BankNifty has formed parallel channel and expecting to reach R4 in upcoming weeks
USOIL 4 hours pattern formation on 28/07/2020
Market Analysis : Yesterday evening around 7:30 PM most of the retail traders who trades in commodity segment (Crude Oil) would have been taken sell call after 4 hours support channel broken and they were expecting market will fall heavily but market has taken support from 40.47 and reversed because of another support channel which i mentioned in chart
USOil Ascending triangle pattern formation in 15 mins TF. Based on breakout either we can go for Long or Short and First target is given in chart
USOil 4 hours triangle pattern formation
USOil strong 4 hours support broken
Reason for sudden downtrend : USOil parallel channel breakdown in 15 mins time frame
USOil Ascending Triangle pattern breakout in 15 mins time frame
Market Analysis : USOil forms Lower High & Lower Low pattern in 15 mins time frame.
Reason for crude movement towards upside direction : 15 Mins triangle pattern breakout and achieved first target
US Oil chart formed Higher High and Higher Low formation after 8 PM
Market Analysis : Bank Nifty has formed parallel channel in 4 hours time frame. Expecting Banknifty to reach Resistance 4 and return back to Support Zone
Market Analysis : USOil formed Symmetrical triangle pattern on 4 hours time frame. Expecting it to be reverse and touch S3 support zone in upcoming days
Market Analysis - Ascending triangle pattern formation in 30 mins time frame
Market Analysis : Axis bank Symmetrical triangle breakout in 30 mins time frame. Target and Stop Loss given in the chart. Go for long based on your risk reward ratio