Notes 21 Apr 2020

21ST APR 2020

Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns


1 Hr Bearish W wave is in the process of formation Nifty top 9292, Bank Nifty 22150


Nifty Bearsih W wave is active ? Let see ...No positional longs below 9300👍
-----------------------------------------------------------------------------------------------------------

1Hr TF Nifty broken previous resistances at 9024,9129, 9260 & now at 9295

Nifty 9300 above buy for target of 10000 ( but watch RSI divergence)

Nifty Daily 20 ema 9054
Nifty 1 Hr 20 EMA 9205
Nifty 1 Hr 100 EMA 8954  --- Hold positional shorts

Keep eye on 9148 level as pivot as sgx indicating down side
----------------------------------------------------------------------------------------------------------

Banknifty Daily 20 ema 20442 is pivot level now

100 EMA & ST 19844 below hold shorts

------------------------------------------------------------------------------------------------------------
HDFC Life C&H pattern in 1 Hr TF

Hold/add longs above 490 target 570 (cmp 495)

Add option 15 range for target 30.
--------------------------------------------------------------------------------------------------------------
Maruti hold shorts below 5151

Bajajfinserv 1hr 100 ema 5017 above target 5676 ( cmp 5016) 

sell below 4800 

go for option range 100 for 200 target