#Nifty - Holding 11200, it has a probability of bat pattern on 15 min chart.
Holding 21625 levels, banknifty can test yesterday's high i.e. 21909 and also 222150 levels.
prices sustaining below 890 can tale stock towards 840 levels.
HDFCBANK - BAT PATTERN Self explanatory charts
#NIfty50 - Look at the candles marked by red arrows Every time Nifty opens higher than the previous day's close and close above the previous day's high, The chances are higher that bottom is made and the price will again open gap up the next day. Considering the previous price action, there is a possibility that nifty may open gap tomorrow Currently nifty closed...
#MCDOWELL : - At Support - Not getting conviction The thing I do not like here is the falling gap, followed by a continuous retest of support, is this the sign of weakening support? Any comments/observation ?
#nifty - After yesterday's sharp fall, and quick recovery suggesting the market is going to be volatile today. Price action: Prices still seem to remain sideways it just that Range has shifted slightly to the upside.
#nifty50 has reached an important level i.e 11200, Why Important - As its a level from where we had seen straight fall in nifty50. Current Price Action Observation Check the size of the candles of the last two rallies, most of them were indecisive candles. Check the difference between the peaks, they are contracting. Currently, price action, suggesting that the...
RELIANCE : ALT BAT Immediate support at 1966 Near term support at 1910- 1920
Titan - had speculator rally now its time for it to take pause as shark is there to stop for a while.. I am not bearish on the stock, mostly looking for entry in the correction Near term Support 1000-1002 Next important support 990- 980
NIFTY hourly has butterfly probability
Banknifty - Hourly has shark probability
This chart looks quite clumsy displaying so many levels, but option sometimes, hence bear with me... In yesterday's post, I talked about banknifty had crab pattern on intra charts and if it sustains above 21400, it can move towards 21550 and index would trend only above 21560. What happened today: Index opened above our second level, i.e 21550, above which we had...
Banknifty 15 min charts has crab pattern formation the prz of which is 21400-21200. Tomorrow opening is going to be very important for further direction in the index. For intraday, if we flat opening sustaining above 21400 can see move towards 21550, however expect the trending move only above 21560 levels. On the flip side , if see gap down opening below 21200...
FairChem Speciality daily chart has a Bat Pattern Probability Bat pattern is the most common and frequent pattern among all other harmonic patterns and the best part is,it gives you a better risk: reward ratio. .886 Fib Retracement of XA leg and 2.618 projections of BC leg , whenever these two ratios aligns in close proximity, it provides a tight zone to...
#tatachemicals - has seen good uptrend which seems to be “stalling out” at the top and the Three Black Crows pattern has also emerged after sideways price action.