Bank nifty near to double top .. after completing the double top .. Bank nifty will fall down.. expected target is 28000...
1. As per the chart, nifty is formed double top & raising wedge pattern also seems ascending triangle pattern. As per the pattern formation nifty should come next resistance of 11371. 2. Fib level swing high to swing low is showing .5 fib level ( golden ratio) 11371.. Most probably we expect nifty will fall in coming weeks. Target is 11371.
Now Nifty is Completed the double top and fib level 1.618 Now nifty will come down for 130 points by next week... fib exten level also pointing the level of 11870....
Nifty will create double top and get down as mentioned in the chart
Nifty is forming triangle pattern... As mentioned in the chart nifty will move like this....
bank nifty is forming triangle pattern.. it will go down further 800 points in intraday.. maybe in 2 days...
Hdfc break the trend line and this will further down as expected
Since kotak is completed its distribution zone, this is clearly indicating that downtrend is going to start....
Now SBI is in descending triangle pattern... SBI is being expected to move as mentioned in the chart......
As analysed earlier the target perfectly hit. Next target mentioned in the chart... 51 Usd As per below hourly time frame still crude is in down trend...
In day time frame crude oil is forming triangle pattern. So almost now crude near by resistance.. so coming days crude oil is expecting down trend.
Hdfc is in consolidation, as per the chart hdfc will move
Nifty formed flag pattern in day time frame...
Crude oil formed triangle pattern and it will move as per mentioned in the chart..
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
Infy Symmetric Triangle pattern formed. Target are given in the chart for both long and short.