A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown.
LIC housing finance have strong resistance at 297 in weekly chart and resistance of 275 in daily chart. if it breakout above 275 then we can see levels of 2...
Bearish ABCD Pattern Rules
1. Point D must be higher than point B.
2. In the move from C up to D there can be no lows below point C, and no highs above point D.
3. Determine where D may complete (price)
4. Determine when point D may complete (time) for additio...
We see Bank Nifty further upside till 23460 and once it closes above it on 22nd of July then on 23rd it may even test 24000 levels . However if it takes resistance at 23460 then it may again test levels of 21940 and 21048. We expect to buy Bank Nifty fut between 22800-22850 for th...