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Seems like Dow Jones has been finding resistance at the consolidation breakout target zone. If it fails to move above the recent high in the next few days chances are there it might correct over the short term.

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inverted Head and Shoulder pattern: The inverted head and shoulders pattern is a reversal pattern often observed in technical analysis. It typically indicates a trend reversal from a downtrend to an uptrend and consists of three troughs with the middle trough (head) being lower than the other two (shoulders). Connecting the highs between the troughs (shoulders)...

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The stock looks to complete a AB=CD pattern around 1870-1900

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Double bottom breakout: A double bottom pattern is a bullish reversal pattern in technical analysis that signals a potential change in trend. It forms after a downtrend and looks like the letter "W." This pattern consists of two distinct troughs at approximately the same price level, separated by a peak in between. Also, a positive divergence is visible on hourly RSI

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If i dare to draw a poll flag poll pattern (flag breakout) on Nifty monthly chart what would you call me? Over ambitious or insane?

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Harmonic pattern in progress is seen on the daily chart of Nifty with a potential reversal zone at 20450-20500.

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NIFTY PSUBANK Index moved up after a falling channel breakout. The move might take the index towards 6770 over the mid to long term.

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After a falling sharply Nifty reached at the historical swing high where it might find immediate support. A decisive fall below 18900 might trigger further serious correction.

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Will it take support around the historical peak, or will it complete the ABCD pattern? On the daily chart, we can observe that Reliance is attempting to find support at its previous peak after undergoing a significant correction from its high of 2621. A decisive drop below the historical swing high, which is located at 2339, could potentially trigger a further...

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Nifty has formed an Inverted Head and Shoulders pattern on the hourly chart, and the price has been trading above the neckline of this pattern. Based on this formation, it is anticipated that the index will move higher in the near term. Resistance is currently situated at 19,700, and if the price continues to trade above this level consistently, it may propel the...

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Nifty has completed the Reciprocal ABCD pattern on the daily chart, accompanied by a prominent hammer pattern. Additionally, there is a subtle hidden positive divergence in the RSI.

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Harmonic reciprocal ABCD has formed on the daily chart of SIEMENSE. PRZ around 3510. A decent recovery is likely from that level. Also, PRZ is around the rising trendline. NB: Not a stock recommendation for Buy or Sell. For educational purpose.

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The Nifty has been sustaining below the 21EMA, confirming the ongoing bearish trend. Immediate support seen now at the rising trendline. A close below the said trendline might increase the selling pressure in the market. A sell on rise market to remain intact as until Nifty moves back above 19750 decisively. On the lower end support is placed at 19480.

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The pharmaceutical sector is once again showing signs of activity, thanks to a consolidation breakout in the Nifty Pharma Index. The index found support around the 14,500 mark, where multiple previous lows are clearly evident. Furthermore, RSI is poised for a potential breakout from a descending channel. This situation appears promising for a potential...

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Nifty might complete the Bullish Harmonic AB=CD pattern around 19300 and may move up towards 19550-19750. Then it may correct back towards 18800 and will halt there to complete the BAT pattern.

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Price has completed perfect ABCD pattern on the daily chart

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May come down towards 1600 in short term

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Nifty has completed a BAT pattern on a daily chart... expecting a sideways to slight negative movement before further rally...