ending diagonal..... but here is thing ,
In bank nifty it has clearly broken out of head and shoulder...
now the important lvl is 35000 which is 61.8% of that fall and also there is a zone
PCR of bank nifty is 1.09
so I don't see a fall in bank nifty ..... if nifty supports bank nifty then nifty may also move upward
but yess let nifty to cross 15450 for safety
thanks....