maneeshaggarwal

Maruti : A Broadening Wedge Pattern is seen Until it crosses above 8070. After breaking 7700 it will move downward to 7180-7150. Minor pullback will appear.

Banknifty is going under Lower Highs and Lower Lows formation. So below 23700 it will speedup to reach 22300.

Nifty - Head & Shoulder pattern formation It will go down making lower Highs and lower lows formation. Just beware of nifty 10070. It will the last level for downtrend.

A very large movement in both side is expected. There is kind of H&S pattern is under formation. So if Nifty 0.30% crosses above 10180 then a blast move will be seen. Or if it goes down to 9900 and comes back and crosses 10145 then it will going to break all previous highs to 11150.

a pullback from 300-295 upto 312-316 for shorting sl 324 tgt1 292 tgt2 280

Nifty is may seen a pullback upto 9801-9811 or 9880-9900 for shorting . A double top formation will be confirmed below 9680. then the target of 9200-9150.

A bounce back upto 325.25-326.24 will be a great opportunity for shorting with sl 328.60 to get a good reward tgt 1 316 tgt 2 309 If it crosses above 330.5 then buy with sl 326 to tgt 1 339 tgt 348

A Head n Shoulder pattern is under formation. above 336 it is negated and below 326 tgt 317 with sl of 331

If Nifty closes below 9935 then a confirmed breakdown and bull trap strategy is happening. It may drop to 9700 - 9400. A Double Top formation may occur. If Nifty closes above 10150 then 10400-1070 will be seen.

nifty is going without conviction RSI and MACD is giving WEAKNESS signal and a DOUBLE TOP or Elliot Wave 5-A-B formation until it crosses 10138 with huge volume. Sell Below 9950. If it happens means a BULL TRAP is progressing. Watch Level 9950.

Maruti is showing a formation of Double top because Price and RSI are diverging. With volumes are decreasing. Sell below 7735 with sl of 7855 tgt 7500.

USD:INR is in a downtrend so on every rise 2%-3% sell on rise strategy wil work very good with a good stop loss. In my view it is going down between 58.50-58.00

Short Below 9940 tgt 1 9856 tgt 2 9925 tgt3 9894 sl will be 9968 and change accordingly trend following in profit protection. If in any case 9840 hits then keep short position with higher stoploss to gain more profit .

usd will resume downtrend below 63.38 upto 60.35 this will be negated above 65.00

nifty will be in downtrend below 9800 with tgt 9400-9350 sl 9926. a fibonaci level of 9300 is seems approaching for a trend of 7900-10137.

Diamond Pattern downtrend starts at 9855 ---- stop loss will be 9905 ---- tgt 9717-9680 The diamond top and bottom are reversal patterns. It represents a rally to a new high with a drop to a support level followed by a rally to make a new high and a quick decline, breaking the support level to make a higher low. The bounce from the higher low is then followed...

TRI STAR PATTERN A RARE BUT POWERFUL TREND REVERSAL PATTERN. IF CLOSES ABOVE 9928 IT FAILS.

NIFTY IS IN CORRECTIVE WAVE A-B-C. ALL CORRECTIVE GOES WRONG IF NIFTY CLOSES ABOVE 9928 (spot).