SumeshV

SumeshV

Gold may further fall below 47800 Expected to 47690 A Harmonic pattern is visible to justify. Study yourself and is not a recommendation. Information given for Study purpose only

SumeshV

There are two possibilities as per the Harmonic patterns: 1. NIFTY possible to reverses near 18340. if so, the reversal can be between18460 ~ 18242. And possible to reach 17636. 2. NIFTY not reverses as above, then possible near 18840. If so, possible to reach 17906.

SumeshV

NIFTY now shows a Bearish Divergence. However, there are chances to reverse from 17317 or 17290 If NIFTY goes below 17290, a possible target is 17205. The given levels are my personal analysis only The ideas given for STUDY purpose

SumeshV

LUXIND reversed The immediate targets are given The given ideas personal views only Study before trade

SumeshV

Nifty expected levels are given in the chart. 16706 can act as a good support. As per the chart, the reversal expects from 16440 levels Chart is presented for STUDY purpose

SumeshV

Possible levels ae given Present trend may be continued till D. The information given here only for STUDY purpose

SumeshV

Expected levels given It is not a Recommendation Study before trade

SumeshV

The chart gives two directional possibilities if it goes above 17600, possible to reach 18115 if it cross below 17326, possible to reach 16975 The chart analysis is intended for STUDY purpose only No recommendations for TRADE

SumeshV

To confirm the validity of the chart, we have to wait till 1138. If it cross above 1138 and possible to retest back to 1138 level Then we can go for LONG if it starts to move up from 1138. A fundamentally STRONG one. Expected level for LONG term 1630.

SumeshV

if it cross above 3310, can consider for LONG TERM Expected to reach 3680 level Before landing @3680, intermediate levels are shown Corrections can expect at these intermediate levels If it reverse from the current level, levels below the current levels shown.

SumeshV

MGL makes a Bullish Divergence Two possibilities shown in the chart Reversal can expect immediately

SumeshV

PGHH possible to move down A rising wedge formed in price action area, A bearish divergence shown.

SumeshV

Now it respects the support trendline and may be for a short period. If it cross below this trendline, possible to reach directly to the points 1 &2. Other possibilities to reach 1 & 2 is also shown, if it respects the current trendline. if it cross above 36510, possible to reach to the point 3, shown.

SumeshV

Now crude in at a strong support zone It is already reached a low of $62.46 and now it is an indecisive stage. If it cross below $64 levels. possible to reach the support zone shown. if further cross below this zone, the expected levels are $58.3, $52.4 The above observations are for STUDY purpose since the analysis is on weekly time frame.

SumeshV

Breakout below the trendline support Possible to reach $37350, if cross below $43735. No change in RSI divergence and high sell volumes shows bearish trend Given for STUDY purpose

SumeshV

Natural Gas reverses from $4.085 The pattern shows the reverse point

SumeshV

Nifty now at the trendline support There is a chance to reverse. if it reverses, then possible to retest 17490 If it cross above, possible to test 17750 by next week

SumeshV

Banknifty formed a small H & S pattern The expected target is shown The chart is given for study purpose