WCB above 323 needed for up move to extend till 354 / 362 / 375. Immediate Support cum BreakOut Retest Level - 292_293. Sustain below 292 will move towards next support zone 280 / 269_270. 292_293 will be good buying levels with WCBSL below 269 for 354 / 362 / 375
TRIANGLE BREAKOUT Buy in dips till 686_666 | WCBSL 614 | Tgt 726 / 756+
BOX PATTERN / RECTANGLE BREAKOUT Buy @ cmp & in dips till 1440 | WCBSL 1365 | Tgt 1850 / 1950+ In past, stock moved more than 550 points twice after the BOX / RECTANGLE BREAKOUT. Now again gave breakout of same pattern. Price Action indicates stock can move 450_550+ points from the Breakout level.
CUP & HANDLE PATTERN Buy @ cmp 1294_1225 | WCBSL 1095 | Tgt 1470 / 1700+
Buy @ cmp & in dips till 313 | WCBSL 262 | Tgt 440 / 460 / 480+
Trading inside PARALLEL CHANNEL with series of HH-HL. Support Zones - 17724 / 17655_17637. Resistance Zones - 17913_17920 / 17964_17992 / 18067_18115. SL should be 17636 on Hourly Closing Basis (HCB). Trend Reversal Zone - HCB below 17636.
INVESTMENT PICK CUP & HANDLE PATTERN Buy @ cmp & in dips till 84 | MCBSL 66 | Tgt 140 / 190 / 230 / 255 / 300+
SYMMETRICAL TRIANGLE PATTERN BREAKOUT & retest completed Buy @ cmp & in dips till 397 | WCBSL 388 | Tgt 475 / 530+
Buy @ cmp & in dips till 1480 | WCBSL 1317 | Tgt 1800 / 1900+
CUP & HANDLE PATTERN BREAKOUT Buy @ cmp and in dips till 276 | DCBSL 259 | Tgt 314 / 330 / 354+
"W" PATTERN BREAKOUT Buy @ cmp and in dips till 218 | WCBSL 197 | Tgt 260 / 276_280+
DXY - DOLLAR INDEX "W" BREAKOUT & ASCENDING TRIANGLE BREAKOUT Immediate Support Zones - 109.50 / 107.60_107.29. As long as sustain above 107.29 MCB, will move up towards 113.26 / 117.785_118.00 / 120.30 to form DOUBLE TOP
#BANKNIFTY UPDATE (W) Cmp - 39110. 38760_38790 & 37580_37750 are support zones to watch out for bounce to continue till 39425 / 40324_40780. Sustain below 37750, next big support zone to be eyed for #TrendReversal sign will be 35620_36100.
BEARISH ENGULFING PATTERN formed on Oct 2021 has done its destruction already. Now a SHOOTING STAR followed by EVENING STAR kind of pattern near previous high & formed DOUBLE TOP . 38760_38790 & 37580_37750 are the support zones to watch out for any bounce till 39425 / 40324. Sustain below that 35620_36100 will be the next big support zone to be looked into...
#NIFTY UPDATE (W) PRESENT RANGE IS 16580 - 17539 #BreakOut / #BreakDown of this range on WCB needed for further trending move on either side. 50 WMA - 17083 might act as support going forward. Below that 16580_16800 zone should be watched closely as its the #BreakOutRetestLevels . Failing to hold will push index towards 16245/15160_15295 zone. On the flip...
#NIFTY UPATE (DAILY CHART) #DarkCloudCoverPattern near previous peak high & also formed #DoubleTop which will act as a tough resistance. Going forward 18115 should be taken out on DCB for upside TREND REVERSAL . Now formed #M_PATTERN , gave BREAKDOWN & RETEST is going on. Pattern Target - 16418
SGX:IN1! Update Cmp - 17333 Still LH_LL pattern continues which is bearish sign in #MidTerm to #LongTerm. Immediate Resistance zones - 17380_17407/17563 Support - 16930 #TrendReversalZones to be watched: Upside - 18097 DCB Downside - 16647_16658 DCB
ROUNDING BOTTOM FORMATION Cmp - 658.25 Buy in tranches from cmp to 570 | WCBSL 539 | Tgt 700 / 725 / 750 / 830++