Now Nifty made Doji which is end of of the trend but we need to wait for confirmation If Nifty shows down move then it will enter again consolidation area like previous . All things are mention on the chart Educational purposes. Non-advisory, discretionary.
Pattern Explanation: A Cup & Handle Price pattern on the daily chart of Sunpharma observed where the cup is in the shape of "U" or rounding bottom formation with almost equal highs on either side. Handle (Right side) is a small pullback from the higher end is also looks rounding which is almost 1/3rd of the size of the prior advance indicating a better strength of...
Super bullish chart from HIL
ICICI Bank Daily chart finds a confluence of 2 different bearish pattern. First the pattern is Negative Divergence with Divergence Count 3.This implies that there is potential in this pattern to work and maybe drag prices on the downside. Second is a pretty clean Shooting Star pattern. So essentially, we are looking at two bearing pattern confluences together...
Is the wave count correct? i am not good with EW infact very poor. please correct me where i went wrong :)
If it breaks below 50 EMA on 30 mins chart and sustain then it can go up to approx. 162 with stop loss of 182 and further down to 155 & 145. if it respects the 50 EMA on 30 min chart then it go up to 182 with stop loss of 162 and above 182 it would create new highs. At each support or resistance watch for candle stick patterns like continuation pattern or...
IT IS CURRENTLY SHOWING BEARISH DIVERGENCE WITH STOCHASTICS IT MAY COME DOWN FIRST TARGET IS 396 AND FINAL TARGET IS GUESS WHERE 376 WHICH IS NOT DOUBLE TRIPLE QUADRUPLE BOTTOM IT IS ACTUALLY quintuple BOTTOM AS YOU CAN SEE ON A WEEKLY CHART 5 TIMES BOTTOM HAS BEEN MADE AT THIS LEVEL MARKED BY ARROWS WE CAN GO LONG ON THIS LEVEL FOR SURE GOOD LUCK NOTE: NO ADVICE...
ITS FINAL SUPPORT IS LOWER TREND LINE OR EMA 50 THAT IS 1117 IN WEEKLY CHART IF IT CLOSES BELOW TREND LINE PLUS IN FIBONACCI RETRACEMENT IT OPENED AT 50% LEVEL AND FELL TO 38.2 LEVEL 1147 IS SUPPORT WHICH FIBONACCI`S 38.2 LEVEL IF IT IS BROKEN MORE DIVE EXPECTED
NSE:RELIANCE Long term trend line (without log. It looks like one top has been formed on chart after the formation of duo bearish candles. Good correction expected.
There has been single side move on weekly timeframe since Apr 2019. Now expecting correct to happen at least till 38% (530) or 50% (494) Fibonacci levels, that would be good buying opportunity. But not sure it would come to that level or not. On weekly chart it is closed below 50 EMA
For learning purpose if you look at the weekly chart - there was consolidation and then it gave breakout on upside. It closed above the 50 EMA from the consolidation range and then rally continued further. It was good opportunity for buy There was rejection from 50 EMA on weekly chart (see very long wick), next or next to next green candle was also good...
VIEW ON KOTAK MAHINDRA BANK :-THE RANGE IS NARROWING DAY BY DAY :-CONFIRMING POLE FLAG PATTERN :-POLE FLAG PATTERN IS A CONTINUATION PATTERN :-I.E WE EXPECTING A BREAK ON THE UPSIDE :-DIVERGENCE VISIBLE IN THE CHART :-WAIT AND WATCH APPROACH :-TRADE WILL BE TAKEN FOR SHORT-TERM,MOMENTUM AND POSITIONAL AS WELL :-ONCE LEVELS ARE TAKEN I WILL SHARE THE UPDATE
Yes, its giving lot of information...lets try to understand
Study the chart and take own decision