Nifty forming Head and Shoulders pattern
My view of nifty 50 of upcoming weeks
HI FRIENDS I FOUND A BEARISH BUTTERFLY IN NIFTY FIFTY BUT ONE PROBLEM IN THIS BUTTERFLY IN B IS NOT .78 BUT IT IS AROUND .71 SO BE CAREFUL TO TAKE LONG IN MY VIEW THIS FULLY TRAPPING ZONE MY TARGET IN NIFTY OF UPCOMING MONTHS IS NEAR ABOUT 10000
In My view This wave is making extended flat at wave 4 and between 12100 to 12200 is completing main wave B and its next lag wave C is come down around 10600 to 10500
This is nifty chart In my view Nifty stuck at between 200 point upper band is 850 and lower band is 650 so watch these level if break give a big move both side But in view there is big chance to Nifty break his lower band because in indicator shows clear divergence and price momentum goes weaker Nifty PE around 29 and it is all time high and also nifty lose his...
Banknifty starting a downward trend in my daily as well as 30 min chart for making a good money short banknifty at current price with stop loss 31500 at intraday closing level with target 29500
I see at 30 min chart NITFY face resistance in upper trend line and brake his support in lower trend line so as per my view maybe retest his old low and fill his gape