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Heavy Selling at the similar level, a test back to 1180 level possible
Monthly Chart indicates Topping Tail
Last time there was crossover of 5EMA> 26 EMA it was around 165.
TataGlobal had a very sharp price rise over 6-7 Months.
Now it is at cusp of similar crossover of the EMAs.
Support at 300 level (Psychological)
Once Broken expecting to test 273/255
Stop Loss 330
Will Observe for continuation positional trade till the EMAs ...
NIfty Realty Index on Monthly chart indicates potential topping tail candle
DLF Weighs 35.45% of Nifty Realty Index
In 4 hour chart there is a H&S reversal pattern in the making + Upward trend line breakout test
SL - 274 (Conservative SL 269)
TGT - 217-220 zone
Nice support 50 retracement, as per ABCD it should move around 390 zone
It happens to be 61.8 retracement level on weekly chart.
SL - 310
Nice support at 23 ema in weekly chart
Double bottom confirmation in daily chart
First resistance at 61.8 resistance (Target 554), if further breakout happens we can see all the way up to 570 from this level.
Stop Loss 500
Hi Folks, potential inverse and shoulder pattern in Bank Nifty. I am expecting for a test around 20300 zone.
Also, nice retracement from 61.8 level + Bullish neckline indicating up move at this level.