Stock respected weekly support area and 50WMA . Additionally stock formed weekly bullish Harami candle.
Weekly Dragonfly Doji Candle ( With small upper tail ) at support zone
Falling Wedge reversal pattern break out
Bearish Bat Harmonic Pattern on daily chart. Expected level 340-335 sl 360
LIC Housing finance made weekly hammer reversal candle near multiple support zone . Stock may show some strength above 640 level for next level of 660-688 sl will be 620
Historically two consecutive monthly bearish candle has resulted in further correct in market in short term.
Multi time frame Trading system using Fisher Transform indicator . Trend : Based on 1 hour chart , If Fisher ( Green line) above Trigger line (Red) , Trend is bullish and will look for long & vice versa. Look at Point A on below chart where Fisher line crossed Trigger line , hence Trend turn bullish. Entry : Once Trend is established I use 5 min chart for entry...
Bullish divergence on hourly chart around strong support level.
9710-9685 is important support level . Additionally 9663 is 61.8% Golden fibo support level . These levels can act as catalyst for rebound.
Jubilant Food : Good break out on hourly chart
Nifty spot on daily chart has witnessed some buying @ 9815 which is 50% fibo level & crucial for Bulls. Double bottom pattern on 15 min.
Bearish Engulfing pattern on weekly chart confirmed downtrend . Stock can be shorted during pullback at upper Bollinger Band on 1 hr chart @ 348
Bullish Shark Harmonic pattern on hourly chart. PRZ 9959-9940 below 9940 Nifty may slide to 9986-9874
Stock available at break out retest level
Cup and handle break out , cup length 30 rs
Hourly break out above 2700 for 2775-2800-2850
Bajaj Auto : All set to repeat history