Advised to traders and investors: be careful to take long.
This pullback can push price 9066 up to easily.
At a,b and c of 50% retrecement zone from where price started to move downward.
Value area with 3 control lines has plotted of parallel channel.
Nifty is follwing weekly channel since long 2005 year
Target achieved Fib Retracement:
Volume vs. Price Action:
Points to be focus on:
Red Alert : sellers will take action on the Red Alert zone 1542 to 1490, and price will T1 as target.
Fibonacci Retracement:
Confluence zone 1353 to 1329 target
next target 1250 nearby if sellers will continue.
Wave analysis theory (unconfirmed):
Parallel Channel and Project:
T1 -1375 to 1380
CUMMINSIND india given to buy 505 and (yesterday high was 589)
AARTIIND given to buy for subscribers at 785 and its was achieved target 890.
BAJANFINSV is also followed our levels…
Yeah, Do you want what we have written for Spot nifty?
We have given target and resistance for sell nifty 12286 and (all time high is 12291).
In coming days, we are working TATASTEEL, VOLTAS, ITC, MARICO etc.
If the previous record of this stock is checked, it may be noted that this stock is always following the channel. Presently price very near the value low where investors can take their position.
The current price is 550 – Support of value 525 nearby = 25 points patience is required.
You can make your Trade Setup by using this distance of the 25 points.
When this stock create up spike, generally move more than 35% up.
I will update shortly for paid subscribers the daily chart for this stock
We have seen here two Flag Pattern, One Channel and Triangle on this stock.
Stock is forming triangle pattern on long timeframe.
We are seeing tight channel and the price is trading at the value low(lower line of the channel). This means, investors is ready to enter if volume increase price can make wave (5) as mentioned in the chart.
The primary trend is up on this stock.
Two Trade SETUP is as per below levels…
Banknifty resistance starting from 27777 to 28073 as per channel.
Last update was for paid customers at 27777 for sell which was below (4).
Let’s look at a higher timeframe chart.
As per the daily chart , fall is still left but the question is where to sell?
Detected tail in the last secession.
BANKNIFTY target updated on 2:00 PM 28th, AUG 2019
In the last update written to sell banknifty 28310 nearby but, I did not mention target and told you that will update shortly.
Banknifty made high 28245 and started fall down.
Target banknifty 27743(trendline support) and breaking / staying below it will be a target at 27605.