Syengene has formed bearish Shark pattern on weekly time frame 776 is an important support at 0.5 Fib. Immediate target at 776. If it closes below 776 on week candle, then rest target to follow and could go down more till 400. Target1 - 776 Target2 & 3 - 736 / 680 Target4 & 5 - 515 / 400
ABFRL has formed Bullish Gar-Fly pattern. Rally will take it to 400 Target1: 335 / 345 Target2: 375 / 400
Bank nifty has shown diamond pattern breakdown at 50,400. It has major support on 49,671. If it is broken then further targets to follow as below based on diamond pattern, 49000 / 48200 / 47000 / 46500
Ashok Leyland has formed cypher pattern. Weekly close above 233 will confirm this pattern (at 0.5 Fib level) Weekly close above will take it to 300 with below targets, 250 / 280 / 300
LTIM has shown formation of Bullish BAT pattern. It has strong MACD and RSI trend followed by volume contribution. This will take it to new ATH 7700 with following targets; Tagrte1: 6400 / 6600 Target2: 7000 / 7300 Target3: 7700
Gold has formed Bearish Diamond pattern and there is a breakdown on day time frame. With this, Gold has potential for 8% correction up to 2430.
M_M has formed BAT pattern and it is ready for next levels. 3100 / 3200 / 3400 / 3600
Voltas had triple top breakdown and it will have possible following targets; 1620 / 1550 / 1525
Nifty has formed bearish shark. Based on current scenario it will have following levels. 23700 - 23500 - 23300 - 23000. It will touch 23,000.
Jio Finance has formed Bearish Cypher "W" Pattern This will take it to following targets 300 / 285 / 270
With the current situation of Nifty and Global market, Nifty has formed 5-0 pattern. There are following conditions that can lead Nifty towards 20,300 by end of June'25. There is a gap of 4th Dec'23 and potentially it can be filled. Target1; 21840 If Nifty close below 23250 on Week Time Frame Target2; 21000 and it will be strong support Target3; 20300 to...
Tata Power has formed "Bearish Wolfe wave - Three drive pattern" This has potential to bring down tata power to following targets. 360 - 335 - 300
Triangle pattern break out is evident on Crude Oil weekly time frame. It has potential to take Crude oil to $150 with Following targets, 90 / 95/ 105 / 120 / 130 / 150 #CrudeOil
Is it Another 20% correction on the card for HDFC Bank Rising wedge pattern indicates there is potential for following targets. 1590 / 1490 / 1380 by March-April 2025
Motherson is in the direction to form Cypher / Shark pattern. It has potential to reach till 120 levels on downside. Levels to follow as below, Target: 151 / 140 / 130 / 120
ABB has closed below 200 EMA on day time frame. It has next demand support at 6600 & 6300. Close below 6300 will confirm BAT pattern formation and this will lead to a correction up to 4400. Target: 6600 / 6300 / 5500 / 5000 / 4400
NMDC has crossed lakshman rekha line to confirm formation of Shark/cypher or 5-0 pattern. Close below 190 on weekly basis will take it to 150 /135.
BHEL has moved below 20 & 50 EMA. Also it has closed below Lakshman Rekha to confirm BAT pattern formation. Possible targets - 283 / 270 / 250 / 230.