BANK NIFTY VIEW LOOKS LIKE PERFECT WEDGE AS PER MY CHART.SO WE CAN OBSERVE BANK NIFTY AS PER CHART IT CAN BE WEDGE BREAK OUT IN FUTURE OR IT CAN BOUNCE BACK FROM BOTTOM OF WEDGE.WE CAN OBSERVE CANDLESTICK CONFIRMATION AT THE BREAKOUT OR REVERSAL AREA THEN WE CAN FIND TREND EASILY.
I am expecting the sell side moment for positional trading.Asian Paints looks like moving in triangle in 2hour time frame.As we know that we can trade either side on triangle based on candle stick confirmation if its a narrow breakout also we can take trade boldly if its not narrow breakout then wain for retest.
BANKNIFTY LOOKS LIKE TRADING INSIDE THE CHANNEL BUT CHANNEL IS BROKEN SO WE CAN EXPECT FALL ONLY AFTER RETEST IS DONE WITH A GOOD CANDLESTICK CONFIRMATION.WITHOUT RETEST AS WE KNOW MOST OF BREAKOUTS ARE FAKE OUTS.THIS FOR EDUCATION PURPOSE ONLY.
NIFTY INDEX LOOKS LIKE TRADING INSIDE THE CHANNEL IF IT BREAKS DOWN THEN WE CAN LOOK FOR SELL ONLY AFTER RETEST IS COMPLETED OTHER WISE IF IT REACHES CHANNEL TOP THEN WE CAN LOOK FOR SELL WITH CANDLE STICK CONFIRMATION.THIS FOR ONLY EDUCATION PURPOSE ONLY.
This is my view of IOC based on this chart if its breaks upside then go for a buy as well as if it goes down then it can go for sell with a condition it should be narrow breakout otherwise need to wait for retest.This is for educational purpose only.
This is my view of INDIGO based on this chart if its breaks upside then go for a buy as well as if it goes down then it can go for sell with a condition it should be narrow breakout otherwise need to wait for retest.This is for educational purpose only.
This is the view of Grasim based on this chart if its breaks upside then go for a buy as well as if it goes down then it can go for sell with a condition it should be narrow breakout otherwise need to wait for retest.This is for educational purpose only. BASED ON GLADDY TECHNICALS
