since 2 days the index is trading in a range and today it complete the pattern of Inverted HnS on a 15 min TF.
Index moving HH pattern and its forming a rising wedge, for intraday basis we may see 43600 tomorrow as per current pattern and then a profit booking is possible.
The Scrip is stuck in a tight range of 50 points and on breaking the zone we can see a good move, Keep HDFC Bank in radar.
43275 may act as crucial resistance, we had seen multiple profit booking from this range previously and may see some more in coming days. Till index is trading below this level we have a high possibility of correction in market so plan our longs carefully
18620 - 18675 is the demand zone of nifty and till the index trading above this zone its go long on dips but once we sustain below this range on hourly chart then its a sell on rise.
Energy index is preparing for a triangle pattern breakout, keep energy stocks in radar.
Levels and trade setup for 2nd dec .....................................
wait for reversal candle and then initiate longs in index........................................
The Scrip is breaking out from a Cup & Hadle pattern and weekly chart the stock is breaking out from a Inverted HnS pattern. keep this in radar.
The scrip is breaking out from an inverted HnS Pattern and completed the re-test as well, Keep this scrip in radar.
Today market was volatile as expected and trade setup shared in video, market is expected move higher tomorrow.
Possibility of Breakout is high, Keep this scrip in radar.
if we break 42950 then there is a high possibility that index may form M type pattern. initiate your longs carefully.
As shared in Yesterday's analysis price acted, observed a good bounce from 42700 level and price moved nearly 400 + points. > for 29th - Index is in consolidation zone and can see a good move upon breaking the zone in either side.
For a long time the stock was in a LL pattern and now its breaking out and may move in HL pattern, keep this scrip in radar.
keep this stock in radar, now price breaking out.............................................
In coming days we may see good bounce in IT stocks and IT index, Keep IT stocks in Radar.
The index is moving in a HH pattern and in coming days we may see a good upside move till we are above 42500.