Wednesday, July 30, 2014

Chart Analysis for 30 July - Nifty, Voltas and Tata Steel

Nifty:
In 15 mins chart, below patterns are either triggered or formed. Lets take a look at them one by one:
Bear Flag (Green parallel lines): Nifty has triggered bear flag in 15 mins chart below 7748 with T1 7720 and T2 7655 keeping SL at 7762 post trigger. Till now T1 is almost achieved. In the last hours of market, SL was still saved from the spike.
HNS (Blue Dashed Line): Nifty has triggered HNS in 15 mins chart below 7748 with T1 7696 and T2 7655 keeping SL at 7774 post trigger.
+WW (Dark Brown Lines): +WW pattern has formed but will trigger with 2 15 mins close above 7747,
with 1-4 target line may be at 7830+. SL will be close below 7747 in 15 mins post trigger


Voltas: :
Break down below 187.80, T1 184.10 and T2 178.15, keeping SL at 189.64
Break out above 189.90, T1 193.60 and T2 199.55, Keeping SL at 188.05


Tata Steel:
+WW Pattern: +WW pattern has formed but will trigger with 2 15 mins close above 551.20, with 1-4 target line may be at 572+. Min tgt may be 559.30. SL will be close below 551.20 (1-3-5 line) in 15 mins post trigger
Falling Wedge: TS is forming falling wedge in 15 mins chart. If resisted at 549-550, then we may see prices taking support near 535-540.




No comments:

Post a Comment