Premkumar2783

Flag breakout in weekly #Positional Target - 1895 Time frame - 1 month

SL 490 # Positional

Long-term investors can cash in some money here & add on dips for good returns.

Bearish AB=CD harmonic pattern. Banknifty spot should reach 26270 levels in next 2 weeks if 24590 is not broken on closing basis. Expecting a fall from around 26270 which will eventually break recent swing low.

Nifty is in the process of forming AB=CD pattern

AB=CD is a reversal pattern. It helps you identify when the price is about to change direction. With this pattern you can buy when prices are low and about to rise, or sell when they are high but about to fall.

Green arrow in the chart indicates BULLISH DIVERGENCE & red arrow indicates HIDDEN BEARISH DIVERGENCE.

Pattern target below 595 #Positional

Beginners can clearly see and know about TWEEZERS BOTTOM & its effect.

YESBANK reached vital support zone. Should bounce from 218 levels. If its taken out, will go down till 195 levels and bounce. 218-195 will be good zone for long-term investors to grab the opportunity & cash in.

More pain ahead for Banknifty if September month closes below the rising trend line support of 26060 levels. Should hold above the trend line to keep the up move intact in coming months

PATTERN TARGET - 2930

BOX PATTERN BREAKOUT

FLAG PATTERN BREAKDOWN

Positional traders can continue their long for target of 1855 in August month.

CIPLA broken out in monthly chart. Positional target is 689 (spot levels).

Head & shoulders pattern is forming in this stock. Left shoulder & head has been formed & now right shoulder is in the making. So we can expect another ~100 points down in this stock in a short time. So positional traders can make use of it & grab the money.

DOW JONES BROKEN THE TRENDLINE RESISTANCE & TRADING ABOVE THAT. CONSECUTIVE CLOSE ABOVE THE BREAKOUT LEVELS WILL MAKE DOW TO TEST THE ALL-TIME HIGHS