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.

Chart Analysis for 28 July - SBIN, IDFC, NIfty and GoldM

SBIN:
SBIN has formed +WW pattern and will trigger with the 2-60 Mins close above 2500 for the 1-4 target line at 2575+.
Min tgt will be 2542.
SL will be 60 mins close below 2500.

IDFC
IDFC has formed and triggered -WW pattern on day chart below 158.30 for the 1-4 target line at below 120.
Min tgt will be 146.20.
SL will be a day close above 158.30 (1-3-5 line).

Nifty:
Nifty is forming bear flag in 5/15/30 mins chart. This pattern will trigger below 7748 with T1 7720 and T2 7655 keeping SL at 7762 post trigger.(ignore tgts given in chart)
This pattern will get invalid above 7806-10

Nifty
Nifty has formed and triggered -WW pattern in 5 mins chart below 7792 for the 1-4 tgt line around 7750-40.SL will be 5 min close above 7792.

If Nifty goes below 7746-40 and takes U-turn, then +WW pattern may trigger (aprx above 7746), targetting 1-4 line aprox at 7810+. This is valid if nifyt do not go above recent high i.e 7800+ else tgts adn pattern may change

GoldM
GoldM has formed +WW pattern in daily chart and triggered above 27270 for the 1-4 target line at 33000+. SL will be a day close below 27270.

Chart Analysis for 7 Jul 14 - IDFC and RCOM

IDFC:
Break out above 134.40, T1 140.40 and T2 150.20, keeping SL at 133.15 (ignore SL mentioned in chart and use this one)

RCOM:
Break out above 141.10, T1 147 and T2 156.50, keeping SL at 138.15

Chart Analysis - RCOM, Nifty, Wipro and Bhel

RCOM - 1 Hr - Triangle
Buy above 145.60, T1 150.95, T2 159.60, SL at 142.90

RCOM - 1 Hr - Rising Wedge
Buy above 154.70, T1 156, T2 158.15, SL at 154
Sell below 151.05, T1 149.70, T2 147.60, SL at 151.70

Nifty - 60 mins - Triangle
Buy above 7425, T1 7608.50, T2 7905, SL at 7333.20

Wipro - 15 mins - Triangle
Buy above 504 (triggered), T1 525.30, T2 560, SL at 493.35

Bhel - 15 mins - Triangle
Buy above 249.50 (triggered), T1 256.75 (done), T2 268.50, SL at 245.90

Bhel - 15 mins - Rectangle:
Buy above 264.85, T1 274, T2 289, SL at 260.20

Probable EW Counts of Nifty and Tisco

Nifty 5 Mins EW:
Now with the fall it is clear that corrective B is completed at 7504.So.
A 7563 - 7131;
B 7131 - 7504
Now, C has started from 7504. This big C wave direction will be down and should be in 5 waves, wherein 3rd wave can sub-divide.
As of now, it looks like below:
1      7504.00 7478.80 (25.20)
2      7478.80 7495.90 (17.10)
(i)    7495.90 7449.35 (46.55)
(ii)   7449.35 7483.30 (33.95)
(iii)  7483.30 7269.20 (214.10)
a.(iv) 7269.20 7370.95 (101.75) => This is in 5 waves
b.(iv) 7370.95 xxxx (follow retrace for the rise from 7260.20-7370.95. Since, corrective rise in 5 waves, then expect 80% retrace should not be breached.
7346.94, 7332.29, 7320.08, 7308.07, 7296.06, 7289.55

Imp Note: Prices having closed below DHEMA (7383), will try to target 7308-7320 (D5EMA, +20) which is also 61.80% retrace of the last rise from 7269 and +20 is 50%.

Trade Opportunity: One can go long at 7308 keeping 7289 (80%) as SL for the targets for min tgt of  7371 and then 7410 (a=c), thereafter 7472 (c=1.618*a)

Tata Steel: EW Counts

Chart Analysis - Tisco, RCOM, NIFTY, Wipro, Unitech

Wipro - 60 Mins - Triangle
Buy above 493, T1 502, T2 516.50, SL at 488.50
Sell Below 482, T1 473, T2 458.50, SL at 486.50

Unitech - 60 Mins - Rising Wedge
Sell below 29.35, t1 28.55, T2 27.25, SL at 29.75

TS - 60Min - Rising Wedge/Triangle
Buy above 483, T1 496.20, T2 517.55, SL at 476.40
Sell below 476, T1 462.80, T2 441.45, SL at 482.60

TS EW:
A 485.45 428 ()
a 428.00 474.35 (46.35) in 5 waves
b 474.35 457.30 (17.05)
B 457.30 xxxx.xx (should be in 5 waves)
xxxx may fall between 486 (min) < 503.65 (a=c) < 518.40 (c=1.31918*a) < 532.30 (c=1.618*a)

Nifty: 15 Mins - IHNS (marked in circles)- Update:
Nifty formed IHNS pattern above 7320 in 15 mins chart
Buy above 7320, T1 7377 (done), T2 7433 (which is near next higher low made before falling)
Keeping SL at 7291 (or last swing low)

Nifty: 15 Mins Neg WW
Neg WW trigerred while closing below 7377 continoulsy for 2 15 mins chart
Sell below 7377, T1 7334, T2 7264, SL 7399

EW:
From EW perspective, there are two scenarios and both leads to up move.
1. B of 2nd corrective wave in upward direction
2. 2 ended flat at 7207 and now big 3 is unfolding in up direction
Up direction should unfold in 5 wave structure starting from 6207 and probable counts could be:
1      7206.85 7319.45 (112.60)
2      7319.45 7259.80 (59.65)
(i).2  7259.80 7365.20 (105.40)
(ii).2 7365.20 7300.70 (64.50)
i       7300.70 7381.00 (80.30)
ii.     7381.00 xxxx

To know probable end of wave ii and value of xxxx follow the retrace for the the rise from 7300.70
to 7381 (as below)
7362.05, 7350.49, 7340.85, 7331.37, 7321.90, 7316.76

RCOM - 15 Mins - Triangle/Rising Wedge
Buy above 147.25, T1 148.90, T2 151.55, SL at 146.40
Sell below 144.20, T1 142.55, T2 139.90, SL at 145

RCOM - EW:
1      136.00 141.65 (5.65)
2      141.65 137.35 (4.30)
(i)    137.35 143.90 (8.95)
(ii)   143.90 140.45 (3.45)
(iii)  140.45 xxxx (xxxx = min 149.40 (140.45+(i)) OR 155 (1.618* (i))

Chart Analysis - Nifty, PNB, Airtel

Nify - 30 mins- Triangle: 
Buy above 7303, T1 7369, T2 7476, SL at 7270
Sell below 7254, T1 7187.90 T2 7081, SL at 7287

PNB - 5 mins - HNS:
Sell below 993.05, T1 986.10, T2 979.25, SL at 996.55

PNB - 5 mins - Triangle:
Buy above 996.60, t1 1004.75, T2 1018, SL at 992.50
Sell below 993.70, T1 985.55, T2 972.35, SL at 997.80

Airtel- 5 mins- Triangle: 
Buy above 350.50, T1 356.15, T2 365.30, SL at 347.65
Sell below 344.50, T1 338.85 T2 329.70, SL at 347.30

Chart Analysis - Nifty, Airtel, TECHM, Hindalco,

Nifty - 60 Mins - Ascending Triangle:
Buy above 7290.70, T1 7351.50, T2 7450, SL 7260.30
Sell below 7259, T1 7198.20, T2 7100. SL 7289.40

Nifty - 60 Mins - Bull Flag:
Buy above 7290.70, T1 7324.70, T2 7380.25, SL 7273.70. Invalid below 7235.35

Retracement levels for the rise from 6639-7563 as:
7345.22, 7212.04, 7101.05, 6991.91, 6882.77, 6823.58

Retracement levels for the fall from 7563-7131.60 as:
7233.53, 7295.72, 7347.55, 7398.51, 7449.48, 7477.12

Bharti Airtel - 5 mins - Triangle
Buy above 338.90, T1 341.45, T2 345.60, SL 337.60
Sell below 337.15, T1 334.60, T2 330.45 SL 338.45

TECHM - 60 mins - Triangle
Buy above 1850, T1 1924.55, T2 2045, SL 1812.75
Sell below 1754.40, T1 1680, T2 1559.30 SL 1791.65

Hindalco - 60 Mins - Triangle:
Buy above 151.10, T1 157.55, T2 168, SL 147.85
Sell below 140, T1 133.55, T2 123.15 SL 143.20

Chart Analysis of RCOM, TS, IDFC, BHEL & Bharti Airtel

RCOM-60 Mins - Rising Wedge / Triangle - with Negative Divergence
Breakout above 131.50, T1 133.95, T2 137.95, SL at 130.25
Break down below 127.60, T1 125.15, T2 121.15, SL at 128.85

IDFC - 5 Mins - Bear Flag
Break down below 123.05, T1 121.50, T2 117.10, SL at 123.85

Bharti Airtel:
In 5 mins chart, there is hammer and seems correction is over at 326.20.
No negative divergence seen in 60 mins chart
If correction is over at 326.20, then expect min 40 points move i.e. till 366. Invalidation is price breaching 326.20 on the downside.

Bhel:
Seems 5 waves are over at 234.95 and correction may start soon for the rise from 172.70.

Follow retrace values for this rise:
220.25,  211.30, 203.85, 196.50, 189.15, 185.15

Tata Steel - Day => -WW Pattern
-WW Pattern will trigger if prices goes below 442 and close on daily basis for 2 days.
Sell below 442, T1 418.30, T2 380, SL at 1-3-5 line i.e. 442

RCOM-TS-IDFC Tech Table:

Chart Analysis of TECH-M, RCOM and Tata Steel

Tech M - 1 Hr - Triangle:
Buy above 1852, T1 1928, T2 2051 SL at 1814
Sell below 1743, T1 1666.80, T2 1544 SL at 1781

Tech M - 1 Hr - IHNS
Buy above 1852, T1 1900, T2 1977, SL at 1827 (or last swing low - 1800)

RCOM - 30 Mins - -WW Pattern along with hammer:
Break Down below 127.80 (already triggered), T1 126, T2 123.10, SL at 128.70 (or 1-3-5 line

Tata Steel - Daily Chart
BO occurred in daily chart (will trigger in weekly chart if weekly close is above 432)
BO above 432 (occurred),Targets will be 468, 475,487.25,539,675, SL at last swing low i.e. at 388.10

Tata Steel - Daily Charts (Small IHNS):
Probable IHNS in making IF price do not make any fresh high (454.7) and should find support near 425.50 (probable right shoulder)

BO above 454, targets 465, 468, 482, 576 Keeping SL at last swing low before BO or 439

-WW Pattern will trigger if prices goes below 441 and close on daily basis.

Tata Steel - 15 Mins - Rising Wedge:
Sell below 450, T1 445, T2 436.75, SL at 452.55

Patterns in Tata Steel, RCOM, BhartiAirtel & Jindal Steel

RCOM (5 mins):
5 waves completed from 113.60 to 119 as i of (i) of 3. Currently ii of (i) of 3 is unfolding. Retrace for the rise from 113.60 to 119 are as below:
117.73, 116.95, 116.30, 115.66, 115.03, 114.68

Probable +ww pattern in making in 5 mins chart. Price need to go below 117 and then close above it for 2 5 mins candle to trigger.
Tgt 1- 117.65, tgt 2- 118.65, SL - 1-3-5 line (117-116.50 aprx) post trigger

Tata Steel (60 Mins)
Given are the probable EW counts in TS 60 mins chart. If counts are correct, then ongoing correction should not breach 406.20. Below retrace values can be used for probable end of iv.
415.46, 412.26, 409.60, 406.98, 404.36, 402.94

In 5 mins chart, fall from 420.70 till 43.90 can be taken as a of iv, then below counts seems probable:
a 420.70 413.90 (6.8)
b 413.90 418 (4.1)
c 418 xxxx (if a=c, then xxxx could be 411.20; Min c can be 413.80 (which already done=> it means, if prices dont go below 413.80, then probably iv is over at 413.80))

Bharti Airtel (Triangle 30 mins)
Buy above 313, tgt 1 - 316.85, tgt 2 - 323, SL at 311.10
Sell below 308.50, tgt 1 - 304.65, tgt 2 - 298.50, SL at 310.45

Jindal Steel (Rectangle in 60 mins):
Buy above 249.4, tgt 1 - 255.90, tgt 2 - 262.40, SL at 246.15
Sell below 236.40, tgt 1 - 229.90, tgt 2 - 223.40, SL at 239.65

Patterns in Tata Steel and Nifty

Tata Steel: Ascending Triangle:
Break out above 404.25, tgt 1- 410.30, tgt 2- 420.10, SL at 401.25
Break down below 399.50, tgt 1- 393.45, tgt 2- 383.65, SL at 402.55

Tata Steel: HNS (Condition- Price should not go beyond 405):
Break down below 386.40, tgt 1- 366.20, tgt 2- 340, SL at 396.50

Tata Steel: +WW:
Break out above 386.40, tgt 1- 401.35, tgt 2- 425.55, SL at 378.90

Nifty: HNS
Break down below 6658, tgt 1- 6561, tgt 2- 6446, SL at 6706.50

Nifty: +WW
Break out above 6652.30, tgt 1- 6730.50, tgt 2- 6857, SL at 6613.20

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

Patterns in Tata Steel, TCS & Indusindbk

Tata Steel: Triangle (60 Mins):
Buy above 403.80, tgt 1 - 410.75, tgt 2 - 422, SL at 400.30
Sell below 396, tgt 1 - 389, tgt 2 - 377.80, SL at 399.50

Tatasteel: +WW (5 Mins):
Buy at 395 (1-3-5 Line), tgt 1 - 397.50, tgt 2 - 401.55, SL at 393.75

TCS: Triangle:

Buy above 2249, tgt 1 - 2358, tgt 2 - 2534, SL at 2194.60
Sell below 2183, tgt 1 - 2074, tgt 2 - 1898, SL at 2237.40

Indusindbk: +WW
Buy at 475 (1-3-5 Line), tgt 1 - 484.65, tgt 2 - 510.70, SL at 468.15