Tata motors on a 15 min timeframe is forming a descending triangle. It might breakout of the consolidation as there is volume support as well. Nifty Auto looks good to support this. There is a positive RSI divergence in the same timeframe at that exact price point. This also supports this analysis.
ICICIBANK forming triangle patter on 15min charts
we have good volume here. Keep eye on this for intraday.
TheCharts
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Please consult with your Financial advisor before trading or investing
🔰 MY thought process :
⭐After a good breakout and reversal on the D chart now this beauty is on ATMs
⭐I see good Trendline support on 30mins and a possible good setup on 15mins :)
⭐A very decent trading setup would be activated when it breaks this small trendline on 15 min TF :)
⭐Trade type: swing
⭐Pattern: Ascending triangle on small TF with a bullish structure...
⭐A breakout on Month can be seen clearly if it sustains on these levels for Monday too :)
⭐Dynamic supports from 50 dema is been taken multiple times (once broken with a power candle = gap up next day above it )
⭐My calculated speculation is: a **close** above today's red candle with volume more than normal on 15min = a breakout from the pattern :), the risk...
BankNifty Levels for 28th May
Nifty is near to ATH now but Banknifty is still 3000 point far from ATH.
we may see good up move in coming days in BankNifty. Once cross 35643 we can good up move again.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial...
Nifty Levels for 26th May
> It reversed from 23% Fibo levels.
> Higher chances open flat or down and go upside
> today or tomorrow it has to touch 15327 levels.
What's your view ? will it touch this level? comment your opinion,
TheCharts
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My studies are Educational purpose...
Bank Nifty - Ascending channel formation at 15 mins time frame
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
