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As you could see Green area in chart we had a bad crush in 2008-2009. After the fall Technically we saw a bull rally of 1.6 times of the fall and market made high of 9180 before having corrective move till previous high of 6200 which is also 38.2% of the bull rally which is drawn as white dotted line in Green area. Similarly, This time also as we can see the...

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A rising wedge pattern seen in the NIFTY chart clearly says that Nifty is trading at highest levels of the upper band and upside is limited till 10300. Firstly, Nifty will touch the lower band of the Rising wedge pattern & later can break also. Breaking lower side of Rising wedge can drag Nifty towards 10500 levels.

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Will take Resistance & fall or it will Continue it trade

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Gold prices have retrace and consolidated around 50% of prior rally. Multiple breakouts and formation suggest that we may see Gold higher till 48k by the current calendar year.

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As to my earlier view, we saw same pattern in Nifty. Similar to that is taking place in HDFC Bank as of now. HDFC Bank prices have corrected about 200 points from recent high's. Prices had taken support of ascending trend line around 1840. Since then prices are moving in range bound between 1936 - 1912. By drawing a trend line we can see that prices are forming...

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Nifty prices have corrected about 900 points from recent high's. Prices had taken support of ascending trend line around 10276. Since then prices are moving in range bound between 10300 - 10640. By drawing a trend line we can see that prices are forming an Inverted Pennant Pattern yet the breakout is still awaited. Breakout on lower side could take prices to...

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"Mirc Electronic" looks positive in Daily chart with forming Higher High's and Higher Low's. According to that the prices are having bull run. Now, going to Intraday 1 hour chart we can see that there is a Trend Line support at current market price indicating that prices may recover from current levels. Adding to that we, Secondly, Usage of Fib Retracement of very...

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As we can see that prices were in corrective mode since long time and it has been rising since couple of weeks. On weekly charts prices has tested the lower band of triangle and started recovering from bottom. Rsi Divergence also suggest that there is strength in Market and looks good on bottom of the chart. I do expect that if someone want to accumulate they can...

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Nifty is trading in rising wedge pattern since 2008. Since 2008, Nifty has taken support thrice of lower band in 2008,2013 and 2016 while resistance has been taken twice in 2007 and 2015. Nifty is trading near the higher band of Wedge and it is likely to take resistance for the third time since the pattern has been formed. If price takes resistance then we may see...

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Nifty is trading in rising wedge pattern since 2008. Prices have touched lower band trice in 2008, 2013 and 2016, while it has taken resistance twice of higher band in 2007 and 2015. Nifty index is trading near its resistance line of Rising wedge around 10140 levels. Continuation of this pattern suggest that Index is ready for a healthy correction. We can expect...

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First of all i don't know weather this pattern is true or not but i have seen good results in many charts so i am sharing it over hear. This is continues H&S pattern which shows that the prices will continue to follow its trend. For example IF prices have move from Level A TO B and forms a Reverse H&S Pattern at top of the trend and if it gives a breakout from...

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We have seen that the basic formation of Trend Analysis is Higher Top Higher Bottom formation & Lower Top Lower Bottom formation. Prices have recently corrected from his recent highs and it was shoot up yesterday with GOOD Volumes. If we judge it as Higher Top Higher Bottom formation we can see that Prices can make new highs above 337 or levels. If prices breaks...

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Looking at first glance, I can find that 1-2-3-4 Waves have been made and 5th is running. While The secondary waves has also been seen till yet. Expecting prices to trade higher till 5th wave near 92-93 and We can see primary corrective trend A-B-C till 80 or levels.

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Looking at first glance, I can find that 1-2-3-4 Waves have been made and 5th is runnning. While The secondary waves has also been seen till yet. Expecting prices to trade higher till 5th wave near 92-93 and We can see Primary corrective trend A-B-C till 80 or levels

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Cadila Health Care prices are forming FLAG Pattern and prices are expected to trade higher if prices are able to break & sustain above 455 levels. prices can trade higher till its pole size. As per the pattern we can expect prices to trade higher till 555 or levels.

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As its my personal view. I have seen that prices have made rounding bottom pattern and continuation pattern without correction can take prices higher till 1.618% Fib Retracement. If prices take correction from that prices may trade lower till 1.0% Fib Retracement. This is just for knowledge.

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We have seen that prices have formed XABCD pattern and prices have given a breakout from that pattern. Prices are had formed Rounding bottom and breakout without any correction in prices near its resistance. As prices haven't correct or consolidate prices gained further and took resistance near Fib Retracement of 1.618 and started corrected. Prices are in...

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After having an awesome movement, IDEA consolidated in narrow range. So the pattern which formed was FLAG. Recently prices have given an strong breakout from the pattern and likely to trade higher till 150 or levels which can also read as the size of pole.