Explanation on Chart.
It is on the verge of an Inverse Head & Shoulder Breakout at 445. It could rise till 475-490 (with minor resistance at 455-460 - island reversal zone) as long as it does not breach 435
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In Daily Time Frame it has come into the PRZ of Harmonic Trading Patterns. Bullish AB=CD as well as a Bullish Reciprocal AB=CD. In Weekly Time Frame it has come to the strong support of an Ichimoku Kumo. Both appear to be in line between yesterday's low and 1120. It could retrace back to 1200-1225 if the support levels are respected.
Security is trading between 116 and 120. Upper limit is 122. Bulls will be active above 122 if sustained for 15 mins. Bias - Bullish ⏫ Note - Please wait till the levels are active. View negated if stock is below 116 on closing basis. This is an educational idea which would be updated on further price action observations. In no ways it is a buy/sell recommendation.
Level mentioned in chart it-self
We can see an inverse head and shoulders formation in the hourly charts of nifty. Accordingly an upmove is expected. Traders gear up.
Reverse Head & Shoulders formation in dialy charts expect target of around 2020 if setup is complete. Constructive criticism and opinions are appreciated. Thank you!
Reverse head and shoulders observed bullish expectations PS: Constructive criticism and opinions are appreciated. Thank you!
Should I declare the official end of the bear market? and the beginning of the accumulation phase to the moon. This is the chart of BTCUSD Weekly RSI. The RSI has completed its cycle up and down. And now its time for Bitcoin to move upwards. Merry Christmas & prosperity to yll * Not an investment advice. SEE YOU ON THE MOOOOOOOOOON
Adani Gas CMP 105.80 On a day like today when Nifty is struggling, Adani Gas is up 10% What this reflects is 1 Every chart can have its own story.... & 2 We always hear "No one can time the market..." .Sure... There is no denying... Adani Gas took 6 days to break free... But when it did today... The result is infront of us. so if you are...
Perfect Bull Trap, sideways few candles yesterday, surged ahead with high volume into trap, gapped down heavily... on the verge to break previous swing low.... (Ideas for Education Purpose)
by just analysing the structure of market on hourly frame it seems that the downtrend may not resume unless and untill nifty holds 11014 on closing basis ! we can then see further gaps getting filled due to it ! lets just keep a track at levels closely!
1st day of week on Monday 2nd April Nifty -0.04% 50 index managed to open positive and witnessed sustain buying interest throughout the day. It managed to hold and surpass the Hurdle 10158 and headed towards 10220 levels. Bulls recovers with sustaining pulls up to the bears, It managed to hold above previous weeks’ close and formed a Bullish candle on the daily...