In Nifty an Inverted Head n Shoulder pattern was in
making but during formation of right shoulder
sellers have strong hand to curb the uptrend and
making a bearish flag.
if this H&S pattern fails (nifty closes below 17800) a very steep/fast and
big fall will be seen and nifty may touch 14200 n 12200
A Pattern called MEGA phone is about to breakdown. It may touch down 30600-31000.
After a consolidation a clear breakdown is expecting below 34000 with sl 34800 tgt 30600-31000.
This is for information only. Check your risk profile with your financial advisor before taking any trade prosition.
Bearish Flag (Inverted)
These three elements are integral for the bearish flag to occur:
The flagpole - the asset’s price must trade lower in a series of the higher highs and higher lows;
Flag - a consolidation must take place between two parallel trend lines in an uptrend;
A breakout or breakdown- a break of the supporting trend line signals the activation...
Head n Shoulder Pattern is formed and it is very result oriented. If price start trading below 3900 then a clear breakdown will be seen. It will start below 3900 with stop loss of 4700 (or 4500) with a target of 1700 nearly.
this analysis fails if price crosses above 4700. then this pattern will fail and an upside with very high target will appear.
Silver is trading between a range 5800 - 75000. Now it is heading upward to 75000. This time it will try to break this resistance and move higher to new uncharted territory to be in 6 figures.
so flow with the trend closing below 60000 will turn the trend neutral to bearish and below 58000 a very negative view for all long positions.
This is for information...
A clear breakdown is just happened below 5100 sl 5300 tgt 3700-3675.
Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have...
Nifty might consolidate for a longer period till it holds downside 17100 and upside 18400.
Above 18400 a big upside 20000 or more will be seen.
Below 17100 considerable downside 14400 or more will be seen.
Bearish Head n Shoulder Pattern is on breakdown point.
Below 935 a clear breakdown will be seen with sl 1084 (shoulder's high) tgt will be 600-575.
H & S pattern is very Reliable in giving target. But if it hits sl then upside will be very be sharp n fierce change the position accordingly..
Buy Bhel around 54-55 with Sl 47 for target of current high around 75-78 after that hold for 2-3 years a very decent return will be seen.
Disclaimer : Before taking any decision take advice from your financial expert for risk management.
chart is self explanatory. in Coming days will every dip should be a seen as buying opportunity. avoid penny or fundamentally weak stocks. Put more focus on govt. owned co. Railways, Electricity, Real estate, Metals n agri commodities, Hi-tech ind. etc.
A head n shoulder pattern is emerged in which if it goes down below 46300 then 3000 point means 43500 it it
goes above 48300 then 51400, 54500
wait for right moment to enter in a trade.
Buy above 48300 sl 46500 tgt 51500, 54500
sell below 46300 sl 47000 tgt 43500
Disclaimer : take proper advice from your financial expert before taking any trade n check your...