MercySamurai

MercySamurai

In the chart i could see the parallel channel is respected perfectly with 5 touchings at the bottom. Morning star candlestick pattern occurred in 1 hr timeframe and hammer formed in 1 day timeframe with huge volume. But here is the confusion, there is a formation of double top chart pattern even with little a retracement. So as per the movement in Monday i'll take...

MercySamurai

Finally BAJFINANCE break down in descending triangle with huge volume and sitting at the major support. we can expect a gap down on Monday session and there could be some retracement(or contines the downward direction) towards the resistance. If the downward trend continues 1st target is 1601.

MercySamurai

Breakdown should happen with huge volume short below 19280 or wait for a retracement

MercySamurai

BAJAJ FINANCE formed a descending triangle 1HR. Likely to move downwards.

MercySamurai

SBIN formed Symmetric triangle in 1 hr timeframe and about to breakout.

MercySamurai

Bank Nifty was broken the triangle pattern for 1 hr timeframe. There could be a retracement tomorrow and continues the downward direction.

MercySamurai

This is a fake breakout. Breakout will happen with huge volume, since it is a fake out, there is no such volume. Thumb rule: Breakouts happens with huge volume. Triangle pattern about to breakdown.

MercySamurai

HDFCLIFE formed SYMMETRICAL TRIANGLE - 15mins. very good opportunity for intraday. This is the exact triangle formation.

MercySamurai

Apollo tyres formed symmetric triangle chart pattern. Good for intraday 15 mins timeframe.

MercySamurai

Kotak mahindra bank formed triangular pattern in 15 mins timeframe about to breakup or breakdown. Good for intraday.