Unit of Technical Analysis

Reliance after completion of 1.618 had a breakout from trendline and had closed below the 50% level of range (from top ATH to bottom), closing above 50% levels of 2605 will be good for further upward movement upto 2688. below 2604 suppor twill bet at 2527 (0.235 level)

Entering Nifty wil SL below day's low

Relaince after 1.618 retracement completion Tren breakout and back testing too. hope it sustains and takes Nifty to new highs

The Reversal given yesterday on 15 minutes chart.

as per Nifty Daily Chart Support 0.5@17862 0.236 @17731

last 2 days the closing has been above 18035 which seems good...

hopeful backtesting done

A breakout seen on the chart, hopefully there will be a back testing too around 18035 levels

Nifty Cup and Handle

Reliance has completed a reversal 1.618, hope to see some upside movement here on. Also may few das of consolidation around these levels.

17812 is 50% of the range formed

Yesterday's low has been a good support 0.236 for Nifty, so positive for Nifty for an uptrend. Nest target 0.5 level

Coal India: Monthly Breakout + Bullish Divergence in Weekly chart

Coal India, Watch for Coal India can double from here in next 15-16 months.

17965 is the next support for Nifty to rest

17700 as SL If goes below we will try once more around 17684 if it gives a setup

Looks like a favourable entry Risky can buy above 17760 closing basis

17764 done waiting for 17684

downside expected in Nifty till 17764-17684

The Right Fibo has taken support @0.236 levels