


NileshPrajapati85
On a Monthly time frame Asian Paints has penant breakdown. With this possible levels could be 2300 / 2200 / 2150
Reliance in the direction to form Cypher or shark pattern. Next levels to watch 1217 / 1210 / 1160
IRCTC - Forming Cypher / Shark it has potential to to go to below levels. 765 / 740 / 693 / 660
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
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.
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.
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.
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.
ITC on weekly time frame has broken support channel. Moreover, it has formed crab pattern. With this it has potential for 300 with following levels. 380 / 360 / 350 / 320 / 300. SL:425
Hindalco forming Cypher pattern. It will have a resistance at 665. Weekly candle close above 665 will have potential upside with following targets Target1: 665 Target2: 700 & 725 Tagrte3: 775, 830 & 900 At current state SL: 550 At 665, SL: 640
Bombay dyeing has completed Bullish shark formation and it has potential for following targets; Target1: 200 (Weekly candle close above 201 will have following potential) 215 / 232 / 287 / 325
WelspunLiv has shown increase in volume, MACD levels are rising With Cypher pattern formation it has next resistance at 180. Any day candle close above 180 will have next target of 200 / 215. Above 213 it has potential for 230 / 250
Tata Consumer products has shown triangle pattern breakdown. It could reach to 650 - 550 by March 2025.
Head & Shoulder pattern break down in Silver, It will have possible target of 27 / 25 / 24
Vesuvius has formed confirmation for bearish pattern to form Cypher / Shark. It has potential for below targets; 4400 / 4000 / 3800 for Cypher pattern. It may also touch 3350 if gives confirmation of shark formation.
DMART has confirmed Bearish Cypher pattern formation, It has potential to reach to below targets; Target1: 3558 Target2: 3300 3300 is a strong support if broken on Day time frame then possible following targets; Target3: 3180 Target4: 2900 Stop Loss: 3785 on Day close basis
Following my post on August 5 after a dead cat bounce, Nifty has started to form Cypher or Shark pattern on weekly time frame. For a Cypher pattern: it will touch 23870/23216/22800 To form a shark pattern fall may extend up to 22300. It is expected to complete this by December end.
Bombay Dyeing has weak MACD and RSI indicator It is forming Cypher M pattern as it has candles below lakshman rekha line. Now it has major support at 200, if it close below 200 on weekly time frame then following targets possible. Target 190/ 170/ 160/150