ON A MONTHLY CHART NIFTY 50 ABLE TO BREAK LAST MONTH (FEB) LOW OF 10276 AS OF NOW AND MADE FRESH LOW NOW AT 10215.
AS WE SEE THAT MARKET MOVING IN RISING CHANNEL AS PER MONTHLY CHART, AND ABLE TO BREAK RECENT TRENDLINE SUPPORT AS PER CHART.
SO IF MARKET SUSTAIN BELOW 10250 LEVEL THEN IN COMING TIME WE CAN SEE 10050, 9700, 8800 LEVEL.
IT CAN TAKE STILL 6-12...
MICRON TECHNOLOGY,
AFTER A FALLING WEDGE BREAKOUT @ 42.20, IT ABLE TO HIT TOP TARGET PRICE TILL 49.89
AND IN TODAYS SESSION IT ABLE TO CROSS THE PREVIOUS TOP LEVEL @50 (CAN BE CONSIDER AS AN DOUBLE TOP BREAKOUT ALSO IF WE CONSIDER LAST SESSION TOP AS AN DOUBLE TOP.
SO AS OF NOW STOCK HAS GIVEN A BREAKOUT @ $50 AND IF IT SUSTAIN ABOVE LEVEL 49 ON CLOSING BASIS...
AJANTA PHARMA HAS GIVEN A SYMMETRICAL TRIANGLE BREAKDOWN BELOW 1360 TODAY.
AS PER PATTERN WE CAN EXPECT MOVE TILL 1310-1235-1185
TRIANGLE WIDTH IS NEAR ABOUT 175 POINTS SO IF SUSTAIN BELOW 1360 THEN TEST THEN MENTION LEVELS.
AS PER THE CHART WE CAN SEE THAT IT HAS ALREADY MADE FALLING OR INVERTED PENNANT CHART PATTERN.
AND NOW MAKING TRIANGLE ON CHART.
SO IF DOW FUT ABLE TO CROSS TRIANGLE UPPER LEVEL OF 24565 OR 24600 LEVEL.
THEN WE CAN SEE UP MOVE TILL 25800-26000 ZONE AS PER TRIANGLE.
BUT IF IT FAILS TO CROSS UPPER ZONE AND ABLE TO BREAK BOTTOM LEVEL OF TRIANGLE NEAR ABOUT...
AMAZON, ABLE TO MOVE ABOVE FALLING CHANNEL.
IT HAS ALSO MADE A TRIANGLE ON CHART WITH THE HIGHER LOWS AND LOWER TOPS.
AND RECENTLY IT ABLE TO BREAK THE HIGHER TOP AT 1495.
AS PER TRIANGLE AND CHANNEL PATTER IT SHOULD DO 20 $ MOVE ABOVE 1495 LEVEL.
SO IT SHOULD ABLE TO TEST NEAR 1510-1515 ZONE.
