Nice pattern formation weekly time frame in nifty auto index; we can see upmove from here for apprx. 5000 points
Consolidation near weekly trend line As quarterly results are good; may have chances to break this trend line. Also good for long term
Monthly pole and flag pattern formation already broke and its all time high resistance 776 already tested. Move expected above 777.
Be alert as we can expect some profit booking tommorrow till 17630; Long player can add positions from 17630 if market takes U turn here.
On 29.10.2021 nifty breaks its short term trend in daily means its alert for long positions as nifty following parallel channel pattern everytime and based that nifty has achieved its target 17500~18500 after covid pandemic fall in year 2020 in weekly chart. Whereas it is following weekly trendline from near 17250~17350 that means nifty test this level for...
Pole and flag pattern in daily candle at CMP; looking bullish if breaks flag pattern ; target 1915, Stop Loss 1605 (P:L = 2:1)