Megaphone pattern is a pattern which consists of minimum two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is better the pattern will work....
Biocon breakout after 425 simple use price action strategies.. Target is 440. After 425 cross go to gap filling.. Only education purpose not please take care
As we can see in the chart the stock has given a breakout after a reasonably good fall over a period of time, this can be a good buy because this company makes pharmaceutical products namely rifampicin which is useful in fighting bacterial infections which might prove as the benefit due to the pandemic which is going on. Further the company has pretty impressive...
Currently Nifty Bank Has Fallen Like Anything. But Look At The Magic Of Harmonic . It Met With The 0.886 PRZ in And The Fall Has Stopped. But In Case We Break That Level i.e 30600 And Close Below That In Daily Time Frame. We May Fall Till 29000 -28648. But Chance Are Less As It Has Fallen Too Much. Now If You Choose To Look For Ultra Longs In Intraday Between...
Just Zoom Out. Self-study and self-observation. Comment if you observe something special... Happy Trading & Investment.
TARGET +940 TATA steel given two times breakout on flag and pole pattern 1. ON 1H time 2. ON 15 Min IF today it sustain above 935.50 then we Can see more big rally in TATA STEEL
broken major resistance of big time frame of 1H.
If banknifty breaks and sustain 32000 level then we may see 32600 if not then thier will be selling pressure again.
WEEKLY CHART 1. Bullish Hammer Pattern 2. Bullish Engulfing on daily Chart 3. Almost close to 50% retracement of current rally.
wait for proper brekout or breakdown
Nifty Pharma is looking for ATH breakout soon. I'm novice in charting, so please look for experienced guidelines.
Yesterdays Shooting Star and todays Doji currently ongoing. Do it suggest a correction at top. AB = AC Pattern completes at 660.00 levels which is almost todays high. Wave 5 is completing at same level of 666.00. Stock is again back from above. Is correction expected.
All observations on chart. MULTIPLE CONFIRMATIONS & EXPLANATIONS OF DRAWINGS As you can see gold bounced tom 38.2% fibonacci level a good level to buy the dip. 19% correction from the top till pre covid levels Falling channel pattern visible on charts, usually gives good move on the upside. Double bottom pattern breakout given today. Price comfortable above...
Trend lines / parallel channel on daily time frame helps to identify where safe long/short positions can be created. Stop Loss is low but reward is high.