channel in nifty

DLF- Inv H&S

dlf seems to have target of T1-240, T2-260/270.

NIFTY- price is trailing at major resistance level

inv H&S in nifty

channel in in RIL

SEE THE LEVELS IN RELIANCE AND NOW IT SEEMS LIKE DOUBLE TOP

nifty channel

price is moving in channel. don't be more bullish. wait to break upper boundary to confirm.

nifty channel

moving in channel and tk support at lower boundary. now completed 61% retrc of yestd's fall. FOLLOW THE LEVEL DO NOT EXPECT BIG MOVE TILL PRICE TRADING IN CHANNEL.

Sell DLF with stop loss of trend line.

check rsi(42) magic on hourly chart

wave count in nifty

 HOURLY CHART

Nifty is moving in channel. Nifty is closed at 61% level of wave 2(i). I think wave 3(iii) of nifty will be started tommorow. 

STOP LOSS OF WAVE PATTERN- 4920-4940


REFER LAST THREE POST.......

wave count in nifty

As per my previous post, nifty is moving in channel. And it taken resistance in the range of 4855-4850. If it will respect that level then farther move will start, that is 3rd wave. if it break that channel line then next resistance level to nifty is 4883 - 61% of febbc level of wave 2(i)


Another thing is still gap have ti fill which is at 4920 and this level is also nearly to the  76% of  febbc level of wave 2(i)  


please refer last two posts.

waves in nifty

RESISTANCE LEVELS


4775- Down slanting red trend line
4815- 50% febbc level of wave 2(i)
4850-4855- Upper trend line of channel
4883 - 61% of febbc level of wave 2(i)

elliott wave count of nifty

No price pattern in chart that's why i prefer elliott wave



Market is moving in small trading range. 
Chart is showing a-b-c correction.
So much less possibility to go up side.
Next level is 4820-4840.

NIFTY 15 MIN CHART

NIFTY 15 MIN CHART

See the chart of nifty. Formation of new price pattern. Right shoulder is developing but right shoulder is so small so that this H&S pattern is some what less effective to reach the target.

Another price pattern can see in the candles of 15 min chart which is showing the flag formation. 

Chart is not showing any buy call as per price pattern.

So have to wait to break the neckline/trend line and confirmation is to break the level of 4683.

TARGET- 4675,4634,4560

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Business Line : Markets News : SEBI wants financial literacy to begin at high school

NIFTY HOURLY

NIFTY HOURLY CHART



 Nifty is moving in channel. Chart is showing both (bearish and bullish) direction of price movement.


BEARISH - See the up slanting neckline in but right shoulder is till not formed. Price have trend line resistance at 4758, if price will respect that trend line then right shoulder will be formed. At that place another one resistance ie 38% level of mejore price move


BULLISH - See the downslanting neckline which having two left shoulders. If price will take support at 4715 and if it will the neckline then price pattern having movement of 70 points up side because of inverted H&S.



TARGET OF BEARISH MOVE- 4671,4655
TARGET OF BULLISH MOVE- 4800,4823

nifty weekly

WEEKLY CHART
There is two H&S in chart.


In FIRST H&S- The neckline is up slanting. Price break the neckline at 5282 and made the new low 4728. Because of double bottom price start up move and retest neckline at 5390.


In SECOND H&S- The neckline is straight. See the candle of this week which is trailing just at neckline.




TARGET OF FIRST H&S- 4250


TARGET OF SECOND H&S- 3300

nifty

New inverse H&S in nifty. target is 4850

nifty

Inverse H&S in hourly chart of nifty. It is also seems break out but 4708 is the 61% of current move. So it can break this level.

And another point in this graph shows the GAP. That gap is still not fill.

if price break the level of 61% ie 4708 then target will be- 4780

If price cover the gap and break these level then target will be-4400

Nifty

See the hourly chart of nifty. H&S formed with break out in a nifty. target is 360 points down side from neckline. tgt- 4350