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..
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..
Cummins cmp 471
Deep crab pattern formation
Counter trading falling channel pattern.
counter is trading in 91 weekly cycle for peak to peak formation
and 88 weekly cycle for bottom to bottom formation.
RSI have given long term breakout from falling resistance trend line.
counter can be bought at cmp and also on dips,, view gets negated below 420 levels
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...
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
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...
Bank nifty spot
Time frame :- 15 mins
Bearish pole and falg pattern formation
Symmetrical triangle pattern formation
Breakdown confirmation below 23500 levels
(should sustain below this levels for 10 mins)
down side 23000,22850,22600 possible