Black Friday saleUp to 70% OFF

AB=CD

Tilak Nagar Industries Ltd (TI): Double Bottom PattenNSE:TI is showing bullish price actions: Technical Reasons: A double bottom W patten is created Tried to see if it's a Harmonic XABCD patten, not fully complying with this Volume is going up, Current trend is uptrend Strong Momentum: Price above short-, medium- and long-term moving averages Fundamental Reasons: 1. FII / FPI or Institutions increasing their shareholding 2. Negative to Positive growth in Sales and Profit with Strong Price momentum 3. Highest Recovery from 52 Week Low 4. High volume 5. Consistent Highest Return Stocks over Five Years - Nifty500 Trade : Buy above 110, SL: 106, T: 114/117 Sell below: 104, SL: 107, T: 100/97
BSE:TILong
by pradipandsuvra
Nifty Analysis For 7th July Expiry Week In DTF and WTF Nifty is in retracement phase. In 15 min timeframe one can observe a Hidden Bearish divergence in RSI. Hence I am expecting a trend continuation. But the question is how much retracement can we expect? To answer this I have used harmonic ABCD pattern to find the PRZ, which will be activated if and only if Nifty sustains above 15930. Then one can play a long upto 16000 as it is always a psychological support. If nifty breaks 16000 then it will be facing a strong supply zone because of harmonic PRZ highlighted in the chart. I want to consider a short from the PRZ for the best Risk to Reward(RR).
NSE:NIFTY
by debabratamath