Raymond chart was bullish for last few days & closed a bit above the previous high's of 810's. There are many aspects one can interpret this chart above :
i) The ranging candle can be considered as Flag or Triangle depending on how you draw your lines & Not to worry, both are fine.
ii) If you don't trade simple patterns, then you can consider this as simple...
Dear all
Bullisg Flag Pattern observed in Geojit (GEOJITFSL) Counter.. just sharing with you
Details are mentioned in the chart , if i am wrong please correct me and appreciable
Disclaimer: it purely my observation, Analysis and viewpoint ; Not a trade Recommendation
Simple consolidation breakout, the breakout is on right now, once its confirmed , Check with your plan & take trade positions in DHFL
Note : If you have doubts on, if we reverse our trade on false breakout, why we need to take that unnecessary loss on one side ? Well, we have tried here in tradingview itself manytimes, that reversing on false break covers the...
It is been observed on the hourly chart that the price action is forming a continuation pattern after breaking downward channel pattern.
It shall be a good opportunity to take a part in it once it closes above 93 levels.
I shall update the targets later.
#Watchlist
Regards
IBULHSGFIN in shark PRZ showing weakness and if its unable to close above 891 we can go for a dip in it.
CMP 864.5
SL 891
TGT1 779
TGT2 718
Risk-Reward Analysis
Entry 866.5
SL 891
Target 1 779
Target 2 719
Reward min 87.5
Reward max 147.5
risk 24.5
ROR1 3.6
ROR2 6
If you feel SL is big wait for the pullback in lower timeframe and can short it.
Disclaimer: All...
It is been observed that the price action formed a bearish ABCD harmonic pattern on daily and hourly chart indicating further move down.
Target: 500
Stoploss: 520
NIFTY after the strong rally is finding hard near 50% of fibo swing and also near the PRZ of #CYPHER #HARMONIC pattern.
good ROR for short available.
SL 8475
Target1 8242/8107
