silver formed bearish harmonic pattern in its weekly chart and trading above its over bought region in RSI ... Short Silver at 17.10-17.50 for the target of 16.11 and 15.26 with the sl of 18.60
wipro is found with the bearish butterfly in weekly charts and also trading above all its EMA and also indicated the over bought position in RSI AND STOCHASTIC.
SELL WIPRO @ CMP 377.45
Target of 312 and 270.85
stoploss-400
Bank nifty has been confirmed with the pattern of haedand shoulder ,it has been tested its right shoulder @ 27675 .
sell bank nifty for the target of 24580. with the stop loss 27900
Tata Motors is looking like a bullish bat pattern & touches it oversold period in RSI Indicator in both monthly and weekly charts and trading below all its exponential moving averages
Buy Tata Motors for the target of 305 & 415 with the stop loss of 125 for the period of 6-9 months.
nifty is looking to creation of right shoulder in the weekly charts and testing the level @ 11100-11150 and looking to be bearish as per Head and shoulder pattern.
sell nifty @11150 with the stop loss of 11410 for the target of 10680-10380-9970 by upcoming weeks
Eicher motor is looking like creating a bulling morning star candle pattern in its weekly charts and also touches its double bottom level and expected to rebounce from
this current market level and found its immediate support around 18000 level.
from the Fibonacci retrenchment we can expect the upside target of 25400...
Time frame-8-12 weeks.
bank nifty showing that it has the strong immediate support @27150 on its daily charts and closed above its 21days EMA @ 27136 and framed it on lower on low and its expected to bounce back upto 27800 with in two days. hence buy bank nifty for the target for 27800.
