Bharath-akash

Bharath-akash

Time to rise as trend rises! Psychological plays along with Technical. Slabs of trend shows a clear resolution of temporal.

Bharath-akash

As of trend and chart pattern analysis: Shows 3 resistance push as downtrend. Formation of LH's and LL's at down trend line. Fibo retests at the level 38% and 50% BoS confirmation and now it's time for 61% retest/pullback after breakout. So these many confluence shows bearish sign momentum towards 138% price level as first Target.

Bharath-akash

Blue arrow reps up rally and red reps down rally! Resist brokes follow blue. Support brokes follow red.

Bharath-akash

So most of the investtors/trader mind of view is on bullish side. On looking the 1W chart, so basically trend following should need atleast 3 touch points, whereas in 1w chart it has only two touch points, if you noted correctly. So, guys please wait for the 3rd touch point and trade Long. 3rd point may occur at 38% of fibbo level, also marked it. It may touch and...

Bharath-akash

Confluence factors: 1W downtrend resisted the price and reverse occured. Formation of inverted pole and flag. Final yet to occur once fibo retracement and along flag gets break can lead to short options.

Bharath-akash

If current week candle breaks 804 price and closes above, Expect the price to be on 888-891 strong side by November.

Bharath-akash

So Folks, Here we looking at the 1W/1M downtrend line has been tested more than twice and now it's time for momentum! Once the consolidation done over 65-71 range and if 71 price get breaks and closed by a bull, can expect for momentum swing upto 94 as first target!

Bharath-akash

Banknifty rapidly shows us the bearish point of view with respect to; 1.Trend break 2.Quisimo pattern 3.Pole n flag formation on downtrend 4. Finally fibo retrace at 50%

Bharath-akash

1D TF clearly shows the Flag n Pole pattern in Mrf either it can be converted into long or short once breakout or breakdown happens!