HDFCBANK is forming a perfect descending triangle pattern over last 3-4 months and desperately need a breakout from the pattern. Descending triangles can breakout any side so lets wait till the breakout happens and it became more valid with 3 touches on flatline. Keep HDFCBANK in your list to look out for shorterm and if it gives ample opportunity to enter after...
NSE_EOD:NIFTY which is traded in NSE,Mumbai & scrip name as Nifty Futures January is likely to continue its downward move and possibly reach around 7250's. We know that Gaps act as Resistance/Support and check your trade plans to place stops around that region NSE_EOD:NIFTY from 7650's to 7750's. Possible Targets around 7200's to 7250's and its more likely to...
1. Nifty is Making My Reversal patterns in Daily chart and can give a sudden upside very soon. 2. It is Near my previous sell targets of 7350 3. Very Good Buy Opportunity on 7440 For the Targets of Over 8350 very soon, even this month.
Confusion on Wave count : Either Nifty is in last wave 5 of ABC correction -- means it will end around 7550 or below !! Or We are in wave 2 of wave 5 on up side -- meaning ABC correction already over at 7550 !! 7550 -- remains a buy on downside, if it comes !! Biased View: Wave 5 has already started on upside -- remain long after wave 4 ABC correction over !!