Bank Nifty Update

Dear All, On Daily Chart, There is a Rising wedge pattern with RSI (14) Negative diversion is clearly visible. Bearish Bat Pattern reaching its last leg Target upto 88.6% retracement which might become the confulence zone for Bears to get active. Level to watch are 27900-28000 on upside and if Bank nifty fall below 27350 … Continue reading “Bank Nifty Update”

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BAJAJ AUTO BEARISH SETUP

Dear All, Bajaj auto chart looks interesting. On Weekly time frame, Price has reverse exactly from the trendline. Price is now making Lower High and Lower Lows in a channel. Price is also moving in 2 SD Bollinger Band range. Weekly Chart has been attached below for the reference. On 30 Mins timeframe, Double top … Continue reading “BAJAJ AUTO BEARISH SETUP”

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TITAN ADAM & EVE PATTERN

Dear All, Keep an eye on Titan. There is a Adam and Eve Pattern spotted on 30 Mins Chart. Price is nicely moving in an ascending triangle. Fourth time price is reaching its very strong support of 893-895 levels. If decisively breakdown happened, we can look for Target of 835-840 levels. Chart has been attached … Continue reading “TITAN ADAM & EVE PATTERN”

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Is Nifty Bottomed Out?

Dear All, Nifty fallen from 11750-10880 almost 850-880 Points down.┬áNice one side movement since 03-09-2018. Lot of messages I’m getting, whether nifty bottomed out ? To answer this Let’s go to chart and see what they have to offer us . On Daily Chart, There is a Hidden Positive Divergence.. (hidden positive divergence develops when … Continue reading “Is Nifty Bottomed Out?”

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STOCK FOR LONG TERM INVESTMENT

Dear All, As we have recently seen the performance of Pharma and IT Sector whatever the reason behind this rally, Chart already predicted that run..!! On longer time frame I see a very good opportunity for a investment in Pharma Sector and my favourite pick is “AUROBINDO PHARMA” Below is the Weekly Chart of Aurobindo … Continue reading “STOCK FOR LONG TERM INVESTMENT”

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