Nifty technical chart Triangle

Hi friends,
                   Looking at nifty chart yesterday expectation was a slow drop corrective in nature
which pretty well happened old post NIFTY.
Now nifty as i discussed yesterday could be forming a triangle and we are in d leg

Now if 6200 is held we should attempt 6300 to complete d leg ,Lets see how nifty
moves today.

If we don't rise from 6200 there could be a chance that d leg finished at 6272 ,Have to see
that Triangles keep you guessing till they finish.

Nifty Technicals Today

Hi friends,
                  Nifty yesterday went above 6250 which suggests i need to get in alternate
count too in picture.
A triangular shape is emerging on nifty.

 Looking closely the move up from the low i read it as ..

 

So i am looking for a small dump followed by some sideways move and head higher
for e wave.
Lets see how nifty unfolds

TCS Technical chart

Hi friends,
                  Revisiting TCS chart ,Had posted this on dec 29th stating at least 2300 was possible
even higher levels today stock crossed 2300 and closed above it with handsome gains
Refer to old post TCS TECHNICAL CHART .

Present situation positional traders can look to book profit more patient ones
can hold with traling sl at 2300.

The steep channel was broken upward at 2300+.

Nifty Technical chart Analysis

Hi friends,
                   Revisiting nifty again its been in same range for about a week now
6250 to 6140 either side break we can expect some trending move,Retest of breakdown
trendline took place yesterday,I expect one more retest by this week to complete pattern
for down sidemove to continue.

Lets wait for the range to break ,To witness a trending move ,Last week saw many intra whipsaws
which took lot of intrday stoplosses.

Trade wisely

Regards
Rish