NIFTY

See the formation of flag in chart of nifty. Now nifty is taking resistance at 61% level of  range 5316-4630 at 5057. If price break the upper trend line then the price pattern will made inverse H&S pattern. The target inverse H&S pattern is 5274. If price is not break the level then it moves in the range. If price pattern will break the trend line(1) then it is the confirmation of break out and trend line(2) is using for smoothness of price movement break out. Final target of the pattern is 4343.

FLAG IN NIFTY

See the creation of flag pattern in nifty. Volume also good as per the pattern. According to the price movement 5317-4641 the 38% retracement is 4868. if we consider the range of 5228-4641 by considering the reversal points, the 38% retracement is at 4866 which is high as well double top of the day. If price break the channel then the target becomes 4453. 

H&S in nifty. see 5 or 15 min chart

inverse H&S in GOLD

See H&S pattern in chart of GOLD which shows good buy signal. JUST WAIT FOR BREAK OUT

primary trend in nifty

Here in the graph see two H&S in a rapid manner. The first H&S having break out at 5250 which is having target at 4250-4300. The price retest the neck line at 5350 on 3 weeks ago. The pattern makes more strong because of triangle formation with same break out. There is also formation of a new H&S with triangle. Second price pattern having break out at 4700 in down side with a target of  3400-3300. So have to wait for break out.

waves in nifty

Been speaking about a 5 wave decline which for some time was not clear on the hourly chart.

Its been my contention that wave C ended in a triangle at the top and so wave e of C truncated

at 5317. On that basis a clear 5 wave decline ended today on the hourly charts as shown.

Each leg breaks up perfecly into 5 waves internally and chanelling technique discribed

So unless this low breaks we should

have completed wave 1 of 3 down. Wave 2's often retrace a lot upto 61.8% which can 

give us upto 5137

See the FLAG pattern in HOURLY chart of nifty. If resistance takes place at 38% level then the target will be 4820. If resistance takes place at 5092 then target will be 4860

H&S in nifty

H&S shoulder in nifty. wait for confirm breakout the target is 5040

bowl in ACC

                     WAIT FOR BREAK OUT. I THINK IT IS A STRONG PATTERN

MAGICAL CHANNEL IN NIFTY

           See the formation of new right shoulder in nifty. if on Monday market formed proper right shoulder then target of nifty is increases from the previous one. but according to current condition right shoulder is too small and price is moving within a channel. if on Monday market directly open below the trend line then target becomes 5042. 
                                                                               

H&S in nifty see in 1 hr chart cmp:-5214 T1:-5143 T2:-5042

H&S in tata motors cmp:-184, T1-173, T2-166 last tgt- 157

wait for flag break out

gold break out moving towards target

bowl patterns in nifty

hourly chart of nifty with H&S last tgt is 5118

i miss the bowl pattern in nifty

flag pattern with taking support at the 50% febc in TVS MOTOR long target is 120-124

DLF target

nifty channel