Nifty is still not out of the woods .Nifty is having so much supply area around 11050-11100-11150 zone.. So if price crosses 11150 zone only then we can expect an upmove towards 11200 to 11300. Again ,, we will see lots of hurdles and resistance area around those levels. So in particular market index is
Read MoreAfter making a good comeback in Nov. 18 series. From 10,000 levels Nifty continuously forming higher tops and higher bottom formation on the charts. Except a fall in december starting series due to election & RBI Governor Mr. URJIT PATEL’S Resignation from the department. Technically, Nifty at current forming higher bottoms & lower tops which
Read MoreCurrently the stock price is trading in corrective wave ABC on hourly charts.. Impulsive waves and Corrective waves has shown on the chart in combination. Also , just to add on the stock price is forming head and shoulder pattern on the same chart on the same time horizon. Candle stick pattern looks comfortable on
Read MoreDIVISLAB is looking good for short selling for November series. Complete technical analysis for the stock price given below fullfilling the conditions for short position build up: HEAD AND SHOULDER FORMATION ON THE TOP ACTS AS A REVERSAL PATTERN. Here is the image: AT PRESENT THE STOCK PRICE IS TRADING IN ITS CORRECTIVE ABC WAVES.
Read MoreOIL INDIA COMPLETE TECHNICAL ANALYSIS FOR OCTOBER SERIES 2018: TECHNICAL OUTLOOK: OIL INDIA currently looks that it has started its third wave. DOUBLE BOTTOM breakout on daily charts observed.. Trading above its 200 weekly EMA and SMA. BULLISH CANDLESTICK PATTERN on weekly charts.. Fundamentally speaking ,the stock price is going to take support from the
Read MoreTECHNICAL ANALYSIS OF US30 DOW FUTURES FOR OCTOBER SERIES 2018 This is going out to be a selling opportunity for bears as bearish wolf wave pattern is a sign of exhaustion of bulls . So , my personal opinion is to get short side view unless it s not top out of the previous
Read MoreList of technical parameters fulfilling the conditions: The upper charts showing the features are as follows: FOR OCTOBER SERIES : INFOSYS AB=CD BEARISH PATTERN COMPLETES ITS FIFTH WAVE ON MONTHLY CHARTS IN A PERFECT RISING CHANNEL. EVENING STAR ON WEEKLY CHARTS. BELOW 690 WILL FORM A HEAD AND SHOULDER PATTERN ON DAILY CHARTS. MOVING AVERAGE
Read MoreESCORTS CAN MOVE TO 950-980 LEVELS ON THE HIGHER SIDE ,,,STOP LOSS FOR THE POSITION IS 850… PRICE PATTERN STUDY: MONTHLY BASIS AND WEEKLY BASIS: The stock price is trading in a range of 800-1000 for the last six months which can be termed as a consolidation phase DAILY BASIS: On daily basis supports
Read MoreReliance can be a perfect sell for tomorrow and also for doing swing trade as the stock price pattern suggest many bearish formations visible on the following time frames: Candlestick formation on daily time horizon resembles bearish engulfing pattern. Here is the snapshot: 1.DAILY CHART PRICE PATTERN FORMS AB=CD PATTERN: 2.BEARISH BUTTERFLY FORMATION ON HOURLY
Read MoreJULY FUT of Nifty forms AB=CD pattern which is a harmonic price pattern which resembles downside for at least a week before july expiry. Here is the snapshot:
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