We had a breakout from Bullish Flag earlier but now can see consolidation, forming a bullish rectangle kind of pattern.
No trade inside the rectangle. Black rectangle for additional security.
If we get a breakout above 15970/16000 levels long for targets of 16280/16488/ 16600
But if price falls below 15560 and 15440 then we have a short ...
This is a bit risky trade as news is there. 311.50 is the level, below it stock will be bearish for the day. TATA MOTOR 310 PE @13.80 could be a good buy. Keep a target of 307-306 in spot. Or short future.
1.vertical lines drawn on a regular interval of 38 days, it has been observed that whenever price crosses this cyclic lines, price goes down and then take a up move ( shown by pink arrows) . according to this pattern nifty should go up from here
2.we also have a head and shoulder pattern ( bearish in nature). It is very interesting to note that the...
The short answer is that I don't know! As I keep saying, I don't own the future. I'll say what I see and my inferences.
1- Wide zone of congestion approaching - likely to cause hesitation.
2 - A rising contracting wedge.
3 - A retracement on the 1D time frame up to near 76.4%.
None of this is predictive of anything. Markets do as they like - or more...
Hey guys, it's been a while since i posted. I have been working on a project lately and thus have been occupied. Will try to post regularly from now on.
There seems to be a bullish pennant forming on the chart.
Buy here for a good RR ratio.
Price most likely won't drop below the trend line as its been maintaining above it for a very long time now,...
Nifty (SPOT) giving TL breakout buy above with SL 11,750.
First Hurdle- 11710-715.
Second and Important hurdle 11780-800.
(Reliance, HDFC already showing good results for the quarter)
Lets expect some positive vibes this Diwali ! :)