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
According to bullish three drives pattern nifty indicating reversal of previous downtrend. Today we got the breakout of its resistance trend line if nifty sustain above this level one more trading session then we will get confirmation about the uptrend in market. According to pattern there was a good entry near 14150 level. It was also 100 Day's EMA level...
ESCORT has extended its harmonic Pattern near 1.618 at 1110.00. Reversal may occur. BUY zone at 1055.00 to 1110.00. 1055.00 likely to be a extreme level.
bank nifty trade on support also forms bullish engulfing candle on support zone buy cmp 31940 trgt open sl 30640
A Bullish Engulfing Pattern has been formed on the counter of FORCE MOTOR. Keep Close Watch.
Seems consolidation taking place near 247-240. Can be considered with SL of 240..
NASDAQ is closely following the trends of DJI. Even NASDAQ is following the same trend, but it has grown tremendously.
QUESS likely to form a BULLISH candle pattern here. Keep watch
VARUN BREVARAGES almost retraced the levels. Keep Close watch
VOLTAS a trend start likely from here
breakout in double bottom patterns can see a price of 1600 in coming days.
My call to buy nifty 16000 ce may exp @ cmp
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...
As the cases of covid increases day by day hospitals will be making much profits in coming quarters .
CADILA has seen a long bear candle yesterday along with rise in volumes
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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...
falling wedge pattern formation in USD/JPY trade on 15 and 5 min chart. BOUGHT at 107.71 It may give breakout to a target of 107.751 and then 107.78.