Can we say it as a strong cup and Handle? Since it has formed Handle as a Ascending triangle in day Timeframe which is also the indication of strong Bullish movement. can we say it a strong bullish movement which is gonna take with in a week or may be 2-3 days. BAJAJ_AUTO Day Timeframe cmp = 3879.3 Just for Educationa Purpose. Please Invest on your own idea and risk.
Marico has provided an inverted head and shoulders breakout in the weekly timeframe, can be confirmed with huge volume during breakout.
should I trade in F&O or stay in EQUITY? at least you should stay positive for 60 days.
here an example of how can you use the trend line to simplify the market trend.
As you can see in the chart the Elliot wave is showing clearly uptrend.
This Idea is my Bank of Baroda Positional Trade in diwali. Posting this because I got one query for my Recent BHEL Idea, where I've used similar Technique. As you can see 57 level marked with blue line is the level from where stock gave breakout twice, 2007 & 2009. it was a strong Resistance back then. In 2007 it moved from 54 to 92 In 2009 it moved from 54...
LINCLON BULL FLAG OR PENNANT? either side of triangle a good move is expected
A parallel channel which can also be termed as a price channel is a tool to identify a share’s price in bounded parallel lines. It can be horizontal, ascending or descending. It’s a great tool for those traders who believe or trades with the idea of Price action. A parallel channel can be formed when the price of a security is restricted by supply and...
Educational Post only !! A cup and handle seems to be forming on Pidilite - 4 Hour chart. If it holds true there may be upside movement to 2000 - 2025 zone.
Potential breakout, as stock is already moving up, buy above 337 set strict SL 327.
I can interpret an upcoming breakout in this chart is so many ways. This is why technical Analysis isn't difficult. One just needs to have an eye and correlate. I'm not giving any Stop loss or Targets here. This is for you guys to interpret it the way you like and take your decisions. If it fails, this chart would tell you why it failed as well. Those who want...
Levels and detsils are clearly mentioned on chart
Logic 1) H&S pattern formation 2) Major trend is sideways, (if we see for a long term trend ) 3) Even after breakdown we have to wait for the supportzone, so taking a short call should be with confirmation. 4) 200 moving average is acting as support ,closing below it will intiate a fresh selling. I am not recomending anything it is just an observations
A Bullish Engulfing Pattern has been formed on the counter of FORCE MOTOR. Keep Close Watch.
QUESS likely to form a BULLISH candle pattern here. Keep watch