BREAK IN LONG TERM UPTRENLINE.....FORMATION OF LOWER LOW AND HIGER LOW'S....INEBILITY TO BREAK AND HOLD RESISTANCE ZONE OF 402 TO 410, THE PRICE ACTION WILL RETEST THE SUPPORT ZONES OF 367 AND 338
CLEAR BREAK ON HEAD AND SHOULDER NECKLINE ...LOOK OUT FOR THE RETEST OF NECKLINE ON MONDAY 10/7/17....468 ZONE MAY BE GOOD POINT FOR SHORT WITH A TARGET OF 460.50
penant formation with anticipated break on the downside will push crude prices to 50% fib retracement ...inventory report might bring whipsaw movements so be careful with ur stoplosses
SYMMETRICAL TRIANGLE FORMATION WITH CONFIRM BREAK ON UPSIDE ,PRICE ACTION RETESTED THE TRENDLINE AND SUCCESFULLY HOLDING UPTREND ...FOR 6/07/2017 IF BANKNIFTY HOLDS 23300, IT WILL MOVE ON TO TEST ITS PREVIOUS HIGH OF 23470....1ST TARGET 23470 ,2ND TARGET 23530(FIBONACCI WEEKLY R1)
COMPLETION OF AB-CD PATTERN AND RETRACEMENT OF PRICE FROM LOW AND CROSSING ON FIB 38.2% OF AD LINE ..INDICATING A POSSIBLE RETEST TO PREVIOUS SUPPORT ZONES
Ascending wedge breakout .... weakness in RSI...... clarity in MACD conversion to downside , indicates a possible correction to major support zone 22980 ..if 14/07/2017 shows any signs of weakness than banknifty has more chances for correction ...lets see wht the market is gonna offer us tomorrow