Triangle pattern formed and Movement as per chart. t.me
At present raising wedge pattern formed.... Targets and stop loss are mentioned in the chart. t.me
1) Scenario 1: Now SBI is forming channel pattern... with in the pattern small flag pattern formed... so from there small up trend till 344.. From 344 this will go up to 333.. once channel breaks 330 This will be little bit huge fall upto 320 to 310... 2) scenario 2: if pattern breaks 344, The channel pattern will be failure and it will hit 350 by creating double...
Axis Bank movement as per below. Scenario - 1. Axis Bank Double Top - May be side ways. Scenario - 2. If Break out happened , it will go up to 786/- as per trend line resistance.
As per wave analysis and Fibonacci levels targets are mentioned in the chart. t.me
Axis bank formed triangle pattern... this will hit as per mentioned targets... Target also very close to weekly resistance.. so this will move as per targets Stop also mentioned... trade with stop loss.
Icici is reached fib 1.61 level. From there downtrend expected... target mentioned in the chart...
In Euro INR the is formed bullish diamond pattern... it will hit the target as per chart...
Coal India is currently swinging in Rs. 202.6. It will go up to 207.. from there down trend expected
Market may move like this.. may be expect down trend from 12320...
In day time frame Hcl is travelling in channel pattern.. Now as per fib level 1.61 level is showing 1200 and this will be double top.. Then after down trend expected...... Let’s see.....
Bank nifty near to double top .. after completing the double top .. Bank nifty will fall down.. expected target is 28000...
1. As per the chart, nifty is formed double top & raising wedge pattern also seems ascending triangle pattern. As per the pattern formation nifty should come next resistance of 11371. 2. Fib level swing high to swing low is showing .5 fib level ( golden ratio) 11371.. Most probably we expect nifty will fall in coming weeks. Target is 11371.
Now Nifty is Completed the double top and fib level 1.618 Now nifty will come down for 130 points by next week... fib exten level also pointing the level of 11870....