Rico auto on the way to complete wave 4 correction Flat if price move fast and break trendline take long for targets of 105
Container made divergence on MACD so here we can try long with SL 375 or MACD trendline broke any one done exit from trade Target :610, 632, 665
As u can see the chart weekly TF there is cup and handle formation generally this formation occurs before impulsive wave begins.. if u are long term investor this pharma gem wll create wealth for you..Hold minimum 5 years..
Data patterns bounced from trendline support and if today it is morning star then take long with morning star pattern low as SL on closing basis
Attached chart reference for JSW Steel Trendline support and rule of alternation also matched ready for some 800 levels
Jindal stainless Cup and handle formation at 410 it is facing three week resistance once breakout above 410 it wll fly
Arvind smart space formed Head & Shoulder pattern as per pattern and on breakout first target around 380 long term term target is huge if u can hold
BNF gave breakout today and some big banks given breakout ... check the chart it will touch the middle of the chart for sure..
as u can see some like triangle pattern in range market but now looking at global cues maybe we are opening gap up if price sustain above trendline we wll see good trending upmove in coming week.. Today markets supposed to fall but excellent recovery due to expiry volatility that causes to hold low and now good news came..so lets see how market behaves......
Bank nifty broke trendline and trading down under it..as long as it is there downside risk is always there.. yesterday intraday breakout level is very important if price comes below and stayed there we might see big fall in day or two...
Bank nifty is strong compared to nifty buy above 41200 if u got price at 41150 short first with SL of 70 points
Nifty in big range 16500 approx is middle point so tomorrow if u got the price near this price short nifty with 30 points as Sl.. gapdown is waste so some pullback is required for good RR. buy above only 17800
as long as 17800 to 17700 zone is hold we see upward move ...if 17700 broke we will back to marked range
As RSI reaching new lows fast so expecting hidden bullish divergence to form is so wait for candles formation at support and reversal ion RSI and go long for 18100 then 18400 tarrgets but once need to close above 17800 on daily
Banknifty looking good than nifty for trading if gapdown wll avoid and wait for price action..
in one hour chart nifty showing hidden bullish divergence as per this friday fall was just correction so expect good upmove in coming week
Bank nifty weekly analysis levels marked on chart still some bullishness left in this script