RUDRA007

RUDRA007 Updated 

Mahindra and mahindra ascending wedge pattern formation counter is trading around resistance zone,, let see whats next in store

RUDRA007 Updated 

Bank nifty monthly time frame Ascending wedge pattern formation index is almost at resistance zone, still can keep buffer of 500-700 points on higher side if wedge pattern is followed index might give good reversal going ahead. in between of wedge if observed index have retraced 3 times approx retracement are around 9%-12% and 22% on lighter note if we consider...

RUDRA007 Updated 

Ultratech spot at 10500 Weekly time frame Ascending parallel channel formation Equivalent harmonic ABCD pattern formation. counter can face resistance around current levels and going ahead. if not able to sustain higher counter will give a sharp reversal of 1500-2000-2500 points ,, keep watch. This assumption is made as per parallel channel and harmonic pattern,...

RUDRA007 Updated 

Hdfc bank spot at 1720 Weekly time frame Symmetrical triangle pattern Horizontal resistance as per previous life high reversal levels, over here life high levels would play an important role, going ahead keep watch on daily price action, if not able to break above life high levels and sustain counter can give good retracement, of 5-7-10% counter have already...

RUDRA007 Updated 

Triple top pattern formation on hourly time frame, if breaks out and sustain above higher range upmove might continue if failed , get ready for sharp reversal in index According to this pvt banks might face sharp selling pressure going ahead. Keep watch

RUDRA007 Updated 

Hdfc bank spot cmp 1673 Hourly time frame. Head and shoulder pattern formation, neckline support around 1669 levels once counter breaks below 1669 and sustain for 15-20 mins breaks down can be confirmed. hourly candle closing below 1668 levels would be best scenario. down side counter can slide to levels of 1616-1600 as per chart pattern theory. its conditional...

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NIFTY MID CAP SPOT CMP 47500 Weekly time frame Ascending parallel channel structure Index is trading around resistance zone as per structure trend line Equivalent measured move done which confluence around resistance zone as per channel Bearish divergence on RSI with respect to price action. Fibbo extension of 2.618% done which is the max extension in history of...

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Nifty spot 21700 30 mins time frame Pre assumption of Abcd pattern formation Index have retrace around 78% of previous low swing, now if not able to move above previous life high levels than there is probability that it will follow harmonic formation.. can give good retracement Keep watch

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ASCENDING WEDGE STRUCTURE index is trading around resistance zone as per structure if failed to sustain at higher levels sharp reversal can be seen,, keep watch on psu stocks look like time to pocket profits in psu stocks

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Dow jones around 37600 240 mins time frame Ascending parallel channel breakdown big fat bearish candle formation on breakdown of channel structure.. now till the high is not crossed and sustained,, index have possibility to retrace by 50-61% of last furious rally and note one thing retracement will be sharp till it below high levels view remains valid

RUDRA007

SNP 500 index around 4800 daily time frame Double wedge structure both wedge confluence around same resistance levels if not able to sustain at high levels and if the reversal confirmation is observed,, index might retrace by 5-7 easily

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Nasdaq ixic index at 15050 Daily time frame Bearish wolf wave pattern formation on long time consideration , ascending sharp wedge on smaller time consideration Wedge is already broken and reversal from above the wolf wave resistance line is in progress,, if this wolf wave has to progress as per theory, than index might head towards levels of 13700-13500. in...

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Gnfc spot around 755 weekly time frame Bearish bat pattern formation exact text book pattern formation. counter might face resistance going ahead, keep buffer of 2% on higher side, if sustains above that levels than view get negated, else as per harmonic pattern counter might retrace by 7-10%

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Reliance spot at 2600 Weekly time frame Horizontal resistance as per previous life high levels, from where counter have changed trend in past, Bearish wolf wave or wedge can also be considered as per formation. Need to keep close watch on price action on daily time frame, if counter is not able to breakout and sustain above life high levels, can retrace around...

RUDRA007

Nifty spot around 21800 Ascending wedge pattern on monthly index is around resistance zone as per structure, will it retrace from current levels or will retrace after some upside, views are welcome

RUDRA007

Tata motors spot cmp 590 weekly time frame Wolf wave study Bearish wolf wave formation Counter is in overbouht zone as per structure, trading above the resistance line. Previous life time high levels at 600, Bearish divergence on RSI, with respect to price. counter is facing price rejection around 600 levels, which act as resistance as per previous life high...

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Indigo spot cmp 2620 weekly time frame Harmonic study Bearish butterfly pattern formation PRZ in range 2620-2650 Price rejection is observed at weekly high levels, high price of last week and current week are almost same, Till we dont get any breakout above this levels, counter have probability to retrace, bulls need to be cautious at the moment,, keep watch

RUDRA007

Reliance spot cmp 2618 weekly time frame chart pattern study Descending parallel channel pattern fromation As per resistance trend line of structure, counter would face resistance around 2650 levels if we observe last 2 swing in this channel ,last time counter reversed after retracing around 78.6% of previous swing, this time 78.6% of last swing lies around 2632...