vaibhav14476

vaibhav14476

on hourly chart of nifty index, we can see that the inde is trading in the last wave of inverse H&S pattern. It is very near to the neckline which is situated at 14900 around. If price cross it northwards & sustain there , then it can move upward till 15300 round with some resistance of prior highs. If rejected at neckline , then vertical fall can be expected.

vaibhav14476

From 31st July 2020 till today bank nifty is moving within an ascending channel. On many occasions price respected resistance line and support line of the channel. Just now it kissed the support line and turn upward. Now we can expect movement towards resistance line of the mentioned ascending channel. As a result we are heading towards new high of bank nifty....

vaibhav14476

If price sustain above R line of wedge .... there are 3 targets mentioned in hourly chart

vaibhav14476

NIFTY can bounce back towards new high from here

vaibhav14476

Index is trading at 4 m9nth support line. Can take support here.

vaibhav14476

everything is in vedio

vaibhav14476

CUB price is in flag pattern on hourly chart. Flag pole is in place and final portion of the pattern is in progress. Price is falling making a wedge & taken support from supportline ( black ).

vaibhav14476

CUB price is moving in falling/bull wedge on hourly chart. Breakout should be upward as a textbook rule. Target can be prior high , which is around 190. Can trade only after valid breakout.

vaibhav14476

Price is trading within the coil. About to breakout. Watch carefully & trade only after breakout from coil. This is hourly chart ... can use this idea only for short term

vaibhav14476

On weekly chart price is in symmetrical triangle but on lesser time frame chart price reversed upward and moving upward in a ascending channel. there is descending resistance line placed around 1540. If price cross it upwards then prior high's 1600 & 1640 are next resistance . Looking at ascending channel .... price should cross all hurdles in its upward journey.

vaibhav14476

From 6th Jan onwards GoldM price is in falling wedge. Wait for breakout ...... price should go up after breakout

vaibhav14476

As shown on Bata india weekly chart, bearish diamond top formation is going on. As its name suggests .. it is bearish pattern. But price can again go up to resistance line ( 1600 ) and again move towards resistance line.

vaibhav14476

Below neckline .. price can go to meet supportline of ascending channel. You can see that channel on daily chart very easily. Strong support is there. Nothing to say more about this. Idea is valid .... only after breach of neckline.

vaibhav14476

Bull wedge on hourly chart. 1,2,3,4,5 done. Expect min tgt of 1600 after breakout. Please note that ... there is no H & S on daily chart. It already ends on 11th Feb. It proves failed pattern because today is 25th feb and price is above neckline. so wait for breakout and enjoy.

vaibhav14476

As shown in daily chart of bank nifty index, there is ascending channel & price took resistance at R line ... moves downwards. Next support is support line only. no prior low support is there.

vaibhav14476

On monthly chart, bank nifty index is on the 6 year long resistance line. I am not predicting that it will go down or up. But as a trader or investor ,one should think upon this reality. Often we study charts on hourly or daily timeframes and miss big patterns on monthly charts. Please share me your views on this resistance line and expected future movement of the index.

vaibhav14476

On Tata Steel hourly chart, ascending triangle is about to breakout. As per text book rule this pattern breaks out northwards. In this case of Tata Steel, There is no space remain in triangle for price to move. Rally in stock market itself push price out of the pattern on upward side. fundamentally, no bad news about sector or about this company is in the air. So...

vaibhav14476

As shown in the chart, price closed above the resistance line of the ascending megaphone. Typically, this pattern gives downward breakout but in this bull run, it gave upward breakout. No matter, weather it is regular breakout or failure of pattern ...... close above breakout is there. target is near the magic figure Rs 100.