Disclaimer- This idea is being published only for educational purpose. Before trading you are requested to consult your advisor or on your own risk you may trade. Breakdown as shown in chart from the level of 4186, Stop loss is 4186 and target is 41600, on daily time frame already bearish batman chart pattern is formed,India Vix is very low and on support it may...
Bank nifty has formed the cup and handle pattern which indicates the target of 1000 points , nifty is having today narrow CPR breakout possibility is very high . Disclaimer this is only for learning purpose.Before you trade your own study for your confidence is needed. Thanks
Now Nifty market is no more bearish, since it has formed a round bottom pattern.
Its my view After forming Head and Shoulder pattern nifty is falling, expected fall up to pattern height and Fibonacccy level 0.618 That is 17800. DISCLAIMER- Its only for learning purpose
AFTER THE 'D' POINT REVERSAL ANTICIPATED, WITH EXTREME STRONG BULLISH RALLY.
SINCE FORMATION OF BEARISH ENGULFING AND NIFTY IS AT THE LOWER BAND OF BOLINGER BAND WHICH GIVES INDICATION OF FALL.
BREAKOUT ON MONTHLY TIME FRAME, AND A ORDER FROM NTPC WORTH 12000 CRORE WILL BLAST THE BOLINGER TODAY JUST KEEP WATCHING
FORMATION OF BULLISH BAT PATTERN INDICATES BULLISH REVERSAL AFTER 100 POINT FALL