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