Tatamotors Charts

Staying below 371 - 10 DMA - it would be a breakdown of an Inverted C&H pattern - targets as low as 340 levels.

Moving past 371 and an EOD close above it would take it to 380 levels and above - failing the inverted C&H pattern.

BANK NIFTY WOLFE WAVE

A Bearish Wolfe wave has developed in Bank Nifty Day Charts.

Probable Fast fall set up in 5min BNF

Probable Fast Fall setup with Inverse Cup with Handle/Desending triangle Breakdown at 11340.



Invalidation of the Inv Cup handle Pattern is above 11500
Negation Point of Fast Rise is above 11430

The probabale target as per the pattern is around 11200 - 11150 levels

NIFTY WEEK CHART

BULLISH GARTLEY PATTERN IN BANK NIFTY

Update on Bullish Gartley Pattern: 30 Aug 2012: 11.15 AM:

The First target of the leg D of the  Bullish Gartley pattern at 113% retracement is achieved at 9980. If supported then upsides to,

38.20%	10225.94
50.00%	10305.00
61.80%	10384.06

Failing support at these levels would lead to

113.00%	9980.08
127.00%	9898.32
141.40%	9814.22
161.80%	9695.09

Bullish Gartley Pattern:
XA - 9622 - 10782
B - 10056 - 61.8% retr
C - 10640 - approx 78.6% retr of AB
Holding C, Proj for D:
61.8% - 10279 - DONE
78.6% - 10180
88.6% - 10122
113% - 9980 - done
127% - 9898
141.4% - 9814
161.8% - 9695

UPDATE ON GARTLEY PATTERN: 9 aug 2012 - 1.00 pm:

The Bearish Bat Pattern mentioned on Aug 3 is completed to form the C - @ 10649 78.6% retr of AB of the Bullish Gartley pattern.

Bullish Gartley Pattern:
XA - 9637 - 10782
B - 10056 - 61.8% retr
C - 10640 - approx 78.6% retr of AB
Holding C, Proj for D:
38.2% - 10417
50% - 10348
61.8% - 10279
88.6% - 10122


UPDATE ON GARTLEY PATTERN:  3 AUG 2012. 12.00 noon

Gartley Pattern in Day Charts:

More Lows only on close below the TrendLine.

If Supported here it would be forming a small
Bearish Bat Pattern with,
XA -10782 - 10056
B - 10458 - 50% -retr of XA
C - 10209 - 61.8% retr of AB
Proj for D:
61.8% - 10362
88.6%- 10429

BULLISH GARTLEY PATTERN IN BANK NIFTY:
A Bullish Gartley Pattern has developed in Bank Nifty as shown in Hour Charts.

Bullish Gartley Pattern:XA - 9637 - 10782
B - 10056 - 61.8% retr
Projections for C:50% - 10419 - DONE
61.8% - 10504
70.7% - 10569
78.6% - 10626
88.6% - 10699

JUNE 28 BANK NIFTY FUTURES 5MIN

Below todays Low 9935 - the fall would be severe as a symmetrical/Contracting triangle would be broken downwards. Break of 9935 would be a Breakdown of H&S pattern too!!!

A LARGER VIEW OF THE CHART:

The triangle in Harmonic Chart:

BULLISH BAT PATTERN:

XA - 9045 - 10185
B (current) - 9584 - 50%
C(current) - 10185 - 100%
For D with C at 10185
50% - 9884
61.8% - 9813
78.6% - 9712
88.6% -  9652

Bank Nifty Harmonic Pattern May 31

Update June 14:

The Bearish bat pattern is almost complete with the initial target of D at 161.8% - 10198.

BEARISH BAT PATTERN:
XA -10645 - 8995
B - 9783 - approx 44.7% retr of XA
C - 9110 -  85.4% retr of AB
Projection for D:
9870 - 113% retr of BC
127% retr of BC - 9965
141.4% - 10061.62
161.8% - 10198.91

Development of Bearish Bat Pattern in Hour Charts:

BEARISH BAT PATTERN:

XA -10645 - 8995
B - 9783 - approx 44.7% retr of XA
Proj for C:
38.2% - 9482
44.7% - 9430
50% - 9389
61.8% -9296