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2. HIGHLIGHTS
TODAY WE HAVE IDENTIFIED TWO PATTERNS ON HOURLY
CHART.
ONE IS BUY SBI ABOVE 1850 FOR TARGET LEVELS OF 1920
AND 2000. SBI IS MAKING FALLING WEDGE ON HOURLY
CHART. THIS PATTERN WILL ACHIEVE A BREAK OUT ABOVE
1850
THE SECOND IS SELL ONGC FUTURE BELOW 276 FOR TARGET
OF 260. ONGC FUTURE IS MAKING SYMMETRICAL TRIANGLE
ON DAILY CHART. THIS PATTERN HAS ALREADY ACHIEVED A
BREAKOUT AT 279 BUT ONE CAN EXPECT SELLING TILL 260.
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3. ONGC – SYMMETRICAL TRIANGLE
SELL BELOW 276 FOR TARGETS OF 270/260 SL 278.10
ONGC FUTURE IS MAKING SYMMETRICAL TRIANGLE ON DAILY
CHART. A BREAK OUT HAS ARRIVED BELOW 279 AND IT IS
CURRENTLY AT 276.15. ONE CAN EXPECT SELLING WITH TARGETS
OF 270/260
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4. SBI – FALLING WEDGE
BUY ABOVE 1850 TGS 1920/2000 SL 1790
SBI IS MAKING FALLING WEDGE ON HOURLY CHART.IT WILL
ACHIEVE BREAKOUT ABOVE 1850. ONE CAN BUY ABOVE THIS
LEVEL FOR TARGETS OF 1920/2000. A SMALL STOP LOSS IS
RECOMMENDED AT 1790
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