1. AB=CD PATTERN FORMING 2. ASCENDING TRIANGLE FORMING 3. RSI DIVERGENCE.
Follow today's high. For further Trading, this shouldn't be break
TAKE LONG POSITION ABOVE 485....... A GOOD RECTANGULAR BREAKOUT MIGHT BE SEEN & TARGET UP TO 505
1. MACD DIVERGENCE . 2. GOOD VOLUME. 3. PARALLEL CHANEL BREAKOUT . 4 .TRADE ABOVE 355 ,TARGET 365 ,SL 350
TRADE ABOVE 520 FOR TARGET 545 KEEPING STOP-LOSS 505. MACD divergence is noticed near crucial resistant area on Parallel Chanel .
FOLLOW THE SYSTEM AS YOUR KNOWLEDGE
ON HOURLY CHART, IT'S GROWING ON BAT PATTERN
First hour ,355 level should be watched carefully.
STOP BELOW 336 CAN CHECK 328 ,KEEPING SL 340
Trading reason, 1). forming bullish gartley pattern.
there are some following points.... 1). Retracing 61.8% fibo level . 2). Confirming OBV breakout . 3). Forming a bullish ascending chart pattern . NOW target is about 530 to 540 , trade after close above 500 , stop loss 480
it's forming an increasing Fibonacci channel. just waiting for breakout above 61.8 level NSE:BAJFINANCE