nirmalmishra

nirmalmishra

Nifty seems to be on the verge of breakdown. It is frequently hitting the base of regression channel which is presently placed at about 17100. there is a trend line support at about 16900 and 38 W EMA is placed at 16813. This is the last hope. Rest is detailed at Chart. Disclaimer : This is for education purpose only.

nirmalmishra

Biocon has given breakout of Inverted head and shoulder pattern. VWMACD is also indicating starting of upmove. Immediate resistance trend line is placed at about 395, once it close above it , it can give good upmove. Rest is detailed at chart Disclaimer : This is for education purpose only.

nirmalmishra

ICICIpru is near to very crucial price level. Neckline of H&S pattern is placed at 539 while 533 is strong support . Any close below this level may drag it further with strong momentum. Rest is detailed at chart. let us wait disclaimer : this is for education purpose only

nirmalmishra

HCL tech has given breakout of inverted Head and shoulder pattern. if sustain , then can give very good return. rest is detailed over chart. Disclaimer : This is for educational purpose only

nirmalmishra

Nifty is following heavyweight reliance. it seems that both are under WXYXZ correction mode and last leg of correction (i.e. wave Z) is under progress. Sub wave (v) of Z may take reliance to 2220 level which is 255 DEMA ( acted as very strong support) and should complete the correction. After completion of this wave, the original trend which is uptrend , will...

nirmalmishra

As projected earlier, nifty already touched the sub 16600 level ( precisely 16410). as per present trend , It seems that wave z of WXYXZ correction is under progress and presently sub wave iv of Z is progressing. This sub-wave iv should terminate at around 17013 and sub-wave v would take nifty again towards 17500 level or below depending upon momentum and that...

nirmalmishra

As per present scenario, Corrective wave (WXY) is underway in the nifty . During corrective wave nifty has given move to the points, which are exact fibonacci retracement point. Like wave (b) of wave W has exactly retraced to 0.618 and the same is with wave X. with such precedent, it is most likely that nifty should touch 16605 which is 1.618 extension of wave w...

nirmalmishra

Glenmark is near very strong resistance of 541.0. once it taken off, it may give good up move. Coincidently its also at confluence of 100 and 200 DEMA . Daily closing above this level may lead to rally. Rest detailed at chart Disclaimer : This is for education purpose only

nirmalmishra

HDFC bank has very strong support at 200 DEMA. Moreover 9 DEMA is acting as strong resistance since its started retracement. once it breaks on either side , it will move decisively. if goes upward, then any closing above the 50 hrs EMA ( or 9 DEMA), should be considered break out. if it breakdown the 200 DEMA , then there should be decisive downward move ....

nirmalmishra

zeel has given breakout of ascending triangle. it should move towards 380 as per pattern. rest detailed at chart. disclaimer : This is for educational purpose only.

nirmalmishra

Breakout of IHS pattern as well as rising channel on weekly chart. Should head towards its all time high of 974. RSI on weekly chart is about 70, indicating strong momentum. Disclaimer : for education purpose only

nirmalmishra

IHS pattern is formed in indus tower and expected to break out the neckline soon. major upmove expected thereafter. disclaimer : for education purpose only

nirmalmishra

Breakout of IHS pattern on 15 min chart. after breakout re-test of neck line done. should move towards 168 level where another major resistance exists disclaimer : view is only for education purpose .

nirmalmishra Updated 

Bharti Airtel has given trend line breakout. Additionally it about the break the neck line of Inverted H& S pattern. After Neck line breakout and retest of Neckline, it will move towards 595. Rest is described on cahrt Disclaimer : This is for education purpose only

nirmalmishra

PNB has given breakout ( double bottom pattern as well as long term trend line) on daily chart . This breakout is supported with huge volume . post breakout, it has tested the support and ready for fresh upmove. Minimum upisde should be about Rs 50 Disclaimer : for education purpose only

nirmalmishra Updated 

as per elliot wave count , it seems that corrective wave 4 ( which is a triangle) has been completed and wave 5 has started. it should head towards 150 plus and if market supports then may be near 200. rest is detailed on chart disclaimer : for education purpose only

nirmalmishra

It seems that wave c of ABC correction started in bank nifty which may lead it to 28175 to 27500 level. rest explained on charts disclaimer : for education purpose only

nirmalmishra

Infratel can give big upmove once closes above 225 (on DCB). Rest explained on chart. (For education purpose only)