For educational purpose A head and shoulders pattern has four components: 1. After long bullish trends, the price rises to a peak and subsequently declines to form a trough. 2. The price rises again to form a second high substantially above the initial peak and declines again. 3. The price rises a third time, but only to the first peak level, before declining...
Bullish Pennant Pattern is building : If Gold gives a breakout above 63300 then it may touch 70000 n more. If it goes below 61500 then upside will be restricted and a downside fall will start. The Bullish Pennant Pattern: The bullish pennant emerges post an uptrend, forming a small symmetrical triangle (the pennant) during consolidation. This pattern...
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For Wednesday 02-02-24 for Upside if Nifty Crosses above 21749 it may touch 21782 21834 21919 22057 22142 22279 for Downside if Nifty Crosses below 21645 it may touch 21612 21560 21475 21337 21252 21115 These are levels are generated on...
For educational purpose A head and shoulders pattern has four components: 1. After long bullish trends, the price rises to a peak and subsequently declines to form a trough. 2. The price rises again to form a second high substantially above the initial peak and declines again. 3. The price rises a third time, but only to the first peak level, before declining...
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For Wednesday 01-02-24 for Upside if Nifty Crosses above 21778 it may touch 21811 21865 21951 22091 22178 22317 for Downside if Nifty Crosses below 21672 it may touch 21639 21585 21499 21359 21272 21133 These are levels are generated...
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For Tuesday 31-01-24 for Upside if Nifty Crosses above 21583 it may touch 21620 21681 21779 21937 22035 22194 for Downside if Nifty Crosses below 21461 it may touch 21424 21363 21265 21107 21009 20850 These are levels are generated on...
For educational purpose A head and shoulders pattern has four components: 1. After long bullish trends, the price rises to a peak and subsequently declines to form a trough. 2. The price rises again to form a second high substantially above the initial peak and declines again. 3. The price rises a third time, but only to the first peak level, before declining...
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For Tuesday 30-01-24 for Upside if Nifty Crosses above 21798 it may touch 21825 21894 21991 22147 22244 22400 for Downside if Nifty Crosses below 21678 it may touch 21641 21582 21485 21329 21232 21076 These are levels are generated on...
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For Monday 29-01-24 for Upside if Nifty Crosses above 21404 it may touch 21436, 21487, 21571, 21706, 21789, 21924 for Downside if Nifty Crosses below 21300 it may touch 21268 21217 21133 20998 20915 20780 These are levels are generated on the basis on...
Nifty is in process of making Head & Shoulder Pattern If nifty Break Down Below 21400 then it may touch below levels Level 1 20500 Level 2 20100 All above assumptions goes wrong If Nifty goes above 21950 Nifty is showing Divergence so it means very likely it may touch aforesaid levels
Banknifty will confirm it's breakdown of H&S pattern by not closing above 47200. If unable to close strongly above it. Then a very bearish rally start then it may fall again upto 44000. If it closes above 48300 then a fast and furious rally upto 50200 level may reach in no time.
Here seems a Bull trap activated and heading towards breakdown below 33000. It means big weight IT companies will go to big profit booking.
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. Before taking...
Double bottom and a triangle pattern both are giving A short term bullish view on Gold upto 50600. And long term view is also very bullish may approach nearly previous high 5600.
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...