Nifty in harmonic patthern with A and B wave completed time for C wave completion
Bank nifty possible correction as Head and shoulders pattern... Gonna look look for this as trading for 2 weeks
I think Todays move was corrective and Nifty still on sell on rise.. Another leg of fresh sell may emerge from here. I resume it as flag and travelling in multiple channels.
Awaited breakout in Bank Nifty due to head and shoulders and short covering can lead to 39900 -40000
Expecting a healthy correction in Nifty before hitting all time high. ABC correction to happen as per charts and call writing has picked up from here so a test to golden fib 61% is what I am expecting to 17400-500 levels.
Future moves will be like this mentioned in chart and I feel that this pattern will take shape because whenever IT wakes up Banks dull. There are multiple divergences as well in MAC
with bearish butterfly and start of the 3rd wave nifty to rally till 18500 in upcoming sessions
It can be a possible double bottom with a falling wedge in weekly chart. RSI divergence seen...This fall can be trap to buy bottom..
Cup and handle formation in monthly time frame can be a huge rally when crosses 4500 as the OI build up may cover their shorts... Targets can be seen 4900,5200
Please refer the chart as the currency pair has completed gartley pattern and ready for up move
Hi All, Currently looks like a Bullish cypher pattern is active which will terminate at 35000 inside itself a butterfly pattern is in formation which is B - C post 35000 C -D will form and will terminate as shown in chart......
Upcoming moves for bank nifty projected...............
Targets levels Mentioned in the chart. In 1 HR Time frame a Gartley pattern is seen. Price reached Point D and now 1st target already achieved. Waiting for the other targets to be achieved.
Bank nifty forming head & shoulders and currently right shoulder forming., Way upto 32700 and then a break to mentioned target
ITC Will be travelling north post holiday. It has formed falling wedge and target mention in chart
Please refer to chart nifty in falling wedge and mostly preparing for a healthy breakout. In every drop big players have managed to lift it up. It means they are not in mood to ditch this. Remember if you think a drop is upcoming like previous year then it's not gonna happen because crashes occur if something is on a global level. Global sentiment is still...
Symmetrical triangle nearing to its point for breakout. With earnings result on Thursday. It can produce good results
Hindalco waiting to breakout from a symmetrical triangle. You can see the decrease in volume at the bottom. Its accumulating power to breakout upside. SL 380 . first target it will reach 425 and then price may come down for an ascending triangle or it may breakout above 426 for target of 480+