This is in continuation of prior idea on Bank Nifty(Refer Related Ideas below). With Continuation channels and lowering time frames for same, we look to have a falling wedge/ending diagonal on our hands, per current scenario on charts. Per FIB levels, we have quite some support around 28600 levels approx. Also, RSI divergence is visible as shown on...
An Ending diagonal formation on what looks like Wave C looks to be in formation. This has possibility for ending somewhere in between 11250 and 11140 per FIB levels for fall from 11980. Also per FIB levels for rise from 10335 to 12100, this coincides with 50% retracement. RSI divergence is also visible as shown on charts. Will this end the downtrend? Most...
LT is in a clear falling wedge formation which is a reversal pattern and can break to the upside at any time. Traders should go long after 1422 levels are broken. If 1388 has is broken down then no trade Target 1 - 1471 Target 2 - 1514 Target 3 - 1538
Always little be penetration can be seen in intraday research. The control price of major channe l and value high of minor chann el can be Intraday U-Turn point at 11608 nearby and minor yellow channel has value low at (D) 11523 but value but intraday support can be 11563 in some case only because already support has taken b y Manjor channe l at (4) and...
Short First & Long Later Trading Strategy Plan A – Selling in 11685 -11710 for Targets - 11650-11660 Plan B – Selling below 11650 for Targets - 11600-11615 Plan C – Selling Below 11600 for Target zone - 11525-11540 Plan D – Buying in 11600-11615 zone with strict stops below 11590 for 11700-11710 & Above 11725 for 11775-11800 & Above 11825 for...
Rising wedge pattern formed again on Nifty as depicted on charts.
GBP /USD U CAN BUY NOW , SOON MOON
Rising Wedge pattern observed in BPCL. Pattern looks to have confirmed suggesting a bearish outlook. Target depth of wedge is around 128 points. With confirmation of pattern occurring at 364, Target of the pattern comes in at 236. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as...
Will go down as per my analysis try to short.
Currently at support can get an upward boost very soon
Probable targets mentioned on charts as per rising wedge breakdown.
It has broken out of an upward rising wedge and can bounce back from the support level
Good short opportunity