Infosys forming a symmetrical triangle breakout on hourly chart. It shall breakout from it tomorrow. Keep a good eye on it to gain out of this opportunity.
It is correcting Wave 4 of Wave C in a consolidated triangle pattern, which is a continuation pattern. The break shall take the prices down to complete Wave 5. Kindly find the below attached chart to look for targets.
It is been observed in the price action of petronet that after a steady rally, it consolidates in symmetrical triangle formation where there is buyers and sellers indecision with price actions. On the previous symmetrical the buyers took control and we got an upside breakout with high volume and it rallied well to 340 levels.
Now, the price action has come again...
Hi Friends,
I hope you guys have noticed the previous post about using Patterns insync with Wave theory. When I posted it on Sunday, the triangle had spill outs and looked bad, now take a look at above chart after 4 days , I just marked out the triangle its almost perfect formation here in Nifty. Let the Nifty consolidate as long as it wants to, patience is your...
Happy Monday Friends !
Probably,few have Monday blues but we are the ones who wait for Monday...This particular post is kind-of educative analysis to determine overall view of the markets purely based on prediction from my experience.
Let's check our surfboards right away & get it ready to surf along Nifty waves...
Next resistance level for Nifty around 8800's...
The price action broke out from the consolidation symmetrical triangle and as per its measurement target is expeccted to reach at 145 levels.
Target: 145.40
Stoploss: 135.40
After a big breakout from 300 levels, it is been consolidating for a while and now it seems like a symmetrical triangle and it is high likely to breakout downside as it may retest 300 levels to confirm a new support. Looking forward for tomorrow's price action.
Target (If go down): 300 SL 312
Target (if go up): 318 SL 308
Pattern within a pattern - yes it is ! So Biocon will be very good trade opportunity on Monday for both intraday and positional traders. Probably, positional traders have to wait for sometime as there is bit of distance between trendline and current price of Biocon. Its breakout patterns everywhere around the market, so choose and trade wisely.Lets expect next...
