Nifty still on bear grip on a regression channel pattern. Since this is the 3rd wave looking crucial between 16050 - 16150. Below 16050 can expect a huge drop. Hope for best.
Stay Safe ! Save Capital !
Nifty forms a descending Broadening Wedge pattern and I have predicted 3 possible way nifty will move in the upcoming week. I strongly believe this is the consolidation phase of this wedge and probably nifty will go sideways and reverse the trend.
The script is trading at down trend after hitting the all time over last couple of months . The parallel channel represents a flag pole pattern . Let hope it will give an fantastic breakout reaching its all time high as the first target.
Weekly and daily candle shows good volume. 509 is the resistance to look out and if it breaks we can expect 10%-20% based on current trend line.
incase of resistance reversal 464 as immediate support. use last day candle as stop loos if necessary.
the script is growing steadily with a upward trend lines and now looking for a breakout at 103. once its crossed 103 short time traders can jump in and for long term . just wait and watch the show.#Nalco #bearkout.
**Only for educational purpose**
After rally, Tata motors is trying to fill the gap. has broke the support that hold the stock above 460 range for the last few months. Probably It should go down to fill the gap and its a good opportunity for long time investor. Short time traders need to look out for the new support and reversal confirmation
The market is highly volatile over last few weeks and its still on down trend even when the market ends on green today. For tomorrow 30th Nov, 17050 acts a resistance. which will also be the crucial point for Nifty tomorrow.
Exide is forming a triangle on the weekly pattern. support seems to be very strong on 170s. on breakout, we can expect 70% profit booking from the current level. however, still more time to accumulate.
Trident had hit its UP over last few days and considering the RSI and MA the share may hit the support to fill the gap. Probably the support at 40-45. Long term investors can accumulate and short term swing traders can use the opportunity to gain 20-40% on significant reversal. Let keep an eye.