Daily Chart Pattern
Pattern Inside Pattern
Ascending Triangle Pattern
Zig Zag Pattern
Best Buy Above 105 After mini resistance
can go all time high or Near Resistance of all time high
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade...
It seems that after Impulse down we are now in a corrective phase which is unfolding as Zigzag. We have completed Waves A & B so far and Wave B retracement is around 0.618. So now we might be going for Wave C which can extends 100% of Wave A. This gives a logical target around 540-545 levels.
Bounce retracement towards 14530-50 possible after which should go down.
Confirmation entry on sell side if 14435 breaks (non risky wait for this 14435 break level)then 14400-14300-14270 possible on downside
Stop loss of this analysis 14618
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely...
From March Lows Bank nifty is slow mover but now formed leading diagonal which is sign of uptrend coming in future.
But right now we will experience corrective wave to 5 wave leading diagonal before uptrend.
Current price 26798 and at parallel channel resistance max 27000-27162 can be expected.
We can see zig zag wave (a)-(b)-(c) from 27000 levels.
Wave (a) is...
DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial...
Added 25% of total qty with SL 435 on WCB
Next Buy Range = 490-460
Reason to buy:-
1. Trading above 50 RSI
2. Trading above 200 EMA
3. Weekly zig-zag brkout.
TREND ANALYSIS & TRADE SETUP
GARTLEY HARMONIC PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
DO NOT MISS ENTRY IN AUGUST EXPIRY !
After a good rally in RIL, it getting high price rejection from overbought levels. We can 50 % of its upmove as a retracement.
Target should be somewhere 1300. BSE:RELIANCE [/s ymbol]
