There're 4 tails at the value high and, 2 tails are detected at value low for a major channel . When the price is higher above the value high, We found the tail as price reject and reversal. For instance, you can observe the trend is up before the tail(1) created. U-Turn has been seen after the tail formed. The same thing happened for the tail (1) to...
TCS PREDICTION WE WILL SEE BLW 1800....
TITAN..still inside a channel. thought weakening. if it breaks the channel can test 20 weekly MA keep a watch
Critics are welcome to comment. I know its too early to confirm the pattern, just trying my hands on harmonics
Hcltect has formed Triangle it can bounce around 80. If 80 is also broken then we may see 60 soon.
TAIL, This is a reversal of prior trend pattern that shows up as one candle reaching out well beyond normal price action. Sometimes referred to as a Hammer which is used to spot signs of a reversal indication . For Example, 1 Tail at a value low and Psychologically, this can signal exhaustion in the selling mentality and a developing appetite for long...
MARICO HITS A GREAT LEVEL.... CHANCES TO GO DOWN..BECAUSE.. THE SELLERS IS MORE... MARKET ALSO.... OTHER INDICATORS ARE ALSO SHOWING A SELLING SIGN
found a double top.. and also its near to a support level..... AND ALSO THE VWAP IS CHANGING.. BUT WAIT FOR THE CONFIRMATION.....
RELIANCE HITS THE SECOND SUPPORT..... NOW IS THE TIME TO GO UP.... ENTER INTO TRADE WITH A BULL CONFIRMATION....
Bajaj Finserv..rising in a channel in between two trendlines.. forming a similar 1 2 3 pattern in the process of negative divergence. one of the strongest stocks in the market.. at a trendline support,, showing signs of slowing down..
BPCL has broken weekly trendlines and is current sitting on its 50 weekly MA. Break below the 50 weekly can continue the downtrend..
Bajaj finance faced stiff resistance as suggested in the last post. will be a sell on rise.. considering previous behaviours at trendline of rsi, a big sell off is not ruled out
SBI is currently holding trneline support. but has fallen from the high forming a triple divergence. break of immediate trendline can trigger a fall lower to the trendline below ..
MIDCAP index faced stiff resistance on weekly cloud, weekly trendline, and also weekly 50 dma.. looks weak.. and there is no pick up in earnings of the midcap.. be cautious if you are investing..
BOB : Exp: 27 JULY 2019 Stike price : 110, PE : Rs: 1.40
Bajaj finance, the strongest stock in my books might be reaching its climax soon facing strong resistance at its long term trendlines..