EURUSD Bear Flag Pattern Formation first support @ 1.2750 then 1.1800

Bear Flag is a sharp, strong volume decline, several days of sideways to higher price action on much weaker volume followed by a second, sharp decline to new lows on strong volume. 
The technical target for a bear flag pattern is derived by subtracting the height of the flag pole from the eventual breakout level at point (e). 
Even though flags and pennants are common formations, identification guidelines should not be taken lightly. It is important that flags and pennants are preceded by a sharp advance or decline. Without a sharp move, the reliability of the formation becomes questionable and trading could carry added risk. Look for volume confirmation on the initial move, consolidation and resumption to augment the robustness of pattern identification.

Bearish flags are comprised of higher tops and higher bottoms. "Bear" flags also have a tendency to slope against the trend. Their trendlines run parallel as well.

• Sharp Move: To be considered a continuation pattern, there should be evidence of a prior trend. Flags and pennants require evidence of a sharp advance or decline on heavy volume. These moves usually occur on heavy volume and can contain gaps. This move usually represents the first leg of a significant advance or decline and the flag/pennant is merely a pause.
• Flagpole: The flagpole is the distance from the first resistance or support break to the high or low of the flag/pennant. The sharp advance (or decline) that forms the flagpole should break a trend line or resistance/support level. A line extending up from this break to the high of the flag/pennant forms the flagpole.
• Flag: A flag is a small rectangle pattern that slopes against the previous trend. If the previous move was up, then the flag would slope down. If the move was down, then the flag would slope up. Because flags are usually too short in duration to actually have reaction highs and lows, the price action just needs to be contained within two parallel trend lines.
• Break: For a bullish flag or pennant, a break above resistance signals that the previous advance has resumed. For a bearish flag or pennant, a break below support signals that the previous decline has resumed.

Targets: The length of the flagpole can be applied to the resistance break or support break of the flag/pennant to estimate the advance or decline.

Looking at the chart EURUSD is trading below the critical resistance of 1.3425 and is expected to give a sharp continuation of down trend from current level. If the resistance of 1.5425 is holding and sustain trading is seen below 1.3200 will continue in negative trend where on lower side it will move and test the lower level where it can test the level of 1.2750 support level.  It will given breakdown at 1.2750 where point E is expected to test and sustain trading below 1.2750 will confirm the down side breakdown of the Bear Flag

Pattern Height of the Pole is 950 Pips (1.3700 – 1.2750). Immediately it is expected to test support at 1.2750 and Bear flag pattern breakdown is expected at same level. Sustain trading below 1.2750 will bring lower level target of 1.1800[(1.3700 – 1.2750)-1.2750] height of the Pole from the Breakdown point of 1.2750 level.

NIFTY positional view First 4500 then 2500 Bottom to test then 10100 - 11600

NIFTY positional view: First 4500 then 2500 Bottom to test  then Bull flag patter formation for target of 10100 and 11700 level CMP is 5340
NIfty base 1 starts from 900 and base 2 starts from 2500 where i am looking at Bull Flag Pattern with Base 1 and ecpected to test 2500 flag base. point D @ 2500 and then uptrend will continue. Where Breakout will be seen  6300 with target of 11700 in 10 years time by 2024 - 2025. Befor looking at higher target lower level are confirm with 2500 by  3nd or 4rd Quarter of 2014.

Rupee i am looking at 78 - 80 in near to medium term..

USDINR resistance @ 65.25 -* 65.35 short dip till 63.25 might be seen but trend is up for 70

USDINR is trading above 65 i am looking at  65.35 resistance on higher side,, days high it posted is 65.35.. short pull back might be seen and support of 63.25 - 63 might retest before reentering the higher lvl of 67 - 70 per $ in near term.

Alert : if sustain trading is seen above 65.35 closing on weekly basis might test 67 -  67.5 immidiately...

6th August report on Nifty targeting 4500 rock bottom support and 2500 if 4500 is crossed

Trading Call: Sell at the level of 5590 Target of 3800 – 3200 – 2500 levels.

Previous report sell call @ 5590 is expected to test target of 5350 – 5100 – 4850 level as 5750 is holding on closing basis.

Nifty if we look at the Pattern formation its getting strong reversal from 6200 level of closing basis and if sustain trading is seen below 5500 will test it straight to test the next rock bottom support level of 4500 where previous 2011 December  bottom was seen and reversal was seen in market. If on weekly closing below 4500 is sustain then might fall further where 3800 to 3200 is confirm and might also move to test the level of 2500 which was 2008 year end Bottom level of 2500. There is a high probability market will take a small support at 4500 and a short bounce might be seen but if the same is broken then 2500 is not where in medium term. 

My advise y people should be Stocking foodgrain and market corelation

RED ALERT :: Hello Friends stock the food which u can for the peroid of 2 years,, Rupee is expected to test 67 - 68 soon as my tgt of 63 is achived, now in worst case senerio if it moves above 68 might test 74 - 78 soon. this will bring civil unrest in economy,, if u look at price of ONION at at sky rocket, and this is just the begining ,, if petrol price rised which i expect soon to happen where my Crude oil report can look at my blog is to test 153$ from curent level of 110 $ might ride the inflation with rise in deasel and petrol prices,. cost of each item will rise and hope every one make a safe ground as soon as possible, advise to stock Pulses and grain as much as they can for safer side. , CIVIL Unrest means there will ba a JOB CUT and Closure of some mal industry.. we have seen Kingfisher going bankruptcy,,, this was just 1 company but i have a perception there are many who is going to get default soon and Banking sector which is one of the backboon of any country will be hit as one can look at the BANKNIFTY and Banking stocks one can get idea what will be the situation if i say Banknifty will test level below 4000 and can test 3300 where CMP is 9000 and i have been saying form 11000 lvl about the fall... what will be the case if the rates remain at the bottom for good amount of time where recovery will not be fast enough,, 

Botttom line : I am looking at CIVIL unrest if nifty cross 4500 rupee cross 68 and BAnk nifty crossing 7700... as said : this Ganpati and Diwali things might get clear,, PRAY for the best ,, do not want to look at the dark years like 1975 - 1977 ... 

Rupee alert Buying target 63 achived and next move will test 67

USDINR bu ycall @ 62.42 tgt 1 achi veed @ 62.55 tgt 2 @  62.7 tgt 3 @ 62.85 we wait for higer tgt

* USDINR MCX BUY @ 62.80 STOP @ 62.65 TGT 62.90 63.00 63.10 - 8/19/2013 16:01
previsou cal ltgt 3 almost down at 62.85 high at 62.8450

USDINR buy call @ 62.80 tgt 3 achived @ 63.1 CMP is 63.2 high at 63.28 : fresh call BTST with ::  *

USDINR MCX BUY @ 63.20 STOP @ 63.05 TGT 63.35 63.50 - 8/19/2013 16:47

Dollar Index Chanel Trading expected to test 85

Dollar Index CMP is 81 Expected to test 85

Channels

If we take this trend line theory one step further and draw a parallel line at the same angle of the uptrend or downtrend, we will have created a channel. No, we're not talking about ESPN, ABC, or Cartoon Network.

Still, this doesn't mean that you should walk away like it's a commercial break- channels can be just as exciting to watch as America's Next Top Model or Entourage!

Channels are just another tool in technical analysis which can be used to determine good places to buy or sell. Both the tops and bottoms of channels represent potential areas of support or resistance.

Types of channels

There are three types of channels:

1 : Ascending channel (higher highs and higher lows)

2 : Descending channel (lower highers and lower lows)

3 : Horizontal channel (ranging)

Important things to remember about trend lines:

• When constructing a channel, both trend lines must be parallel to each other.
• Generally, the bottom of channel is considered a buy zone while the top of channel is considered a sell zone.
• Like in drawing trend lines, DO NOT EVER force the price to the channels that you draw! A channel boundary that is sloping at one angle while the corresponding channel boundary is sloping at another is not correct and could lead to bad trades.