Hindalco

Hindalco forming a Cypher pattern

If 186 not broken than may visit sub 150 levels again.

Based on irregular correction at Top

Nifty Update

Nifty may be forming this ending diagonal

Chart is mine but counts idea are of friend Alex

Posting for Learning purpose only

This invalid above 8257

 

Nifty ABCD pattern

Nifty completed a ABCD pattern at 7915 level

now if 7860 holds than we may witness a good rebound.

Copper

Copper forming multiple wolf waves

immediate target 375 around

Sell on rise

Nifty Pattern

Nifty after a massive fall recovery & again down in impulse way.

After such Zigzag updown Nifty is under making a Bearish Gartley pattern.

Till now wave C down is running & if  last low of 8002 holds than we can visit 8700 again.

Nifty Update

Nifty after a dip till 8000 yesterday hit a high at 8599

today again due to internal monetary problems fall till 8392

Now here coming for wave counts

Nifty completed yesterday wave-3 at 8599 from the lows of 8502 which is 1.23% only

As per EW rules it is short in nature

Considering this down move as wave-4 till 8333 holds for the fast & furious last upmove which may bring Nifty till 8690-8800 range

These are rough calculations only & will keep 8333 Strict sl for all longs holding at present.

Sun Pharma

Sun pharma yesterday strong bounce back with Volumes.

Sun pharma forming a wolf wave in which wave 5 done at yesterday low

A move above 695 will active this Wolf for 810+++ level.

But strong congestion in 688-735 zone

if this zone crossed with volumes & sustained than a clear uptrend for the above levels

Nifty update

Nifty looks like in wave-4

Resisted at last support of 8540 twice

Any move below 8480 invites good sell off in Index.


Bankex too looks in wave-4

If 19600 fut not broken than a move below recent low possible

No chart today as all are manual calculations

Nifty Update

After decent fall last week Nifty now attempting a rise,

next resistance coming at 8592 around

Keep long till 8430 holds on down side....

Bank Nifty

Bank Nifty on Hourly chart forming a Gartley Pattern.

Its a pattern in Formation so not 100% sure of its success.

But still a Good & nice pattern in making

If recent lows of 18900 saved than we can expect 20000+++ again in Bankex