Wednesday, February 19, 2014
Tuesday, February 18, 2014
Monday, February 17, 2014
Sunday, February 16, 2014
Friday, February 14, 2014
Friday, February 7, 2014
IFCI Chart Analysis - 6Feb14
In 60 Mins TF - IFCI is trading in channel. Expect breakout above 23 or breakdown below 22.1-22.2 for the target points of 0.9 in the direction of break.
In below chart, if we observe below may be resistance and supports in 60min TF
Resistences - 23.3-23.4, then 23.8
Supports - 22.4, then 21.8
In below chart, if we observe below may be resistance and supports in Daily TF
1st restence - 22.9
2nd resistence - 23.6
1st support - 21.5
2nd Suport - 21.2
In Weekly TF, weekly hammer is in making. A close on friday between 22.4-23.37 will validate this
pattern.
In below chart, if we observe below may be resistance and supports in 60min TF
Resistences - 23.3-23.4, then 23.8
Supports - 22.4, then 21.8
In below chart, if we observe below may be resistance and supports in Daily TF
1st restence - 22.9
2nd resistence - 23.6
1st support - 21.5
2nd Suport - 21.2
pattern.
Nifty Update - 6 Feb 14
60Mins TF - Nifty is moving up in a channel making higher highs and lower lows in last three sessions. Bear made 3 unsuccessful attempt to close Nifty below 200DMA. Looking at the channel, there may be breakout above 6048 or breakdown below 6000-5990.
If breakout above 6048, then T1 - 6070, T2-6118, SL 6036
If breadown below 6000, then T1 - 5978, T2-6030, SL 6012
Week TF - Weekly hammer is in making. A close on Friday between 6071-6117 will validate this pattern.
If breakout above 6048, then T1 - 6070, T2-6118, SL 6036
If breadown below 6000, then T1 - 5978, T2-6030, SL 6012
Week TF - Weekly hammer is in making. A close on Friday between 6071-6117 will validate this pattern.
Wednesday, February 5, 2014
RCOM Update - 4th Feb 2014
RCOM has formed INHS pattern in 60mins TF with below points:
Shoulder - 126.35 - 126.4, Neckline - 123.55, Head - 115.50
BO above - 126.4
T1 - 129.25, T2 - 137.3. SL - 124.9
RCOM has formed -WW pattern in 60mins TF with below points:
1-123.85, 2-115.50, 3-125.35, 4-121.45, 5-126.4
Min tgt = 122.9, Max tgt = 114-116, SL = 128.15
The below charts is showing probable EW counts in Daily TF. As per counts, RCOM is in ii wave of C of 4th and expecting it to touch the upper line of the channel around 130.5-131 and thereafter iii wave may commence in downwared direction.
End of C wave can be inferred from retracement leves for the fall from 137.45-115.5. Also, if this is iv wave, then it should not go beyond 91.85 (which is end of 1st wave)
Shoulder - 126.35 - 126.4, Neckline - 123.55, Head - 115.50
BO above - 126.4
T1 - 129.25, T2 - 137.3. SL - 124.9
RCOM has formed -WW pattern in 60mins TF with below points:
Min tgt = 122.9, Max tgt = 114-116, SL = 128.15
The below charts is showing probable EW counts in Daily TF. As per counts, RCOM is in ii wave of C of 4th and expecting it to touch the upper line of the channel around 130.5-131 and thereafter iii wave may commence in downwared direction.
End of C wave can be inferred from retracement leves for the fall from 137.45-115.5. Also, if this is iv wave, then it should not go beyond 91.85 (which is end of 1st wave)
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