Jackpot possible in IDFC First Breaking out Triangle pattern possible it can touch 80-85 range this time only for study purpose.
Nifty, Banknifty and Sectors Analysis. All sectors and their chart are analyz one by one.
Dabur India has formed a hammer pattern with a long wick on the weekly chart as on Thursday. If the same pattern is maintained on Friday 10/12/2021 then there could be a bullish trend reversal expected which needs to break the previous resistance of Rs.600 and Rs.613 for long-term upper trend.
Bajfinance near trend line.... : today's high is almost near the trend line.... : hope it breaks tomorrow gap up and sustain above the trend line....
Apollo tyres is forming scalene triangle pattern which is having strong support at Rs.203 and strong resistance at Rs.224. Though the stock was able to break out Rs.224 Resistance level in last two occasions, the break out could not sustain and fall back to its earlier support level. Major price movement is not expected till it will have strong break out at...
Chart is self explanatory. Retest done and attempting to cross the resistance. With strength in the green candle and increased volume for the day, it is likely to move up to the level of Rs. 260/- very soon. A simple chart prepared for self learning. Please feel free to suggest.
Follow my this strategy and don't judge any strategy too soon alway look at big picture Trailing SL with 20 sma Bactest this strategy once you are confident you can go for it
What Is a Pennant? In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement - in the same direction as the initial large movement, which represents the second half of the...
Query : Most of the time I take late entry & exit, how to over come it? Answer : Everything starts with simply watching the market. Market is based on probabilities, still you need a plan for your trades You should know where the support/resistance is. When watching market with out an analysis, when you see a good trading opportunity, you wont get confidence about...
Idea Price just convincingly broke the 52 week price level on Falling Wegde Chart.
A head formed on 18 oct 2021 with two shoulders. Left formed on 27 sept '21 making a high at 195.50, similarly right formed on 09 Nov '21 at 221.60. the neckline, however, is not so clear but somehow formed at 206.60 and tries to recovers at 207.10 with vol buying of 797.047 but utimately falls on 206.05 on 25th of nov. The record selling and short selling of...
Levels to watch ..........................................................................................
The current stock market is driven on fear where commodity and stock are moving inversely like it usually does. The best way to judge fear is Oil price. Look how they are such correlated. So if you have positions in banknifty (or nifty) and tensed on gap issues. You can always and always playout with commodity in after market hours on the basis of this relation.
METAL INDEX: Formation of HH HL on daily time frame. Bottom formation is done in metal index. We need to see impulsive price action to confirm for a new high as a continuation of the larger uptrend. Till then it is confirm that there should be a bounce at least in all metals. STOCKS TO WATCH: TATA STEEL (MY FAV.) , SAIL , HINDALCO , jindal steel is also...
As compared to Nifty in previous analysis BNF is showing much more bearishness and has corrected about 15% from the top whereas Nifty is around 10%. The previous rally that started on 30th Aug. is completely wiped out which in itself is not a good sign. Though BNF is hovering near support it had a great opportunity to break past the triangle pattern in smaller TF...
Nifty has been in negative territory from past few days also forming a H&S pattern on the top, a highly traded pattern, for about 1000 pts. target which has been completed a few days back. Now, after a few days of pullback a negative candle is formed on last trading session it may continue the trend in the direction of the primary trend i.e. down. But, there's...
An Island Reversal is a piece of price action that is completely broken off from the rest of the chart. It has a gap before it (Exhaustion Gap) and a gap after it (Breakaway Gap). A bullish Island Reversal starts with a down gap in a bear trend. After a period of sideways trading, the market gaps upwards to reverse the bearish trend. A bearish Island Reversal...