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).
nifty is in 5th wave. from 9450 to 9928 a steep rise may be because of 5th wave a 250-300 points correction will be seen.
for educational purpose only - buy after a very big red candle near 63.25-63.50 with sl 63.15
for educational purpose only - techm is very near to buying area. 430-435 sl 425 tgt will be 470
for educational purpose on;y - nifty is expected to breakdown out of head n shoulder formation so short here with sl 9095 tgt 8815
for educational purpose only - It is early to say but a head & shoulder pattern is emerging. watch levels for long 21335 above this 22075 and for short 21800 below this 20100.
for educational purpose only - sell tatacomm below 725.5 sl 735 tgt 670
for educational purpose only - nifty (spot) below 9090 may touch 8712. this a weekly assumption sell on rise will be the right strategy.
for educational purpose only - m&m is making head & shoulder pattern short at 1298 sl 1318 tgt 1230
for educational purpose only - tatamotors after a downtrend a pullback rally just finised near 480 fib level = 0.382. so short 476 sl is 482 tgt 465-462
for educational purpose only - sell reliance below 1245 sl 1266 tgt 1211- 1180
for educational purpose only - it seems that axisbank is failing to hold the breakout so if it comes below 508 then go short with sl of 517 for tgt of 490.
for educational purpose only - india cement is completed head & shoulder pattern sl below 156 sl 161.15 tgt 140
for educational purpose only - havells having divergence in price and rsi despite rising price. sell below 445 sl 452 tgt 432
for educational purpose only - The pattern is a wadge at top. sell below 517 sl will be 527 tgt 490