Another multi-year breakout is on the charts we can witness. On 01/03/18 it touches the levels of 121 on monthly basis high and now it moving with high volumes to break that bar. Beautiful Elliott wave pattern can also be witness over there. Its in blue sky zone to hit new highs. Also if u can look at the RSI is making a Rounding bottom pattern. Everything is in...
Mangalore Chemicals and fertilizers on a multi year breakout beyond the levels of 92 from October 2014.
I am using the Bollinger band pattern on my daily of every stock and index and I depict the same as in Dragon Shape. I this index has eaten up a lot in previous days and the weeks and now its time to flush it out. I am just viewing it to fall up to 31300 and then make a strong recovery for fresh Feed. As there is a big gap there.
From last 4 days the nifty is continuously making the higher lows and the higher highs not only the daily time frame but also on 15 min and the 1 hour time frame indicating the uptrend in the momentum. But still I strongly belive that market will correct for a once till the level of 14300 for the gap that I have indicated earlier in the chart,
Nifty has to test the levels near 14230-14306 so as to make new upmove towards15000 as there is big gap in the chart that needs to filled up.