Buy Above 1760 for 1800+ targets
Crude WTI - Short basis Bullish bat pattern, incomplete pattern but risk is too low to ignore!
2618 Trade in Nifty - possible reversal zone of 8070/8100
DLF - Bearish BAT in progress! it can go all the way till 135/140 before it breaks down! 2 way play, choose whats beneficial to you basis your risk management and way of playing!
ACC - Bearish BAT in progress, either apt to play last leg or wait for pattern to complete..
Bearish Cypher in progress! go long with SL 7500
Bullish ABCD - D will be completed around 185/187, start buying with SL 180 on closing basis.
BUMPY road ahead! watchout the descending broadening pattern...if breaks then we are in for next bull run!
LT : THE Elephant in process of completing cypher pattern, if it goes well as depicted in charts, then we are heading for 1750/1760, now should we be shorting this market? lets be caution either ways
Bullish Butterfly in making, we have completed LEG C here with 61.80 retracement, now once we break 600, we will be heading to 520, where it will be good buy! watch out
Stock in process of completing bearish ABCD and we shall get PRZ around 109/110 zone, good place to short, RSI may go over bought there...watch out
Stock on its way to complete LEG D of Bearish BAT around 2594/2600 levels, good levels to short
Stock seems to have completed bullish bat and fresh longs may be taken here with SL 802!
Apollo Tyres : Rising wedge broken down, shall test 201 which is surprisingly 200sma, would be interesting to see if that is broken, if yes then straight 180!
Price has been travelling in triangle is all set to breakout with good results and interim dividend
BHEL : Two in one, not only did BHEL breakout of triangle but also it completed leg D of bearish cypher pattern, now that we have reversed with big candle, i expect stock to visit breakout point of triangle which is also 61.80% FIB retracement, should turn out to be good opportunity of buy, just keep a tab for learning!
Apart from Bullish Garley, SAIL has also formed falling wedge pattern, this can be either bearish or bullish pattern, for that we may need to keep check on wedge and see on which side pattern breakout!