MORNING STAR FORMED AS A SUPPORT. LONG WHITE CANDLE ARRIVES. BULLS PUSHING THEMSELVES TOWARDS GAP RESISTANCE.
LOW RISK HIGH REWARD TRADE. LONG WITH CUP BASE AS SL.
POSSIBLE EVENING STAR FORMATION IN NMDC. SHORT IF GAP DOWN OPEN. VIEW NEGATED IF EVENING STAR HIGH BREACHED.
POSSIBLE EVENING STAR FORMATION. SHORT NIFTY STRAIGHTAWAY IF GAP DOWN OPEN .
EVENING STAR FORMED IN KOTAK BANK. SHORT WITH PATTERN HIGH AS SL
MORNING STAR PATTERN - ALBEIT NOT IN A DOWNTREND, BUT POTENT BUY SIGNAL
DETAILS PROVIDED IN THE CHART
CONSOLIDATION INSIDE BOX WITH LONG WHITE CANDLE.
Forming Evening stars & also at trendline resistance. Two evening stars at trendline resistance makes a potent signal to short.
NIFTY FORMING A HEAD AND SHOULDERS PATTERN . CLEAR FIGHT BETWEEN BULL AND BEAR. BULLS BARELY MANAGING TO STAY ON TOP OF SUPPORT LINE. A GAP DOWN OPENING WOULD ACCELERATE THE FALL. A GAP UP OPENING COULD TEST THE 10860 LINE. TARGETS SHOWN IN CHART IN CASE OF ANY LINE BREAK.
FORMING CLEAR PATTERNS. CAN LONG CALL 680CE @ 3.5 AND TARGET SPOT 710 ; (EXPECTED PREMIUM TARGET - ~15)