1)Please find the attached chart for daily time frame. 2)divergence seen in hourly time frame. 3)some appreciable move expected from yes bank. 4)downward movement expected.
1)CAN APOLLO HOSPITAL TOUCH THE UPPER TREND LINE? 2)LET US SEE TOMORROW.
1)On weekly basis nifty has formed inside bar low of which is 10901 and high 11145. 2)On daily basis nifty has entered in to the congestion zone squeezed by support and resistance in 60 minutes chart it is more visible. 3)on the last trading day nifty has formed long legged doji, price action has pushed up from low level. 4)nifty has strong support at 10996-10886...
It seems adani reversing from prz zone. please see also my attached file.
Nifty has positively closed above 11966. next nifty faces resistance at 11085. If succeeds nifty can touch 11275. Bears have to pack their baggage temporarily
LET US SEE IF BREAK OUT TODAY HIGH CONVICTION NEEDED
BUT HOWEVER FORMING BULLISH ENGULFING
yesterday was NR7 day for nifty appreciable move expected from nifty today
1) DEFYING EVERY THING NIFTY LANDS PRECISELY AT PLACE FOR IT DETERMINED EARLIER(please watch my post of 24/07/2019 attached here with) 2)NEAR TERM REVERSAL SEEMS LIKELY. 3)IF NOT AT THIS CYPHER PATTERN MAY BE NEXT SHARK PATTERN. 4)MAY BE SOME THING WILL COME OUT TO STOP RELENTLESS SELLING OF FI. 5)LET US WATCH EAGERLY NEXT MOVE OF NIFTY.
FOR TARGET 1 AND TARGET 2 TREND LINE IS DERIVED FROM 15 MINUTER TIME INTERVAL STOP LOSS MUST BE NIFTY LOW OF 02/08/2009 IF STOP LOSS IS HIT LOWER LEVEL LIKE 10720 MAY BE POSSIBLE. LET US SEE IN WHICH DIRECTION NIFTY MOVES. WILL UPDATE SOON IF ANY REVERSAL TAKES PLACE.
1 ) NO 1 BAR ID MOTHER BAR OF NO 2. 2) NO 2 BAR IS MOTHER BAR OF NO 3 AND 4. 3)NO 4 BAR IS A SQUEEZED BAR. 4) EXPECTED BREAK OUT OR BREAK DOWN OF THIS CONSOLIDATION IN COMING DAYS. 5) WHILE CONSIDERING BAR 1 IT IS BEARISH BAR INDICATING DOWN TREND OR TREND REVERSAL OF ITS PREVIOUS TWO BARS. 6) INSIDE BAR TRADING TECHNIQUE MAY BE APPLIED HERE WITH PROPER STOP...