Heavy Convergence observed in Wipro additionally It's taking support from Fib level 0.618 and we can see a kind of cup and handle pattern in 2 hour candle too many bullish signals. Taking a long position and holding for sometime
HDFC bank has touched down it's trendline support and closed with a bullish candle in last hour. If it breaks last hour High and sustains above then we can go long for target of 1550. If it breaks down below today's low and retests and sustain then we can expect a fall to 1432 level
Banknifty has broken down a descending triangle pattern, in best case scenario there may a pullback up-to 35600 level so plan your exits from bank stocks accordingly. we can see a fall up-to 27500 in coming days. avoid buying until there is a proper formation of bullish reversal pattern
BTC is making reverse head and shoulder in Hourly chart along with that RSI convergence can be seen in oversold zone so Long positions can be initiated once it breaks out and sustain. use trailing SL to lock ur profits
BNF has broken down a rising wedge and retest is complete. now it has formed double top pattern and taking support at 35500. If it breaks this support Then we can expect another fall down of about 1000 points till next supports
BTCUSDT formed a falling wedge inside a rising channel and trading very near the support(already tested once). waiting for the breakout and planning to Enter a long position once it gives a breakout and retest. RSI is also very supportive for entering the long position.
Rising wedge is formed in Nifty Bank and RSI is also indicating Heavy divergence High risk takers can buy Jan 13 expiry Put and Low risk takers can go for Jan 20 expiry put for an expected fall of about 900 points