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P&F Weekly: 21st January 2018
  • : January 21, 2018
  • : Definedge Research
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Chart  1 : Nifty PSU Bank / Nifty 50 RS ( Relative strength) chart
Observation :  Cluster of Fibonacci ratio is around 329-330 and and RS chart has taken support near that level . Any double top buy level will be interesting from here

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Chart 2 : Nifty PSUBANK 0.25% X 3 CL P&F Chart
Observation : Price has taken support  near Fibonacci ratio  and has given a sign of reversal
 
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Chart 3 : RS ranking score

Below are few P&F chart formations for your observation if Nifty setup remains bullish. Click here to know setup on daily basis.


1) INDIANB
Pattern activation level: Above 387 (Closing basis)
Pattern failure level upon activation: 376 (Closing basis)
Observation: Ziddi bulls  , Weak breakout , Double broadening

indianb

2) SBIN
Pattern activation level: Between 307-309
Pattern failure level upon activation: 302 (Closing basis)
Observation:  Triangle breakout , Low pole

sbin


 
DEFINEDGE CONFERENCE ON MARKET ANALYSIS

3) BANKBARODA
Pattern activation level: Above 166 (Closing basis)
Pattern failure level upon activation: Below 162 (Closing basis)
Observation: Triple top buy , Probable catapult , 100% pole  , Support near fibonacci ratio

bankbaroda

4) PNB
Pattern activation level: Between 175-177
Pattern failure level upon activation: 170 (Closing basis)
Observation : 100% Pole , Trap follow through

pnb


Disclaimer: charts are shared for education purpose only.