kaladharand

kaladharand

Petronet looks bearish as it has broke down from the channel pattern and breached 250 which is a strong support. Further can expect a downfall 241.

kaladharand

Bank nifty is looking bearish. As it has made series of new Higher and Higher low. But in the month of august it cannot make new higher and and formed a lower high around 22400 level and reversed, which is a good sign of reversal. It is also forming a head and shoulder pattern. 21000 level is being a very strong support where banknifty has bounced back three...

kaladharand Updated 

Nifty 50 is facing resistence @ previous swing high and failed to make higher high. Instead it has formed a Double top pattern showing sign of weakness. Nifty is expected to go down where the previous swing low will be the next target. Disclaimer: This analysis is purely for educational purpose. Do not trade based on this idea.