Hi all, Sun pharma created bullish falling wedge pattern completed and breakout done... Target for fib level .618 is for intraday... Remaining targets for next day...
Hi all, Now PVR perfectly completed its falling wedge pattern... Also falling wedge completed Fib level of 3.618 level in swing low to swing... Expecting uptrend once It will done from the pattern... Take the trade once break out done... Target is 1415... Validity period is 2 weeks to 8 weeks... Let’s see how it moves....
Currently the price is at the level of 1.618 level. Expecting for breakout.. As per the Fib Level the price is will move upto 2.618 level. Lets see how it works..
Expecting Uptrend ... Awaiting for Breakout
Bank Nifty has formed symmentric Triangle pattern formed.. This will move either down side or upside & important thing is support and resistance are perfectly matching with Fib 1.618 level.. Still 2 days remaining for weekly Bank nifty expiry.. Surely there will be 1800 volatile. As per my calculation it may bullish trend...
Now USDCAD formed Triangle pattern.. Chart will reach the Target as per Fib levels mentioned. Since this is higher time frame, 2-8 weeks time to reach the target.
Now Tata steel is in accumulation phase & also it is near by fib level 3.618.. There is chance for reaching target of fib level 3.618 ( till 223 )and may be it is stop loss hunting zone ... Over all the will be up trend...
As per fib analysis..it is being expected as double top...
Symmetric triangle pattern formed ... targets are explained in the chart
1) In monthly candle coal India is still in down trend.. 2) already reached fib level 2.618.. 3) target expected fib level 3.618 & monthly trend line also confirming that level.. Candle also strong bearish candle.. so further downtrend expected..