Nifty and Bank nifty is near by previous demand zone.. it will retest that zone and come down to next monthly support ( red colour line)...
But in 4 hrs chart, it both charts are in consolidation zone... once it complete it will come down...
Let’s see in next week
As per my Analysis.. Bank Nifty is will come till 26500...
Everything clearly mentioned in the chart.. May be happen within this month end of August.
Lets see if my analysis is correct.
This analysis is purely based only supports and resistance...
There are support lines are drawn S1, S2 , S3 in monthly time frame.....
As per the drawing and my view, Nifty will move down further as per drawings.. also note once nifty break down @ level of 10730 there is high chance for huge fall or gap down expected till level of 10380...
May be this targets...
Following points to be noted... if nifty break out happened @ 10750
1) Fib golden ratio is .382, .5 and .618..
2) Nifty character for every retracement level is .5 in default...
3) currently nifty closed perfectly in trend line and fiblevel of .236
4) next level is .382 @ 10100
5) further next level is fib level .5 @ 9470.. also trend line is also crossing...
Nifty formed ABC pattern, D pattern is being expected to form.. so another next 2 - 3 days....
Let’s see in coming days....
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As per Fibonacci analysis Sun Pharma will down till .5 and .618 Levels.
Let's see in coming days.
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Note: this analysis not for intraday..
As per my analysis nifty perfectly hit the support, which was act as an resistance previously..
if it breaks in 1 or 2 days it will go to the next target level and form double bottom @ 11111.......
Not big difference only 308 points more ... In current situation nifty will easily hit this target... currently closed @...
As per the Analysis, Asian Pains made double top and hit dynamic resistance of trend line.
This indicates the market reversal pattern. So down trend expected already distribution happening while checking lower time frame.
So this expected downtrend possibly. target will be 1437.00
If downtrend failed and break out done above 1550 this his as per Fib level...
As explained in the chart market is expected is to continue downtrend till monthly support...
Let's see and watch....
Targets are mentioned in the chart..
In Coming Weeks Bank Nifty is expect to Fall in up to 28750.. Since this is 2 hrs time frame.
previously i also posted this.. this updated of the previous one.
Target will reach minimum 1 Week to 2 Weeks.
Target is 28750...
Lets see in coming week..
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Biocon formed Rounding Top..
since this is weekly chart analysis the time duration for the target is 2 weeks to 4 Weeks.
Entry should be taken only if the breaks fib level of .618 level..
Note: There is chance for reverse @ .786 level. because the characteristic of Fibonacci is .786 level in day chart.. take this as first target.
Then final target is Fib...
Vedanta Chart formed Bullish Pennant.
Entry 168.4
Stop Loss - 165.65
Target.. 175
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Power Grid formed Symmetric Triangle pattern.. This is formed in uptrend. As per the rule this will break out and move upward.
Buy Entry - 208.8
Stop Loss - 205.75
Target - 217.00
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