Symmetrical Triangle break out above 928
Bank Nifty spot : Consolidation on hourly chart. Range extension above 25384 for 25518 whereas below 25248 next level could be 25082
10266 may act as small hurdle for Nifty . Any pull back toward 10222 could be a good entry point for next level of 10329.
On verge of cup and hnadle pattern break out
Mind Tree :High Volume break out after 56 weeks of consolidation
Tata Power :Good response by buyers at break out retest level .
Demand emerged at 200 SMA and stock closed by making Bullish Engulfing reversal candle.
Doji at confluence of support zone and 200SMA.
In most of cases Divergence on hourly chart is first indication of Trend reversal .
In first attempt bulls managed to save 10090 on closing basis .Even bullish divergence seen on hourly chart. Tommorow being event day is real test for bulls . Above 10150 Bulls may take Nifty to 10250-10260 where as below 10068 Bears may drag Nifty to 10008-9960
Zeel : Stock available at break out retest level . Stock fell on reducing volume indicating low commitment of Sellers at this level.
Bullish Gartley Harmonic Pattern PRZ 703.6
After making lower high @10407 any close below 10090 will confirm Lower high & Lower Low formation . Bearish Bat harmonic pattern also in progress. Below 10090 Nifty may take support @9910 which is upper PRZ of bat pattern ( 161.8% BC projection ) and final support @9770 Lower PRZ ( 88.6 % of XA leg ). Bulls need to defend 10090 for any possible recovery .
Crude oil : Bullish Trend in short and medium term & took trend line support. Expecting 58-58.3$ Bearish Trend : below 56.8 $
FSL in Up trend and took support @ 38.2 % fibo support . Trend may turn bearish below 40.8
Value migrating higher . Stock may see 678-698 level . Pattern failure below 654.
Break out from Rectangular pattern within Symmetrical Triangle
Clean break out on daily chart