Triangle
Nifty - Triangle Pattern at 15min ChartNifty is making a Triangle Pattern at 15min chart. As per Price Action there is Probability of touching 22300 on 16may. As per OI data 22200 is a good Support level and 22500 is a Resistance. Inflation news may push it towards 22500.
For learning and education purpose only.
TATA MOTORS - Making Triangle PatterTata Motors is making a Triangle Pattern at Daily Chart, made a Hammer Candle on 19april.
Following the 9EMA rule, probability of going up and touching 1035 in a few days.
Now 944 has became a Support from Resistance in feb 2024.
For my learning and digital records purpose only.
Mighty Nifty - May 13Price did not have trending movement on Friday. And still price is weak. So what will be the next move? We have two patterns.
Pattern : Triangle, channel.
Range : Medium.
Trend strength : Normal.
Buy Above : 22080.
Stop Loss : 22040.
Targets : 22120, 22160, 22200 and 22240.
Sell below : 21980.
Stop Loss : 22020.
Targets : 21940, 21920 and 21880.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Finnifty - May 7We had a very narrow range movement today. And we can see the price is at support now. Price has formed a descending triangle pattern also.
Buy above 21840 with the stop loss of 21790 for the targets 21880, 21940, 22000 and 22060.
Sell below 21750 with the stop loss of 21790 for the targets 21710, 21660, 21620 and 21580.
Check the live market updates.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.