AVINASH_ISB

AVINASH_ISB

Hi Peeps, Sharing my positional analysis on Nifty. 20,222 is short term top & marks end of 5 wave up. We have now entered in correction mode & quite near to completion of A leg & henceforth , nifty will look to take support in the range 19,600 - 19,588. We, will look short term bounce in B ( typically 61.8% -50% of A) ; will update once A ends in thread. Late...

AVINASH_ISB

Early sign as DXY index breakdowns from rising wedge on hourly chart. More confirmation after breakdown from marked level. Also we can see negative divergence on Hourly Chart.

AVINASH_ISB

Gold Analysis on Daily Chart. Expected levels are marked in a shorter term. Also Hourly Divergence needs to be resolved. Levels are marked.

AVINASH_ISB

Two pattern coincidences on daily chart :- First one head & shoulder breakdown, but I will wait for one more day for confirmation. ( This will happen after retest confirmation at 44520-44500 level). Second pattern Cup & Handle pattern which is yet to breakdown & retest again at 44200 level. Both pattern above gives target of 42650 level. But yes I will wait for...

AVINASH_ISB Updated 

Flag & Pole pattern breakout on Hourly Chart. SL & Tgt is marked on Chart. Tgt is expected in 7-10 days.

AVINASH_ISB Updated 

HOURLY CHART:- INDIABULLS HOUSING FINANCE gave a breakout on hourly chart with a well known inverse H&S pattern. Expecting a tgt of 150 in coming 5-7 days. Pattern stands invalid below 108. Risk to Reward is not favorable for new longs as SL is quite far but people who are already in trade can trail their profits.

AVINASH_ISB Updated 

Weekly Time Frame:- Adani Total Gas is done with correction.We can spot positive divergence on weekly time frame. We can expect sharp upmove in upcoming 1-2 weeks.

AVINASH_ISB

Hidden bullish divergence is visible on 15 min TF. Bank Nifty is done with correction. Expecting Bank Nifty to lead index in upcoming days till it holds Friday low. One Can enter long when it crosses 45200 level.

AVINASH_ISB Updated 

15 min TF:- We can witness rounding bottom breakdown. One can enter for short side during retest level if we break today's low as R:R will be favorable. Also we are trading in a range for a quite some time. Range Break also give good trading opportunity. Levels are marked on Chart.

AVINASH_ISB Updated 

BNF :- Breakdown of H&S pattern & retest complete on 30 min TF. Target is marked on Chart. Pattern stands invalid if BNF closes above 45350.

AVINASH_ISB Updated 

#TATAMOTORS:- On Daily chart we have a breakout of rounding bottom pattern. Target of rounding bottom breakout comes out to be 700-730 in coming days.

AVINASH_ISB

Gold is done with H&S pattern target & facing resistance in completing rounding bottom pattern. On a weekly Chart , we can spot Shooting star.

AVINASH_ISB

All good news that good have triggered Nifty is done. Nifty is done with retracement & sitting at very important level & if we don't breakout on marked level, we may fall big as per the daily chart. Also we are facing resistance of 200 EMA line.