traderamit3107

traderamit3107

Reverse Head & Shoulder Pattern in ICICI Bank which means ICICI may get long for longer period.

traderamit3107

Chart suggest reliance is in bearish territory for short term. Broke the channel pattern, below 20 SMA and selling in stock from last 3 days. 2430-2440 is new buy level.

traderamit3107

Hi, Nifty broke the channel pattern and FII is selling so bear market is about to start. Only confirmation need is from Elliot wave theory which suggest 5th way high is 18900 which is yet to come. I could say 2 possibilities from here is 1) rebound to 18900 or 19000 (as per elliot) & than fall to 18200 2) Fall from here to 18200.

traderamit3107

If I compare the current pattern with past pattern than correction is coming.

traderamit3107

Next Resistance is at 17406, short from there for 17300