Charts for the Day

[anil_s_trivedi]

Nifty update:

Although we are in uptrend on daily and hourly too. One of studies on hourly telling the things getting stretched here at 7845 zone.

So cautious while holding positions, also markets near to and breached ATH.

 

[anil_s_trivedi]

I am no fan of patterns, but have spotted this one. WW lovers will put more light on it.

 

[umesh12]

I am no fan of patterns, but have spotted this one. WW lovers will put more light on it.

Nice try, Anil bhai
Though it has formed, but this -ww has yet to trigger
As it can move up side, still.

Ed
BTW
You need not extend 2-4 line to the left of point 2

 

[anil_s_trivedi]

Nice try, Anil bhai
Though it has formed, but this -ww has yet to trigger
As it can move up side, still.

Ed
BTW
You need not extend 2-4 line to the left of point 2

Dear Umesh,

Thanks for the inputs...

 

[sudhakars]

Hi Anil,

I think there is no confirmation on volume but the TLs are valid, Hope it will trigger tomorrow. For your information, we have one more WW on Indiacem hourly...

Regards,

 

[umesh12]

Hi Anil,

I think there is no confirmation on volume but the TLs are valid, Hope it will trigger tomorrow. For your information, we have one more WW on Indiacem hourly...

Regards,

Yes, it may trigger tomorrow, we can only hope for it
As far as ww in stocks is concerned, there can be hundreds of ww possible every day

 

[timepass]

I am no fan of patterns, but have spotted this one. WW lovers will put more light on it.

Good observation. But the convergence of the lines 1-3-5 and 2-4 looks quite far ahead.

Looked at from another perspective, it could be an inverted H&S breakout with +200 pts target !!!!!!!!!!!!!

 

[Riskyman]

+200 pts target !!!!!!!!!!!!!

350 if I have measured it right!!. Key is to trade and close above 7890 Imo and we can be looking at 8250!!. I would be damned if we got there as valuations will look way too stretched.

 

[Riskyman]

I am no fan of patterns, but have spotted this one. WW lovers will put more light on it.

Thanks Anil. Not sure why 2&4 slant so low on your charts towards 7250 levels. My 2&4 suggest EPA can be around 7450 odd levels if the WW develops. Can you re-check your charts please?

 

[Riskyman]

We have had 5 consecutive green days on the Nifty including today. Never before in the last 12 months (Except between 4th march - 10th march where 5th march closed 1 pt in the green) Sorry this has nothing to do with the discussion here. Just noticed it and thought would share