Asimrichie

Asimrichie

price has been hovering in a a range for sometime before the last high made was on june 11th when ti touched 2879 and a low was made on june 22nd when it was 2115 since then price has moved up but has made a lower high of 2637 on 3rd july and now is trading around 2550 giving a classic bear flag appearance to the structure if the price breaks down below 2480 then...

Asimrichie Updated 

ETH has formed H&S pattern on 1 hr time frame with neckline at 2525 which just got breached targets for this could be 2480 final target 2415 structure would become invalid if 2575 is crossed and ETH sustains above that for now its bearish and a decisive break below 2500 will result in further long unwinding and creating a cascading downward move

Asimrichie Updated 

ETH has formed head and shoulder on 1 hr time frame if it decisively breaks 2525 and moves down the expected target of 2415 may be possible this H&S will become invalid if ETH stays above 2575-2585 then we can expect elliot wave 5 on shorter time frame to come into play which would set targets for 2710-2850 extension of wave 5 can be upto 3050....should 2410 be...

Asimrichie Updated 

ETH has fallen from its recent high of 2879 to present levels of 2184 it has formed an anti butterfly pattern this is a good demand zone we can expect an up move from here targets and stop loss mentioned on the chart

Asimrichie Updated 

Based on recent price action if Nifty 50 hold 22350-22450 range then we can expect the market to Rally further one can enter a buy position above 22505-22535 which can give immediate move to 22600-22700 break above this will take nifty to the levels mentioned in the charts these are positional levels and not intraday

Asimrichie Updated 

Nifty has retraced form the recent lows of 21964 and has formed a high of 22676 we did see an up move today but in order for this move to sustain Nifty needs to trade above 22550 for 1 hour if it breaks the 22480-22450 zone we may see Nifty falling to the new levels mentioned in the chart as of now the chart appears to bearish in nature

Asimrichie Updated 

Bank Nifty is forming head and shoulder pattern on daily time frame if it fails to maintain above 44500 levels then we may see further break down in bank nifty with possible targets of 43939 and second target could be 43479, Bank Nifty will only be positive above 45000 levels if bank nifty sustains above this level for 30mins then we may see it move to 45330 and...

Asimrichie Updated 

FinNifty has formed a bearish pattern on 1 hour time frame one can take a short position if Finnifty trade below 20025 on a 15 mins time frame for targets mentioned on the chart

Asimrichie Updated 

Nifty has formed a cup and handel pattern on 1 hour time frame the possibility of Nifty touching 19564-19580 in the coming trading sessions is very high should Nifty trade below 19422-19400 levels on 1 hour time frame then we may see it approach 19330 levels and below 19300 it may test 19250-19230 levels

Asimrichie Updated 

Nifty is forming a rounding pattern on daily and weekly time frame also its has formed a nen star harmonic pattern the possibility of Nifty going to 19480 level this week cannot be ruled out with maximum upside for the july series could be around 19700 levels but there will be certain level of retracement in which if Nifty trades below 19019-18960 on a daily...

Asimrichie Updated 

Bank nifty has been trading in a range for past couple of weeks today it has formed a W pattern on 1 hour time frame it may again test the 44050-44150 zone if it is able to break this level then it may hit 44500-44670 in the coming trading sessions

Asimrichie

Nifty is forming a rounding pattern on 1 hr time frame if it comes down to fill the gap it may reverse from 18580-18590 levels to hit all time high if it falls below 18580 then we may see it head to 18500 and even lower as there would be huge unwinding in the put side resulting is sharp down move

Asimrichie

It appears that Nifty is forming a Head and Shoulder pattern on 1 hr time frame the pattern may get negated if the high of 18777 is broken but for now it appears that nifty is in the process of forming head and shoulder should this pattern be formed then we can see a break down in Nifty to the levels of 17950-18000 in coming days

Asimrichie

with each passing day Nifty is showing signs of weakness the formation of a 'M' pattern which is also a double top is a bearish sign which is now clearly seen on 1 hour time frame this is further confirmation of weakness in Nifty there is a high possibility of Nifty breaking 18500 and heading down to its major support of 18000 in coming days, it is time to book...

Asimrichie

Nifty is clearly forming an ascending wedge pattern on the 4hr time frame once the lower trend line is broken we may see a huge fall in Nifty

Asimrichie

It appears that Nifty has formed a Diamond top this kind of pattern is an indication for trend reversal there is a big possibility of Nifty falling from these levels

Asimrichie Updated 

Bank nifty is trading above major resistances and is in uptrend there is a high probability of the trend continuation this week as well with minor profit booking the targets mentioned in the chart hold good for this week as long as Bank nifty is trading above 43000 level we can expect an upside move, should there be a breakdown below 43000 level and Bank Nifty...

Asimrichie

Bank nifty is forming an ascending wedge pattern on monthly time frame if the lower trend line is broken expect a huge fall in Bank Nifty