As we mentioned in our previous week post, the NIFTY Bank chart setup was neutral, indicating
a potential pause in the uptrend or price consolidation. We are pleased to inform you that this
view has proven accurate, as the NIFTY Bank has formed a triangle pattern on the point and
figure chart.
The current chart setup for the NIFTY Bank remains neutral. However, we would like to highlight
two important levels to monitor closely. A close above 44,310 would suggest a resumption of the
bullish trend, while a close below 43,780 would indicate a potential reversal in the trend.
In terms of short-term levels, we have identified key support and resistance areas. The NIFTY
Bank is expected to find support in the range of 43,200-43,300, which could serve as a floor for
the price. On the other hand, resistance is anticipated around 44,500-44,700, where we might
observe increased selling pressure.

Yesterday evening, we discussed RATEGAIN Stock on 'Market Kya Lagta Hai' on the Definedge YouTube Channel. Today, it surged to a high of 575, marking an impressive increase of more than 18%. We successfully achieved our targets within a single day."

https://www.youtube.com/watch?v=zBFySKfU4fg

@Virpalsinh Chauhan Sir i will record one details video on 1 box reversal chart very soon.

What a superb move... From 373 to 398

Current price pattern of TATACOMM on point and figure chart is bullish ABC and any follow through from here will be interesting. Pattern failure level will below 1530.

In our previous newsletter, we correctly anticipated that a breakout above 45000 for NIFTYBANK
would signal a continuation of the current trend, and this view played out successfully. NIFTYBANK
managed to surge by nearly 1350 points in the previous week, validating the analysis.

Furthermore, on the relative strength chart, it is evident that NIFTYBANK has been outperforming
NIFTY50. This outperformance suggests that there is a strong possibility of NIFTYBANK continuing
to outperform in the days ahead.

The current chart setup of NIFTYBANK on the point and figure chart remains bullish with an anchor
column follow-through. This indicates sustained buying interest and positive momentum.
Additionally, there is a cluster of count opens, and as we mentioned before, the probability of
achieving this cluster of count is usually high, reinforcing the bullish sentiment.

For short-term traders, it's important to keep in mind that NIFTYBANK has immediate support in
the range of 44455-44666. On the upside, short-term resistance is seen in the range of 47199-
47333

Nifty 19800 TOI indicating that there could be some weakness in Nifty from here. It was bullish from morning till now.

Nifty 50 surged 2200 points post MAST buy signal, holding for 2 months. Recent break below MAST cloud suggests a bearish trend. Will the downturn persist? #Nifty50 #P&F #Systemtrading #Objectivemethod

DELHIVERY has recently formed a triple top buy pattern accompanied by a bear trap within a robust uptrend on the one-minute time frame. Should there be any continuation in the upward movement, it would present an opportunity for a new entry. It's important to note that the pattern's failure level is located below 363. Therefore, if the stock price falls below this level, it would indicate a potential failure of the pattern.

After a significant upward movement yesterday, TANLA is currently showing signs of forming a bullish pattern. If the price surpasses the level of 1031, it is likely to gain momentum in an upward direction. However, if the price falls below 1010, the bullish pattern may fail.

M&MFIN made a high of 335 covered in yesterday newsletter. Simple pattern study with momentum works amazing.

Based on the current price formation on the point and figure chart, there is a bullish ABC pattern observed on the intraday box value chart. The presence of a series of bullish anchor columns suggests a strong bullish momentum. If this trend continues, we can anticipate further upward movement.

Stocks looks more bullish above 273 in intraday and Pattern failure level is below 265.

Current formation of Nifty bank on point and figure chart is bullish ABC breakout also proce is trading above major bearish 45 degree trendline is a sign of bullishness If trend continues we may expect some more upside move till 45386 (Marked on chart). Nifty Bank short term support is near 43300-43400 and short term resistance is 44155-44255.

Re: Sector and stock to watch for short term

More that 200 point up from recomended level and most of the stocks re up more than 10% up from there.

In the previous newsletter, it was mentioned that the chart setup for NIFTY50 was bullish, and
there was an expectation of continued upward momentum in line with the uptrend. The breadth
of NIFTY50 was in a neutral zone, indicating the potential for a strong breakout to work effectively.
As anticipated, the market performed well in accordance with the view provided.
As for the current chart setup of NIFTY50, it remains bullish, and the Point & Figure X% breadth of
NIFTY50 still indicates a neutral zone. Therefore, any breakout in the direction of the prevailing
trend is likely to be successful.

However, it's important to note that there is a concern about the high disparity in the current
scenario. This suggests that there might be some price or time consolidation in the future.
Traders and investors should be prepared for the possibility of temporary pauses in the trend.
To resume the current uptrend, a close above the level of 19822 will be a positive signal. On the
other hand, if NIFTY50 closes below 19320, it could be the first indication of a potential trend
reversal.

For short-term traders, it's relevant to consider that NIFTY50 has support in the range of 19200-
19350, and resistance lies in the range of 19999-20111.

The present price pattern of RVNL on the point and figure chart indicates a Bullish ABC breakout.
On every box value chart, RVNL is displaying a bullish trend, and if this trend persists, there may
be further bullish momentum ahead. Additionally, the price is currently trading above the 10-
column moving average, signalling an upward trend.

As long as the price remains above 118, the pattern is likely to maintain its bullish outlook. One
should closely monitor the price movement for potential entry points, considering the positive
trend and the breakout pattern. However, caution is advised, as any failure to sustain above 118
could invalidate the current pattern.

The price pattern of INOXWIND on the point and figure chart is exhibiting a bullish ABC pattern, making it one of the outperformers in the short term when compared to the Nifty 500 index. If the current trend persists, there is a possibility of further bullish momentum in the stock's price. However, it's essential to note that the pattern could fail if the stock price drops below the critical support level at 185.