Alan_Abram

Alan_Abram

Nifty looking bearish with the breakout of the channel on Friday. Resistance near the 100 EMA, If broken again a sell off expected after a slight pull back. Overall picture looks bearish for nifty.

Alan_Abram Updated 

The setup was based on Price action, 20DMA and OI change. 108 Points move captured with buy on pullbacks, until the SL hit when the channel got broken. Big guys shorting at ATH :)

Alan_Abram

RCF break channel at 52 week high with good volumes.

Alan_Abram

Good technical signal given by BHEL. Strong breakout of the channel with good volumes.

Alan_Abram

Wipro has given a breakout from its channel, Not very attractive volumes to consider a breakout yet.

Alan_Abram

Nifty50 is showing indication of going long by forming a Cup and Handle pattern. Currently in phase 3 of breaking high of handle pivot . Once broken this level we can see new highs.

Alan_Abram

SGX is showing indication of going long by forming a Cup and Handle pattern. Currently in phase 3 of breaking high of handle pivot. Once broken this level we can see new highs.