Dow jones bullish AB = CD pattern formation ,, also trend study and RSI divergence,, indicated good bullish move can be seen
Hdfc bank spot cmp 1040 Bullish AB = CD pattern formation PRZ in range 1022 to 1029 Pattern violation at 1000 levels Upside levels of 1055,,1070..1100 can be seen
Bajaj finance spot cmp 3090 Bullish AB= CD pattern formation PRZ at 3080-3070 pattern violation below 3050 once sustain below this levels for 15 mins
pvt bank index we can see trend change at per cyclic pattern formation
Nifty spot cmp 11160 Bullish gartley formation , PRZ in range 11090 to 11010 view gets negated below 10955 upside nearest resistance around 11286 levels,, crossing above would lead index to 11360,, 11590 levels..
Maruti spot cmp 7150 Bearish bat pattern formation PRZ range 7150 to 7230 view gets negated above 7350 on closing basis down side 6900-6700-6500 possible
Adani ent cmp 293 Ascending wedge pattern Gann fann resistance , confluence at same zone Good to go short in range 300 to 320 View gets violated above 330 levels on closing basis Down side 255-240-221 levels possible. Rsi indicator overbought and around historical resistance levels.
Nifty spot cmp 11604 Inverse head and should pattern formation. buying range 11570 to 11605 view gets violated below 11550 levels risk of 20 to 60 points targets will be 11700-11750-11800-11850-11900-11950..
Cipla spot cmp 745 760 to 790 good range to go short view gets negated above 820 levels on closing basis.. More details on charts of patterns and trend.
Bata cmp 1330 Bearish bat pattern formation (pre assumption) Bearish AB = CD pattern formation ( pre assumption) Symmetrical triangle pattern formation,, 48 trading days time cycle,, Buy around 1300 levels or safe buy above 1370 levels,, view gets negated below 1260 levels,,, up side 1450-1500-1550-1600-1650-1700
Reliance cmp 2318 Rising trend line resistance counter gave breakout from cup and handle pattern with cup height of 735 points and after breakout today counter have completed up move of 735 points this might also mature the up move price making higher high,, rsi making lower high bearish divergence. from recent bottom of 867 counter took 85 days to reach previous...
Zee counter have formed bearish gartley fomation with negative divergence on RSI indicator,, can be shorted in PRZ zone,, with stoploss of 2% above prz levels
bank nifty trading in expanding wedge pattern and currently around support trendline,, in smaller time frame index is over sold,, most heavy weight banks are overs sold with positive divergence in RSI , look for good buying opportunity,, ready for bounce of 1000 to 1500 points
Bajaj finance bullish gartley formation prz in range 3395 to 3369 pattern violation below 3350 upside open targets
Tata steel is clearly trading in falling channel pattern since last 15 months,, currently counter is trading around resistance trend line of falling channel pattern also counter is following perfect time cycle of 245 days every 245 days counter tends to touch resistance line of falling channel pattern and again start it journey towards south,, view gets negated...
Hero moto counter on 15 min time frame have completed Head and Shoulder pattern. counter have given breakdown from neckline support with large bearish candle and huge volumes,, generally head and shoulder patterns are found around peak area,, so this can be peak for the counter and good reversal can be seen in counter,, view gets negated once price breach the high...
Infosys counter is forming bullish bat pattern on hourly time frame,, prz zone in range 907 to 913 ,, good reversal can be seen from this zone,, view gets negated if counter breach level of X point and sustain for 10 mins below this levels,,
Reliance counter is forming bearish Gartley pattern with very near to perfect retracement ration as per pattern which have PRZ around 2140 to 2148 levels.. to be perfect of retracement of point B if we go with Bearish Bat pattern formation we have PRZ around 2151 to 2157,, so considering both the scenario we consider whole range as PRZ in combine,, 2140 to 2157,,...