Inverse Head and shoulder pattern.
This pattern appears when a trend is about to reverse.
After years of down trend, stock is showing trend reversal on weekly charts.
Huge volumes indicate there is accumulation complete.
Accumulation phase is followed by participation phase.
Here Participation phase and pattern breakout will go hand in hand.
Chemical stocks...
Technical Overview
*XABCD Bullish pattern forming in Daily timeframe.
*Price has sharply reversed from Point D today, a bullish Harami pattern has formed on the Daily candlestick timeframe.
Volume Analysis
*On Balance Volume(OBV) divergence shows bulls have already joined the party.
*Buy on Dips. Follow proper risk management techniques.
Target 1= 985+ (for...
📚 LEARN MORE
💰 EARN MORE
FLAG pattern Definition:
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an...
This is the fourth video of the topic basics of the stock market. The video deals with the support and resistance level in stock market price action.
#supportandresistance #basicsofstockmarket
This stock has a Market cap of just 159 cr.
I just happened to see the stock with a HUGE volume bar.
I drew the line from the top connecting the resistances and found it to be a BREAKOUT.
Then, I spotted another squeeze and connected the supports and resistances after which I spotted the same pattern on the RSI as well.
Next I plotted the 50 & 20 DMA and found...
Megaphone pattern is a pattern which consists of minimum two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is better the pattern will work....
As we can see in the chart the stock has given a breakout after a reasonably good fall over a period of time, this can be a good buy because this company makes pharmaceutical products namely rifampicin which is useful in fighting bacterial infections which might prove as the benefit due to the pandemic which is going on. Further the company has pretty impressive...
TARGET +940
TATA steel given two times breakout on flag and pole pattern
1. ON 1H time
2. ON 15 Min
IF today it sustain above 935.50 then we Can see more big rally in TATA STEEL
