so according to data market is bearish, making a symmetrical pattern on 1 min time frame, and breaks for the downside.
We have seen a retracement from the symmetrical triangle first it broke symmetrical triangle but not sustain and again went for reversal, See on the chart
bank nifty forming Pole & Flag pattern if it breaks upside market will go up.
Morning star formed, a reversal from the previous marked target level 17450, can trail stop-loss if it breaks the target level. better check on the 5min timeframe.
correction nifty50 going downside it will go to 1st target of 17452.
tomorrow I'm expecting a correction because on the chart it is visible that it coming for a downside in a channel we can achieve a small target of 17362 and if it crosse the level of 17348 it can go to the marked level of 17224.
today I was expecting a correction or bearish market, following a head & Shoulder pattern in nifty if it goes as marked direction to the level of 17234 we can sell only it cross and sustain below that level.
today I was expecting a correction or bearish market, following a head & Shoulder pattern in nifty if it goes as marked direction to the level of 17234 we can sell only it cross and sustain below that level.
so in reliance industries, there's forming a head & shoulder pattern we wait till it crosses the level of 2572 for the downside, then we can expect to short. and we will see a correction in nifty as well.
you know what to do, I'm just sharing this chart pattern. also, check on 5 min timeframe.
will not consider any buy or Sell until one of these 2 levels broke either the upside level of 17286 or the downside level of 17210. so wait patiently.
so on the chart, I can see a good swing trade in INFOSYS LTD, as it is on a resistance level of 1435, and if this level breaks and sustain on Monday we can see a breakout also there is forming W (Double Bottom) pattern and high volume which highly indicate good support to break for the upside, and if it sustains upside we can take swing trade for 1-2 weeks and...
what a great candle we see in the early morning session, it creates a morning star candle that aims to change the moment from downside to upside, and then there's a halt candle we wait for the next candle for a break for upside (confirmation) we take the trade and 1:2 risk reward complete still holding for the next target.
what a good bullish rally we have seen yesterday continuing today early session, and got stopped on 16800 levels because Hugh resistance over that level, and a huge support on 16700, if the level break then only we can consider buying either upside or short downside, those 2 levels are crucial levels. let's wait for the right moment.
so, today nifty making trap zone as highlighted on chat it took retracement from the marked level of 17134, we may see a correction of last week bullish moment, well I highly advise to not to take trade today, if something comes I will mention it on comment, enjoy the weekend.
as I discussed on previous nifty50 analysis, if it break the upper resistance it will go upside to the marked target, check now it is going towards that level of 16888, better check on 5 min timeframe.
so in the early session, I made a 700 loss in nifty everything was going good just reliance fast breakout hit my stop-loss, then after 12 pm, I saw an excellent opportunity in banknifty there was a pattern formed inverse flag and pole so I took the entry to buy 1 lot size and made a good profit of 50 points, and exit then after 10 min I saw another opportunity...