Wednesday, May 7, 2014

Patterns in PNB, Nifty & BHEL

PNB: WW Patterns

+WW Pattern:  Break out happened at 782.10, tgt 1- 787.15, tgt 2- 795.30, keeping SL at 1-3-5 line
- WW Pattern: Break down will trigger at 786.80, tgt 1- 784.90, tgt 2- 781.75, keeping SL at 1-3-5 line


Nifty: Triangle can be observed in 60 mins chart.

Break out above 6730, tgt 1- 6777, tgt 2- 6853, SL at 6706.50
Break down below 6709, tgt 1- 6662, tgt 2- 6586, SL at 6732.50


BHEL: Triangle can be observed in 60 mins chart.

Break out above 179.30, tgt 1- 181.85, tgt 2- 186, SL at 178
Break down below 178, tgt 1- 175.45, tgt 2- 171.30, SL at 179.30


1 comment:

  1. prabhanshu... i follow you thru just nifty blog...excellent analysis...i bought otm call option after examining your analysis....whats more in store after 186/-

    ReplyDelete