The stock has formed the Rising Wedge Pattern with declining volumes on it's Daily Chart & is very likely to breakdown. Go SHORT in June Futures on 11-06-2023 @ around Rs.2120-2140 levels. Stoploss at Rs.2155. Target at Rs.1950/- RRR = more than 9:1 in 12 to 15 Trading Sessions.
Cup & Handle Formed. The price has broken out of the pattern. One can BUY at around Rs. 4650-4700 with a Stoploss around Rs.4580/- for a Target of Rs. 5250/- (Height of the Pattern) in 15 to 20 Trading Sessions.
It seems that NIFTY is getting ready for a Big Up Move. As per my analysis, if our index (NIFTY) sustains at the Weekly trendline & is likely to take support around 16700 & 15600 levels, then we can witness a strong rally in the markets and can expect the NIFTY to touch 28500 levels by the end of 2023 or in the 1st quarter of 2024. So, it could be great...
Hello dear traders & investors. As I can see that NIFTY has already tried about 4 times to cross the crucial resistance levels of 18500 but eventually failed. But again now it is at that crucial resistance and this time it is very likely to take out 18500 levels and it is about to touch the levels of 19500 in a month or so.
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Dear traders & investors greetings. Today is 18th-August-2022. As I studied the Nifty Charts, I learnt that the NIFTY has bottomed out at 15100 levels in mid June and has grown very strong during the last two months. This week, on it's weekly charts, NIFTY has broken the Pole & Flag pattern decisively on the upside and it has also crossed RSI-60 from below and has...
