Harmonic Pattern : Deep Crab Target 1 - 24462 Target 2 - 24341
1. Ambuja Cement - Head and shoulder pattern. broken neckline. 2. reversing from the bottom of channel. Possible Targets Targets 391, 418-421, 465.
Banknifty is trying to extend to form a D leg i.e 36200. 36200 will be a PRZ. We can expect a correction up to 35450. PRZ 36200 Correction - from 36200 to 35450.
From the bottom 16375 nifty started correcting towards upside. I see a leading expanding diagonal in the Wave A. Wave B will be corrective wave of ABC pattern. Wave C will be extension for Wave A and Wave B. Why I strong believe that nifty is still in correction mode? because for the range 7519 to 18617. The market should correct at least minimum 0.382%.
Nifty 50 | Possible Ranges for the upcoming sessions. Overall market in correction wave. ( Downside) Range 1 - 18212 to 16550 - ( Downside ) Range 2 - 16550 - 17209 - ( Upside ) Range 3 - 17209 - 15578 - ( Downside )
Bank Nifty has formed a harmonic pattern. For today I am bearish as long as the market is below 35200 Target1 - 34912 Target2 - 34659
Banknifty has formed cypher pattern. Targets T1 -> 34754 T2 -> 35000 T3 -> 35200
Reliance has formed Triple top retesting now. Sell 2400 Target 2310 Future sell Option - Buy 2360 Buy 40/42
BTCINR is in sideways. Market can take a support near 4300000 and go up. But we can see a strong weekly resistance near 4480069. Fall below 4300000 can lead to the price to take support near 3900000.
Weekly Chart | Head and Shoulder Pattern --------------------------------- 1st Target - 354 2nd Target - 376
Sell below - 3070-3060 Target 3020, 3010, 3000 Stop Loss - 3080-3085
ITC : Sell Nov 230 CE @10/ above Buy Nov 230 PE @7/8 Sell Nov fut @230, Target - 210 Insurance - Buy 230CE @10
Resistance near 18355 Buy CMP Target can 18314 / 18355.
Bajaj Finserv formed a bearish harmonic pattern. Monday, If market opens above 18500. Do not trade this pattern. As long as it's less than 18500. we can go for short target 18000.
POSITIONAL BUY ABOVE 1300, SHORT TERM TARGET - 1600
Banknifty is kind of forming triangle pattern. If confirmed and closes above 36000 and retest we can expect 37000 in near weeks. Close above 36000 and retest planning for long position 1-2 month time.