adarsh_B

adarsh_B

SGX nifty has been in a triangle pattern forming a rinsing wedge. A rising wedge usually turns out to be a breakdown. The current scenario is a pretty confusing one as the prevailing situation are not favourable but in option chain analysis the market seems to be bullish. Likely to be a good watch this week in Nifty to understand correct move. RSI always above 70...

adarsh_B

Hindustan unilever after its breakdown earlier has formed a triangle pattern and is moving in it, a downward trend could be seen. It might also break the trend in few days and show a upward or downward trend. PS: Trade at your own risk.

adarsh_B

The Weekly chart of Motherson sumi is forming a rising wedge pattern and might show a breakout soon. The way it is being trading and the formation of doji candle on monthly charts shows that it might breakdown. PS: I am a new trader, please seek financial advisor guidance and trade at your own risk. All views are highly appreciated.