Banknifty has formed double top and a symmetrical triangle pattern on 15mins TF and hrly TF. Even on Daily TF it has formed Double Top. Closing below 42466 can lead to more weakness.
Nifty has formed double top pattern on hrly TF. breakdown of 18225 can give a downward movement of 150-170 points. If Nifty manages to close below the demand zone around 18040 expect more weakness.
Banknifty is moving in a triangle pattern in hrly TF. breakout on the either side is expected to give movement of 700-750 points. White lines are the pivot zone. Upside targets are the green lines. Downside targets are the red lines.
Nifty is moving in a parallel channel in 15mins TF. White lines are the pivot zone. Upside targets are the green lines and downside targets are the red lines.
levels are working perfectly. once the yellow line is taken on the downside expect the low of 5/5/2023. keep trailing SL
white lines are the pivot zones. Upside targets are the green lines and downside targets are the red lines. if price sustains below 42877 for 30mins or so , expect gap filling.
Nifty is forming a Head & Shoulder pattern on 15mins TF. White Lines are the pivot zones. Upside targets are the green lines and downside targets are the red lines.
Banknifty intraday levels for 5th May '23. White lines are the pivot Zones. Upside targets are the green lines and downside targets the red lines.
Nifty intraday levels for 5th May. White lines are the pivot zones. Upside targets are the green lines and downside targets are the red lines.
Axis bank is moving in a Parallel channel in a daily TF. breakdown can lead it to fall below 830.
Dow Jones couldn't break the Inverse Head and Shoulder formed on daily TF. now has formed Double Top. A daily candle closing below the white cline can give the 2 targets on the downside marked with red line. For aggressive traders an hrly candle closing below the white line can go for shorts.
Banknifty levels for intraday- white lines are the Pivot Zone. Upside targets are the green lines and downside targets are the red lines.
Nifty intraday levels - White lines are the pivot zone. Upside targets are the green lines and downside targets are the red lines. On daily TF Nifty has formed a Evening star Candle stick pattern. for positional view one can short below the low of 3rd may candle with the sl of daily candle closing above the 2nd may candle.
Banknifty has also formed Inverse Head & Shoulder pattern on Daily TF. and the breakout is also done. the height of the pattern is approx 3000 points. Green lines are the Imp Resistances on the upside Journey.
Nifty on Daily TF formed Inverse Head & Shoulder, breakout of which happened on 27th April '23. the expected target for the pattern is the Pink Line (987 points from the neckline). One can figure out 3 patterns 1. Inverse H S 2. Cup and Handle 3. Bull Pole and Flag Pattern. On the upside journey, green lines ae the major resistances.
Nifty has formed a Rising Wedge pattern on hrly TF. Enter at the low of the breakdown candle with the sl of high of the breakdown candle for the tgts 17576 and below.
Nifty forming Double top in 5/15 mins TF. can short below 17749 for 40-50 points on the downside.
Last week a bearish engulfing candle was formed on nifty. Nifty on weekly TF looks to be preparing for the H&S pattern. once the neckline which is around 16870 is breached, the H&S will be activated and one can go short with the sl of high of the breakdown candle. for the tgt equal to the height of the head from the neckline which is approx 2,000 points in this...