Price forming Head and Shoulder pattern and it is all set for Gap down open for the day. Hope price will easily reaches the target or opens near the target.
Price is all good to break the support with a strong pattern, If breaks the support then it will be a big free fall or a small retracement before fall.
Price will try to close below the support this week and fall further down, most of the banking stocks are at the support and all are expected to break the levels this week . . . .
Price closed below the weekly support and it looks strong enough to fall further down with small small retracements. Will reach the next support level in this coming week of trade. . .
Price after the reversal from the high reached the important support level. Expecting a close below the support next week and those are into bank nifty trades watch out as the important stocks are showing weakness.
Nifty symmetric triangle pattern at the super support level and this shows price will open away from the pattern. Small players doing nothing will be a great thing !!
Price making triangle pattern at the big support. Tomorrow one can expect rough open !! Big time for the option traders.
Price after making double bottom at the strong support went up half way and it fell badly, now its ready to break the support and go further down.
Price will break the trend line to reach the channel bottom after breaking the strong support. Good time for the long term buyers of stocks.
Price after the big fall reached the trend line were previously price took the support. After a small consolidation price will move quickly . .
Price forming Triangle pattern and it is about to break. Now or next day.
Price making head and shoulder pattern, head part formed and price reached the resistance levels now its time for the right shoulder . . .
Nifty price breaks open the resistance to fill the gap. Technical !!!
Banknifty after forming inverted Head and Shoulder pattern breaks it to reach the target. Before breaking there was a Triangle pattern which is a double confirmation that price is going to break. Again in 5 min last trading day ends with a channel pattern and market breaks open the channel today as expected . . . Technical - Love it you will learn it !!!
Price took support from important level and reached the Descending channel top in a super fast time. This shows the market is bullish but still the overall trend is down and Long term players must watch as the price is at the important level.
Price rejected from 61.8% Fibo level and now looking for support desperately, global conditions are not good enough to support the market.
Nifty trading near the trend line, expecting it to break the trend and move up. In the analysis only 15 min time frame chart is taken and it is not a strong time frame for long trades . . . still it is useful for intraday trades. One can expect nifty gap up on Monday.
Nifty getting heavy resistance, even it gives positive signals by closing above the resistance it cannot hold the momentum. As the international crude price is on increase it is good to short the market whenever one notices the opportunity. Better dont have over night positions for some time.