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nifty50 - shark pattern

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adani

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On Monthly chart, as of now, Bearish Engulfing pattern can be seen, however the same will be confirmed at month end , if it see a close below 10404. ( Wait for it ). On Weekly Chart: There is a Bearish Enfulfing Pattern, followed by a gap down , the gap has not filled yet. The Same Gap may serve as Possible resistance - 10702-10736 . Since then weekly...

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From past three sessions , we have seen Index Forming Indecisive candle and in yesterday's session, it formed bearish Belt hold candle, witnessing selling pressure near 11100- 11120 levels. Following Bearish Belt Hold candle ,Index opened Gap- down ( approx 31 points) today. However it tried to recover and filled the gap created at the open, in the very first...

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NIFTY FIBONACCI CLUSTERS

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Fibonacci Clusters

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NIFTY 50 Hourly : First Hourly candle is a Bearish Belt hold candle which forms at all time highs resistance @10490. High Made today : 10494.4 Hence we have an intraday resistance @ 10494 levels. Support @ 10425-10420.

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In yesterday's session nifty formed a Bearish Engulfing Pattern , post that we have seen continuation down move in today's session. The Candle formed today is a bearish continuation candle , which closed near its low, the only thing to see that it formed a long upper shadow, which that buyers tried to push the prices higher but it met selling at higher levels,...

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Nifty is trading in an uptrending channel which somehow suggests a probability of Reciprocal ABCD pattern{ 1.168: .618} In today's session a bearish follow-up candle is formed, though the momentum of today session was not as strong as yesterday's If you could see the fall from 10500 levels, you may notice that , the prices are respecting every near term support,...

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INFY : Probabilty of Bat Pattern

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Nifty opened gap up Took resistance @ 10370 levels. Formed Hanging man with large wick... candle can be ignored as it is formed after short move. Note: Nifty did not made a high higher than the previous session, though it made a low below previous session. Today session suggesting that nifty might stay range bound for sometime. Hence one should wait for...

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TATAMOTORS

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In today's session a follow -up bearish candle has formed, which was quite expected on seeing strong Bearish engulfing in yesterday's session. If you look at candles, you could find that the today's momentum was bit less than the previous session, which suggests keeping near near term resistance levels in check, so that the further move can be tapped on the right...

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Index opened on a higher note, rallies to 10384 levels, but couldn't sustain, though its not able to break near term support 10350- 10340 and is trading in this small range . Considering the Bearish session of yesterday, if it sees a break below 10340 level, free fall can be seen till 10250 levels. Currently index is struggling near bull line of the Uptrending channel.

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Capacite Infra listing took around 399 level, but it fell sharply the very day on its listing and closed near 342 levels. However those applied in its IPO still made decent IPO as, IPO price was in Rs 245-250 band. Now , who have applied for the just listing gains, might have already booked their profit and ran out of the stock. But those applied for longer term...

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Three Falling Peak Pattern 1. This pattern is a pattern that signals change in current trend and start of new trend. 2. This pattern is explained by Thomas Bulkowski in his book " Encyclopedia of Chart Patterns " 3. This pattern is used to avoid creating long positions in stock that may enter in bear markets. Rules of this Pattern 1. There should be a...

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On weekly chart , we can see nifty trading in a range of about 500 points. ( 10140-10180 - 9680-9690 ) As long as it is trading in this range, expect lackluster moves.. If we look at the price action closely , it is observed that a potential peak had been formed at 10140 levels , from where index saw a sharp decline, though it took support near 9680 levels,...

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Trading in a up trending channel, looks like forming a flag pattern, seeing resisting at middle band of the channel.