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Indianmarket

NIFTY 50 Wave Analysis 20 JUN 2016As per my last post Nifty get Support from 8080 level and went upside but pattern not give view on further upside. I am going to review the wave count and come to the new support at 8035. If coming days Nifty fell to 8035 we can expect lot of buying on this level. The upside should be limited for this month as 8311 and trend will continue on next month also. Wave Projections for next month - Nifty may surge upto 8420 and 8650 level as quick as possible.
NSE:NIFTYLong
by tdurai84
Nifty approaching the supply zone As we are approaching the upper line of down trend channel of nifty we need to be ready for big move from those levels, 1) Price can take resistance and reverse 2) Price can trade along the line and move side ways 3) price can move out of channel with force If we want to trade 1st and third possibility then wait for followup on next day. Never try to judge top or bottom just be ready to trade if price allows to do so :-) Trend is our friend
NSE:NIFTY
by dhananjay.d.joshi
4
An Analysis : Awaiting Breakout in HDFCBANKHDFCBANK is forming a perfect descending triangle pattern over last 3-4 months and desperately need a breakout from the pattern. Descending triangles can breakout any side so lets wait till the breakout happens and it became more valid with 3 touches on flatline. Keep HDFCBANK in your list to look out for shorterm and if it gives ample opportunity to enter after Breakout, Hop on and ride whichever side it breaksout. Check your risks also and plan well before taking positions. Hit Thumbs Up icon if you Like the Idea... Keep Sharing / commenting your views & suggestions below..
NSE:HDFCBANK
by InsiderB
7