the famous head and shoulder pattern formation for the best company
ED in Wave C and now on the verge of firing
Anchored volume weighted average price or simply AVWAP is a previous meaningful benchmark price on a chart chosen by traders that quantifies the average price a market has traded at through a time period, based on both volume and price. This metric is important because it provides traders with a visual into the nature of the trend and the average technical value...
BEL was forming falling wedge type pattern it was getting support form 200 SMA( 2 time bounced) Entry above 98 facing resistance near 92 to 98 also 50 SMA was in this zone by seeing volume one can clearly see that in negative day volume was drying up but in positive day volume were good
AUBANK looking for a breakout at 920 levels, as long as it sustains above 830 bullish trend will be intact. breaking above neck line around 920 will take this stock upto 1200.
BANDHANBANK has given neck line breakout for inverted H&S pattern at 330 Neck line with a potential to reach 407 Currently it is forming Rounding bottom, in the long run it is looking to make around 560 levels which is almost 50% from current levels. There is a trending resistance line which is going to meet at end of the rounding bottom, so big breakout...
SARDA Energy formed a rounding bottom on daily frames, and realized breakout lately, however still 10% upside is intact. more over we can see Eliotte WAVE on WEEKLY scale, currently it is in 3rd wave (Impulsive), it can quickly reach 370-380 levels. end of 5th wave could be seen at 480-510 levels.
NIFTY has formed a bearish engulfing candle and also shows negative divergence on daily charts.. gapped up and close the gap and ended towards the low of the day. short term bearishness to set in with today's high as SL
BAJAJ FINSERV after a stellar vertical up move , now showing triple negatve divergence on 4 hr charts.