Deepak nitrite is forming head & shoulders pattern. According to pattern and Support levels we can expect Target levels as
It also forming Flag & pole in 1 month chart if it break Flag
1. There is Gap between 1950-1900
2. In covid time it fell 42%. In our targets from 52 week high...
Negative trend has started in Global markets, Fed interest rates hike, raising crude oil prices, end of bull rallies making NIFTY bearish.
Nifty is forming head & shoulders pattern according to it we can expect targets as
Target1 : 16000
Target2 : 15500
In 1 Month chart we can see Nifty is forming Flag & pole if it break flag
IEX is forming Head and shoulders pattern. It is taking support at 100EMA if it break 230 level according to Head & shoulders pattern and support levels we can expect targets as
It broke the trendline of 1sep-20Dec and it is also forming bearish flag and pole pattern
Pole Target :206
Looks like CANARA BANK is going to give multi year trendline breakout(2010-2017-2022). It also formed inverted head and shoulders pattern. Banks are also posting good results , if budget(01-02-2022) is positive we can see breakout soon.
Target according Head and shoulders length
Target1 : 251
MACD : Positive
JUBLFOOD looking bearish as it broke neckline on 17Dec according to Chart and Head and shoulder pattern
1 . Target1 :3280-3210(Can be expected)
2 . Target2 :2700-2660(In worst case)
3 . It has to fill Gap of 120Rs around 3205-3090.
4 . Broke 200EMA on Daily chart