UnknownUnicorn20734830

UnknownUnicorn20734830

This pattern can be considered either a downward sloping channel or an expanding channel.

UnknownUnicorn20734830

NIFTY500 for India is like a SPX for US market. A trader who tracks this index for taking entry or exit will make wise decisions.

UnknownUnicorn20734830

Banknifty is now at its inflexion point of rising wedge pattern. In short its a make or break level. One may even argue that this is also a kind of bear flag pattern.

UnknownUnicorn20734830

I don't need to tell you...Banknifty has underperformed since the pandemic. But now its looking like hdfc bank is in its cusp of make or break zone. It is worth to add this bank to your watchlist.

UnknownUnicorn20734830 Updated 

Nifty 50 is now forming a symmetrical triangle pattern meaning the volatility will be contracting while price moves inside this pattern and when the price comes out of this pattern then there will emerge a new stronger trend.

UnknownUnicorn20734830

Nifty is still in broad based consolidation. Currently the price is taking resistance at 61.8% Fibonacci level which is drawn from recent swing high to recent swing low.

UnknownUnicorn20734830

The chart shows everything you need to know. It first broke out of the inside expanding channel pattern and now it gave a break out from a tight consolidation range with great volume expansion.

UnknownUnicorn20734830

There are multiple times the price took support in this area so it migh be considered a demand region. If the chart prints a bullish weekly closing here then the uptrend might resume.

UnknownUnicorn20734830 Updated 

Even though the triangle patter is not as tight as expected. The price might reach this target.

UnknownUnicorn20734830 Updated 

After consolidation the price broke out with great volumes. Price might reach this target

UnknownUnicorn20734830 Updated 

Base breakout with great volume expansion is visible

UnknownUnicorn20734830 Updated 

Whenever the price reaches this Trendline region supply comes in and the price falls down. One should wait for NIFTY to strongly close above 17640 (with wide range candle with volume expansion) to go Long.

UnknownUnicorn20734830 Updated 

Falling Wedge pattern got broken. Playing safe so entered with minimum quantity as the volume expansion is not that great in my opinion.

UnknownUnicorn20734830 Updated 

The target for Affle triangle breakout will be around ₹1360. For the flag pole the second target will be around ₹1745

UnknownUnicorn20734830

S&P500 looks extremely bullish. But again volumes are on the average side. If the volume expansion kicks in with the breakout of this flag patter then may witness a huge upmove.

UnknownUnicorn20734830 Updated 

Broken the trendline but not enough volume pick is visible. And the body of the candles are not that great. So entered with minumum quantity.

UnknownUnicorn20734830

The price is now in range between 37700 and 34100. If price crossed this Blue trendline and closes strongly above it with good volume in 1hr Time Frame then one can expect a further upmove in NiftyBank.

UnknownUnicorn20734830

One can expect Nifty Metals to go bullish once the price moves and closes above 5760. Also one many have to check the breakout volumes from individual stock's to access the breakout strength.