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..
Icici double top expected and will touch monthly resistance
Asian paints testing previous resistance.. hanging man pattern formed...this may give small down trend and again pull back and may test 3.168
Hi all, this my first time I have given target in triangle pattern.. pls trade with perfect stop loss... every thing I have explained in the chart....