kunal_kumarkk
Have a look at this beautiful pattern, it was coming down in flag and pole now we can see a rounding bottom, we can't be sure about rounding bottom until it make 2-3 more candle next day, If it complete rounding bottom it will make double top and we can trade accordingly.
We can see if market sustain above 360 we will go for fresh buy if it not breakout, possibility of sideways or downside become more, then we will wait for 335 levels then we can tale buy call
There are two conditions mention in chart, if it make good green candle we can initiate our buy. If not we will wait for retesting lines,
As we can see hdfc bank made double bottom, and at crucial support, if it break down we can see some corrections, so bank nifty will also make corrections as hdfc contains high weitage,
We can see market reverse from its blue zone, and the next target we can expect if market breakdown is mentioned in chart. If market go bullish then we will wait to break out blue zone for new entry
If you closely see it is going to make double bottom with resistance of trend line , we will wait for trend line or double bottom to break then go for fresh entry according to market move
Already reverse from double top, and same pattern we can see on left side, if it goes down so we can see good correction in this best time to add qty if we are considering position trade, if it take support from here then we will wait for double top to break then we can take fresh buy
In this chart i have clearly shown with arrow where market can move if it take dip, there are W pattern which has high support also, if it break that also we have trend line if we extend that trend li e it is respecting previous datas. What to do now: Wait for retest if it break W pattern then we have trend line where we can initiate buy.
There is a triangle formation in adani power chart inn1D time frame. Market could reverse or break from here. After breakout we can go for buying, or else we will wait for correction then buy