1. Nifty is Making My Reversal patterns in Daily chart and can give a sudden upside very soon. 2. It is Near my previous sell targets of 7350 3. Very Good Buy Opportunity on 7440 For the Targets of Over 8350 very soon, even this month.
Looking at supply area and trend line resistance banknifty is not good candidate for long, risk to reward is not good. On down side there may be a opportunity waiting. Will have to wait for trad. levels are mention on chart.
ICICI trading in a down trend, may give good shorting chance if trades below demand area. levels for trade are marked on chart.
Suzlon yet to end sideway move. keep check on movement near upper and lower range.
Long or Short on given levels with trailing stops. Levels are mentioned on chart.
Nifty in Wave 3 of Wave 5 Until it breaks 7540 !! Most likely Wave 1-2 over and soon likely to go upside !!
Price moving in supply area and if momentum changes at this place then we may get nice short trade. If price closes above supply area then long trade is more lucrative :-)
Bank Nifty uptrend is running out of strength, we can expect volatile move ahead and resulting in down move in coming days or weeks. Trading on short is safe at this levels. I have mentioned levels at which one can take short keeping stops and targets as mentioned in chart.
The price is in Weekly/Daily ascending channel (green). Now, forming a falling wedge (bullish signal). The Fib C is at 61.8%, where price made bearish engulfing pattern to head south. D1 target is in line with 0% of AB swing and ascending price channel (8271), on break of this next target is D2 at 8040. However, I am expecting price to come at 8271 and then go...