NileshPrajapati85

NileshPrajapati85 Updated 

On day time frame Naukri 20 EMA has closed below 200 EMA and it is not a good sign. It is on the verge to form Cypher / Shark "M" pattern. It has potential to reach at 6600 /6000 / 5700. SL: 7400

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Dow Jones has Head & Shoulder breakdown, With this it will have following targets possible, 37700 - 37200 - 36500

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With H&S formation Patel Engineering will have following targets T1: 32 T2: 27 T3: 22

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Happiest mind has shown pennant Break down on weekly time frame. It will have potential down side as below, 610 - 500 - 400 - 333

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LTF has formed inverted H&S pattern and has confirmed breakout With this it will have following targets 168 / 175 / 180

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On a Monthly time frame, IndusInd Bank has shown Cypher / Shark formation. Any monthly candle close below 780 will open gate for following targets, 780 / 650 / 550 / 410

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Bajaj Auto has Head & Shoulder pattern breakdown. This will lead it to 5500 with following targets; 7000 / 6500 / 6000 / 5500

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MOIL has confirmation for Bullish crown formation . It has closed above 20 & 50 EMA on day time frame. Moreover MACD is signal line has turned positive. With all this it has potential for following targets; 360 / 400 / 450 / 500 SL: 315

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With Bearish pennant Breakdown India Mart could have following targets 1800 / 1400 / 1100 SL: 2250

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On a Monthly time frame Asian Paints has penant breakdown. With this possible levels could be 2300 / 2200 / 2150

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Reliance in the direction to form Cypher or shark pattern. Next levels to watch 1217 / 1210 / 1160

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IRCTC - Forming Cypher / Shark it has potential to to go to below levels. 765 / 740 / 693 / 660

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Current results for infosys has formed BAT harmonic pattern and it has potential to correct till 1750 with following targets. Target1: 1796 Target2: 1750 Target3 possible as worst case: 1718

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MCX is on the verge to form Cypher / Shark with following targets possible 5400 - 5200 (200 EMA) - 4800 - 4700 In worst case it can go up to 4500 / 4200 Consider 5800 or 20 EMA is resistance / SL.

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Bitcoin has broken important support zones. It has next major support on 85,150, day close below this will take bitcoin to below targets; 80,000 / 75,000 on a worst case it can touch 73,573. SL: 85,150

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BLS International services has formed a bearish wolfe wave pattern om weekly time frame. With this pattern it has potential to reach up to 200 on Fib support with following targets; Target1: 320 Tagrte2: 265 Target3: 265 Being bearish wolfe wave it can also touch 105 in a worst situation. SL: 395 to 400 on a week candle close.

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On daily time frame, Nifty has falling wedge breakdown. It has good support at 20,550 on weekly closing base. Below 20,550 it will have following targets possible, 22,000 / 21,680 / 21,300 / 20,900 / 20,600 / 20,300 Technically 20,300 possible to fill gap on day time frame.

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Zomato has formed a cypher pattern on weekly time frame. On short to medium, it has potential for following targets. 254 / 266 / 280 / 305 / 330 / 350 242 & 254 is a strong resistance, weekly close above this will have above potential. Consider 200 to 180 as SL. or It could be considered as buy on dip stock.