A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). Here is an example of IEX. The company has declared a good set up of numbers on 22nd July. Profit after tax is up by 48% Sales are up by 36% The price is now hovering near the previous Resistance which now acts as a support Tight price range near the...
Explained in the chart how simple range breakout can be predicted.
Market respect that trend line, which was previously Resistance Line and break, after few days It became Support Line.
NSE:BERGEPAINT When market break on upside or break the resistance line of this pattern, market was totally on bullish nature and we have to catch that bull run.
This is the monthly chart. Recently Biocon broke the support levels of 360-365 and this resulted in a major 10% fall upto 330 levels. For long term investors, the question that arises here is - Where is the next buying zone? From which price levels the stock will show a bounce back? Here we will learn the use of EMA or Exponential Moving Average. Every stock...
Once it crosses the resistance zone and closing above 101- 104 on daily basis following are the targets which can be achieved. Target 1 - 114 Target 2- 125 If share breaks support zone below 95 then it may come down. SL-84 Its only for educational purpose. Take your own decision for your trade.
NSE:EMAMILTD Trend lines can be drawn in between the trading channels, that's means a trend line inside the trend lines (channel). Market already break this inside resistance line, so we can easily take a long position using "Buy Stop" or "GTT" order. Because the stock or chart it self break the resistance line, so you can say this is a upside breakout inside...
NSE:HAVELLS Market break the resistance line but unable to close above the line and make upper shadow, that's means the chart itself respect the resistance point again. So without closing we can't rely on such breakouts. Showing upper shadow in same point on several times means the chart/market already started to ignore this price level.
1) After breakout price comes near the previous supply zone and now it should act as demand zone which is support obviously 2) We should see the volumes at the time of retracing volumes are always low which is a good indication that means some profile booking is happening 3) If the price is not supported by volumes it kind of reverse that exactly happening now...
Bitcoin had a fantastic rally this year but also had seen the worst of the falls due to China’s crackdown. Let’s analyze the BTC chart and find out the critical signs we have observed during the fall and also analyze what’s the current situation. In this analysis, we will be using Trendlines, Supply and Demand Zones, and RSI. We shall understand them briefly....
support and r on mrf chart , u can see ckearly it can helpful to draw s r line ,
- Price is converging between lower trendline and upper trendline, will need to give breakout (follow the major trend) - Price must trade above 35800 and sustain to make upper move to ATH which is 5.38% away) - Outperformed nifty this week, follow up price action is needed (upside) as price closed exactly at upper trendline shadow - Anticipating breakout in 1-3...
Trendline still not broken (price near trendline and in consolidation mode around 15600 to 15900 This week the nifty closed at ATH and managed to close at upper levels. Making small momentum candles (can break either side, p.s. Major trend is up) Strong support at 15300 levels A decisive close above 16000 with a catalyst is needed to enter new territory. This weak...
Inverse Head and shoulders Pattern is the mirror image of head and shoulders pattern. Read about Head and Shoulder Pattern here: Inverse H&S Pattern is bullish reversal pattern. Signals the traders to enter into long position above the neckline. Volume play a major role in both H&S and Inverse H&S Patterns. Usually the spike in volume on breakout is...
I gave you guys these Levels Yesterday To Trade. The First 5 Min CAndle Took a Heavy Support From the Major Support Zone and Made a Very Strong Bullish Candle and I Entered Straight Away In the Trade and Booked Over 180 Points in BankNifty FUT In Just 10-15MIn.Thats The Power of Demand and Supply Zones. Follow Me To Capture these Kind of MOves I Share them EveryDAy.
Tata Motors There was a NEWS today in afternoon with regards to Chip shortage effecting JLR car production and that it might take a toll on profitability for the Company. The NEWS took a heavy toll on Tata Motors instantly. Now let me go by disclaimer, this is analysis in hindsight which is easier as the outcome is there in front of us now. Also, I have not...
The 200-day simple moving average (SMA) is considered a key indicator by traders and market analysts for determining overall long-term market trends. The indicator appears as a line on a chart and meanders higher and lower along with the longer-term price moves in the stock, commodity, or whatever instrument that is being charted. The 200-day SMA seems, at times,...