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

Larsen

L & T

A wolf wave in making...

On daily chart its in consolidation mode for more upside,

but it needs to come down first,

Trading a Wolf wave in formation.

Wave-4 already done at 1521 looks like & wave-5 may bring it down till 1400 below levels.

keeping a sl above recent high of 1521 on Hourly closing basis.

A good risk reward trade setup.

Maruti another chart

Posting one more chart of MARUTI.

A fall can be near by soon.

A gartley in RSI which is the biggest reversal pattern.

all details on char.

Maruti

Maruti

Yesterday posted good results but Price fells after result.

Maruti completed a ABCD pattern at 5950 around

Now looks like a short term top done in this giant.

Till 6050 saved can say a move below yesterday low is possible

IDEA

Idea

looks like ready to move up

Posting 2 Charts

1. 4 hourly which shows script ready to fly with support from RSI too.

2. Hourly chart which indicates a Gartley pattern can confirm a spurt in this.

Long here & add nxt near 74 with a SL below recent low.

Nifty & Banknifty update

Posted charts of both index few days back with trade plan on it.

Now posting updated charts of both as some levels are voilated in both index.

Still view is bearish

Spot Chart now

Tata Steel
A Wolf wave completed in it

Shorting opportunity below 422 along with RSI confirmation yields good trade setup.

Holding period may be 1.5-2 months for 355 around level

Once triggered than hold with recent high.

For entry a bar opening below trendline is essential