Bank Nifty - Symmetrical Triangle

Extracting Triangle contn.....

As posted earlier about extracting triangle ,Nifty looks like goin forward for its second bottom at around 3900-3850 lvl ......also a strong HNS pattern here cant be ruled out , its neckline comes around 4100 ....

First thing now will be closing below 4450 will take Nifty to 4350-4300 lvls ......if doesnt then another bounce can be expected .....Lets C

HNS Formation on SBI ??

SBI has already formed left shoulder 1817-40 lvl with head formation at 2039 n have bounced from the neckline at 1670 and now moving to form the right shoulder .......lets wait n watch if it does so

Sensex Monthly

This chart n trendlines has been done by My friend Rohit Rastogi ........I have just labeled it , I think have represented A and B wrongly .......I dont know why I have done that but it would be all different market if this works .....watchout for red line shown by Rohit bhai

Extracting Triangle on Nifty ??

Mr Vivek patil is suggesting formation of extracting triangle on sensex chart may form also on Nifty ....will post details later

Head And Shoulder Formation on day chart

Nifty formed HNS pattern on 5 day chart with Double shoulder on left , which arises possibility of touching 4450 ....also another shoulder formation cant be denied if Nifty stays above 4570 [:)]

Nifty forming Flat 3-3-3-3 on intra charts

As we see above Nifty forming flat ....watch out for the breakout ....will post details later [:)]